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Category: Markets

  • Chinese stocks stay hot ahead of the holiday break

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    Investor Empires

    CSI 300 weekly chart ? Chinese stocks are very active, and it has been a long time since we have seen such an improvement in sentiment in the region. After gaining more than 15% last week, the CSI 300 is now up more than 6% on the lunch break. As…

  • Cost-conscious Chinese tourists look to affordable options for Golden Week holiday By Reuters

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    Investor Empires

    Written by Sophie Yu and Casey Hall BEIJING/SHANGHAI (Reuters) – Chinese tourists are expected to take longer trips than last year during the Golden Week holiday that begins on Tuesday, but that will not necessarily lead to an increase in spending, travel industry experts said. With the economy slowing and…

  • China Caixin September Manufacturing PMI 49.3 (prior 50.4) Services 50.3 (prior 51.6)

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    Investor Empires

    China PMIs from own survey These are not good results, but they are old and outdated news now given all the stimulus announcements from China in the past week. previously: China official PMI data: manufacturing 49.8 (49.5 expected) — — China has two primary Purchasing Managers’ Index (PMI) surveys –…

  • Three Palestinian leaders killed in Israel strike in Beirut By Reuters

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    Investor Empires

    Written by Maya Gebaili, Laila Bassam, and Mohamed Gebaili BEIRUT (Reuters) – The Palestinian Hamas movement said on Monday that three of its leaders were killed in an Israeli strike on Beirut, the first attack within the city’s borders as Israel escalates hostilities against Iran’s allies in the region. The…

  • Three Palestinian leaders killed in Israel strike in Beirut By Reuters

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    Investor Empires

    Written by Maya Gebaili, Laila Bassam, and Mohamed Gebaili BEIRUT (Reuters) – The Palestinian Hamas movement said on Monday that three of its leaders were killed in an Israeli strike on Beirut, the first attack within the city’s borders as Israel escalates hostilities against Iran’s allies in the region. The…

  • USD/JPY higher to open the week – update after weekend news and Monday data

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    Investor Empires

    High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…

  • SpaceX capsule for stuck astronauts docks at space station By Reuters

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    Investor Empires

    (Reuters) – SpaceX’s Crew Dragon space capsule, which is scheduled to return stranded astronauts Butch Wilmore and Sonny Williams next year, arrived at the International Space Station on Sunday, according to NASA and SpaceX. NASA said in a post on the X website that NASA astronaut Nick Hague and Roscosmos…

  • US economy – “There is no denying it: among the best performing economies in 35+ years”

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    Investor Empires

    Mark Zandi is chief economist at Moody’s Analytics. Over the weekend he published a glowing review of the US economy. I think this contains a big warning…but first is what he said (briefly): With the big revisions to GDP last week, there’s no denying it: This is among the best-performing…

  • US East Coast port strike set to start Tuesday, says union By Reuters

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    Investor Empires

    Written by David Shepardson and Steve Holland WASHINGTON (Reuters) – A strike at ports on the U.S. East Coast and Gulf of Mexico will begin on Tuesday, the International Longshoremen’s Union said on Sunday, signaling action that could cause delays and disrupt supply chains. “The United States Naval Alliance… refuses…

  • Premium Watchlist Recaps: Sept. 24 – 25, 2024

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    Investor Empires

    This week our currency strategists focused on the Australian CPI update and the Swiss National Bank’s Monetary Policy Statement in search of potential high-quality setups. Of the four scenario/price forecast discussions this week, Arguably, two discussions saw both financial and technical arguments raised They become potential candidates for overlay trading…

  • Economic calendar in Asia 30 September 2024 – China PMIs for September

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    Investor Empires

    Note that New Zealand switches to daylight saving time over the weekend as summer approaches. Speaking of New Zealand, the ANZ New Zealand Business Survey for September 2024 is due out today. August data improved compared to July but remained poor: But the focus will be on data from China.…

  • India to probe fire at Tata plant making components for Apple iPhones By Reuters

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    Investor Empires

    Written by Haripriya Suresh and Praveen Paramasivam BENGALURU (Reuters) – Indian authorities are set to launch a criminal investigation into the cause of a fire that broke out on Saturday at a Tata Electronics factory that makes components for Apple Inc’s iPhones, an official in the Indian state of Tamil…

  • Freeport cranks up copper output as rivals scour for deals to grow By Reuters

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    Investor Empires

    Written by Ernest Scheider (Reuters) – Freeport-McMoRan (NYSE:) is ramping up production across three continents with no plans to join the takeover frenzy sweeping the mining industry, a strategy analysts say puts the company in a good position to benefit from growing clean energy demand. On red metal. Widely used…

  • Freeport cranks up copper output as rivals scour for deals to grow By Reuters

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    Investor Empires

    Written by Ernest Scheider (Reuters) – Freeport-McMoRan (NYSE:) is ramping up production across three continents with no plans to join the takeover frenzy sweeping the mining industry, a strategy analysts say puts the company in a good position to benefit from growing clean energy demand. On red metal. Widely used…

  • Hurricane Helene wreaks havoc in US Southeast, at least 60 dead By Reuters

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    Investor Empires

    (Reuters) – Southeastern U.S. states on Sunday began a massive cleanup and recovery effort after Hurricane Helen’s wind, rain and storm surge left millions without power, destroyed roads and bridges and caused catastrophic flooding from Florida to Virginia. The storm killed at least 60 people, according to state and local…

  • Israel stocks higher at close of trade; TA 35 up 1.02% By Investing.com

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    Investor Empires

    Investing.com – Israeli stocks rose after the close on Sunday, as gains in the stock sector pushed shares higher. At the end of trading in Tel Aviv, it rose by 1.02%, reaching a new all-time high. The best performers of the day were Energean Oil & Gas PLC (TASE:), which…

  • Saudi Arabia stocks lower at close of trade; Tadawul All Share down 0.83% By Investing.com

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    Investor Empires

    Investing.com – Saudi stocks fell after the close on Sunday, as losses in stocks and sectors led shares lower. At the close in Saudi Arabia, it lost 0.83%. Among the leading stocks today, Bin Dawood Holding (Tadawul:) emerged, the value of which rose by 6.01%, or 0.45 points, and its…

  • Newsquawk Week Ahead: US NFP, ISMs, EZ CPI, Japan Tankan & OPEC+ JMMC

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    Investor Empires

    Monday: China NBS and Composite PMI (September), Caixin PMIs (September), Japanese Retail Sales (August), German Retail Sales (June), UK GDP (Q2), Swiss KOF (September), German CPI (September), UK Mortgage/Lending Approvals (August), US Dallas Fed (September), New Zealand NZIER (Q3); Canada vacation. Tuesday: Riksbank Minutes, Final EU/UK/US Manufacturing PMI (September), EZ…

  • When the dollar store closes, US families on food benefits lose a lifeline By Reuters

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    Investor Empires

    Written by Jessica DiNapoli and Kylie Kang NASHVILLE (Reuters) – Almost every day, Latrina Begley, 37, of Nashville, or one of her six children, shops at the Family Dollar down the hill from their home, using federal food stamps to buy Hot Pockets or frozen pizza and pantry staples. Like…

  • China’s FX conundrum mutes stimulus optimism: McGeever By Reuters

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    Investor Empires

    Written by Jamie MacGyver ORLANDO, Fla. (Reuters) – It’s safe to say that the timing and scale of the stimulus measures launched by China this week were largely driven by the U.S. Federal Reserve’s massive interest rate cut just a few days ago. Unfortunately for China’s policymakers, however, the US…