TAG: China
Finance and Aerospace Industries Shift
Financial dealings continue to make waves on the markets as we move further into the new year: Capital One's acquisition of Discover Financial Services, a deal valued at over $35 billion, underscores the company's strategic vision for growth and innovatio...
7 months ago
What Next Following Last Week's Copper Rally?
Copper Rally Pauses for NowCopper prices are beginning the week in a quieter fashion after the solid gains we saw last week. The market surged higher by more than 4% as weakness in the US Dollar helped lift demand. Prior to last week’s rally, copper price...
7 months ago
Trade Of The Week: CN50 flirts with critical resistance
CN50 up over 5% YTD Prices bullish on D1 charts Watch out for Big China bank earnings Key level of interest at 12250 Major breakout on horizon? If you are seeking fresh market opportunities, then look no further! FXTM’s CN50 index, which tracks the benc...
6 months ago
Gold sets a new record high
US indices The session was mixed overnight in the Asia–Pacific (APAC) region, following the lead of US indices on Monday. Hong Kong’s Hang Seng recorded the best performance. The Caixin China General Manufacturing PMI A few important statistics were publi...
6 months ago
Asia Day Ahead: China’s PMI surprise on upside, USD/JPY on watch
Asia Open The Asian session kickstarted the new week on a more positive note, with Nikkei +0.10% and KOSPI +0.51% at the time of writing, as US equity futures found room for some relief following a tamed inflation read from the US core Personal Consumptio...
6 months ago
Market Insights Podcast – A busy week with Tokyo CPI, China 2 Sessions, Fed Chair Powell testimony and US NFP
OANDA Senior Market Analyst Kelvin Wong joins Jonny Hart to discuss this week’s key economic data and event. A busy week ahead across the globe, over in Asia, the key focus will be on Tokyo’s core-core inflation rate (excluding food & energy) where th...
6 months ago
SPR Surprise Lifts WTI Prices
Oil (CL) prices rebounded on Wednesday, March 27, as investors reassessed the latest US crude oil inventory data as the US Department of Energy (DOE) purchased crude oil to replenish its Strategic Petroleum Reserve (SPR). The crude stock increase reported...
6 months ago
US economy strengthens, sluggish China welcomes FDI as investments pour in
US President Joe Biden delivered his State of the Union address to the US Congress on 7th March. On the other side of the Pacific in China, the 21st National People's Congress held its plenum.Biden made a pitch for higher taxes and more social sector expe...
6 months ago
Janet Yellen says US-China relationship on 'more stable footing' but more can be done to improve ties
US Treasury Secretary Janet Yellen sent a message of mutual cooperation at a meeting on Sunday with Chinese Premier Li Qiang, highlighting the improvement in relations since her visit to China last year while recognising that major differences remain. Aft...
6 months ago
India seeks $100 billion a year in FDI as it woos China hedgers
India aims to attract at least $100 billion a year in gross foreign direct investment, a top official said, as the South Asian nation courts investors looking to diversify away from China.“Our target is that we will average at least $100 billion over the...
6 months ago
Yellen junks 200 years of economics to block China clean tech
Imagine if a Chinese company announced plans to build the biggest electric-vehicle battery factory the world had ever seen.Up to $5 billion would be spent on a single plant to manufacture more power packs every 12 months than the world produced last year....
6 months ago
Gold prices climb on Chinese buying. Is there more to come?
This suggests that there is yet more upside to come as the Chinese state is buying gold to avoid reliance on the US dollar. Russia is also a big buyer of gold, but Meyer agrees that this is a bit of a sideshow compared to the Chinese position. The discuss...
6 months ago
Week Ahead: Time for stock index "slowpokes" to catch up?
REMINDER: 11 of FXTM’s 18 stock indices have reached their respective record highs so far in 2024. However, upon closer inspection, not all stock indices are created equal. First, there are the outperformers: US500: up 9% year-to-date EU50: +10....
6 months ago
Bet on Chinese economic decline at your own peril
Is the Chinese growth story over? Former banker Uday Kotak has issued a warning of Chinese implosion on X (formerly Twitter), rating agency Fitch has put a negative outlook on Chinese prospects, and China’s growth rate for 2024 is forecast to come in at 4...
6 months ago