China's GDP growth data may signal more policy easing
Nikada/E+ via Getty Images Fresh data from China overnight showed the nation's economy expanding at a 7.9% pace in the second quarter, boosted by strong readings on industrial output (+8.3%
Seekingalpha · 07/15 08:04
China's bank regulator cautions increase in non-performing loans amid unbalanced recovery
Since the start of the COVID-19 pandemic, the People's Bank of China has implemented monetary and fiscal support to suppress interest rates, however, China's economic recovery is uneven as bad
Seekingalpha · 07/14 12:43
A look back at China's economy as Communist Party marks centenary
Andrea Verdelli/Getty Images News China today celebrated the ruling Communist Party's centenary with a big show in Tiananmen Square. Saber-rattling by President Xi Jinping also made some news after he
Seekingalpha · 07/01 09:26
China's central bank vows to make monetary policy flexible, targeted, appropriate
The People's Bank of China pledges to make its monetary policy flexible, targeted, and appropriate, while keeping interbank liquidity reasonable, Reuters reports.While robust demand for exports has bolstered China's industrial
Seekingalpha · 06/28 13:27
Amundi's investment chief calls cryptocurrencies like bitcoin a 'farce'
The chief investment officer of one of Europe's largest asset managers calls cryptocurrencies such as bitcoin (BTC-USD) a "farce", and says they're a result of bubbles forming in financial markets."Bitcoin will
Seekingalpha · 06/03 16:05
WisdomTree Chinese Yuan ETF declares $0.1118 dividend, cuts dividend by ~78%
WisdomTree Chinese Yuan ETF (CYB) declares $0.1118/share annual dividend, -78.1% decrease from prior dividend of $0.5104.Forward yield 0.41%Payable Dec. 24; for shareholders of record Dec. 22; ex-div Dec. 21.See CYB
Seekingalpha · 12/22/2020 11:40
Greenback Stabilizes
The dollar is consolidating yesterday's losses.Equities are lower, and benchmark yields are little changed.The S&P 500 is trading a little lower following yesterday's 0.2% decline.Gold rose almost 1% yesterday, the most in a couple of weeks, on the back of the weaker dollar.WTI for December delivery slumped 4% yesterday and slipped below the $40-mark and straddled today.
Seekingalpha · 10/22/2020 11:32
Dollar Slumps As Yields Rise
The dollar is falling against most of the world's currencies today.Sterling and the Norwegian krone are leading the majors higher.The Chinese yuan extended its gains and is now at the best level since July 2018.In Asia, most of the large markets gained, but China, India, and a handful of smaller bourses were sold.Europe's Dow Jones Stoxx 600 is off for the third day and the sixth session in the past seven.
Seekingalpha · 10/21/2020 12:02
Narrowly Mixed Markets As Clearer Direction Sought
In the Asia-Pacific region, Japan, Taiwan, and Australian bourses led declines, while China, Honk Kong, South Korea, and India advanced.Europe's Dow Jones Stoxx 600 is straddling little-changed levels.US shares are recouping part of the losses suffered late yesterday.The euro and the Scandis are leading most of the major currencies higher.Emerging market currencies are narrowly mixed.
Seekingalpha · 10/20/2020 12:33
A Silent PBoC Keeps Pushing The CNY Higher
While most developed central banks have been injecting trillions of liquidity into the market in the past six months, the PBoC has been "silent".The massive fall in US yields (relative to China) has been weighing on the US dollar against the yuan.The Chinese yuan could be a good hedge against the rise in political and economic uncertainty in the West.Main risk: a sudden new massive spike in price volatility.
Seekingalpha · 10/19/2020 18:42
Sterling Sparkles In Dollar Setback
China's economy expanded by 2.7% in Q3, a little below the Bloomberg survey median forecast of 3.3%, and Q2 growth was revised to 11.7% from 11.5%.The UK has been struck by a resurging virus, the lack of progress with EU trade talks, and the pre-weekend downgrade by Moody's.In an otherwise light calendar today, six Fed officials speak. These include Chair Powell at an IMF-sponsored discussion of cross-border payments and Vice-Chair Clarida on the economic outlook.Oil prices have recovered from their April lows but have been moving broadly sideways for three-four months.
Seekingalpha · 10/19/2020 12:00
Sterling And Yuan Resilience, While Rate Differentials Aid Dollar
The US dollar rose against nearly all the major currencies last week. The yen was the sole exception.Of the majors, the Australian dollar suffered more than a 2% decline following the strongest signals to date that that Reserve Bank of Australia will do more to support the economy.However, it is still a question of precisely what it will do.
Seekingalpha · 10/18/2020 17:03
Markets Shake And Dollar Goes Bid
Led by a 2% drop in Hong Kong, Asia-Pacific equities tumbled, with the exception of Australia.The Dow Jones Stoxx 600 is off for a third day, but the nearly 2.2% decline is the largest drop since September 21.US shares are also lower.The dollar is gaining across the board.The Antipodeans and Scandis are the weakest. Even the yen is softer.
Seekingalpha · 10/15/2020 11:30
ETFs Beat 2020 Chaos With Help From Well-Timed SEC Rule Shake-Up
Bloomberg · 10/13/2020 16:35
Markets Look For Fresh Incentives
In China, the September surplus fell to $37 bln from almost $59 bln. The median forecast in the Bloomberg survey was for a $60 bln surplus.European stocks are struggling a bit, and the consolidative tone is threatening to end the three-day advance.The US reports September CPI. The headline rate is expected to tick up to 1.4% from 1.3% in August.
Seekingalpha · 10/13/2020 11:42
Covid-19 Resurgence to Take a New Swipe at Surgery Recovery
Americans cautiously returned to the doctor’s office for non-essential medical procedures like knee replacements in the third quarter but Wall Street expectations into the end of the year may be too high.
Bloomberg · 10/12/2020 18:56
Covid’s Foggy Glasses Spawn Lasik Surgery Revival
Bloomberg · 10/12/2020 11:00
Bond ETFs Go From Roughed-Up to Record Inflows Thanks to the Fed
Bloomberg · 10/12/2020 11:00
China takes aim at yuan ascent, hopes of Shenzhen reforms
Looking to restrain a rally in the yuan, which has climbed 4.3% in the past three months, China's policy makers are removing rules that made betting against the currency expensive.Financial
Seekingalpha · 10/12/2020 07:19
Animal Spirits Return
Chinese markets re-opened with a bang. Shanghai led the Asia Pacific bourses higher with a 1.7% gain, and the onshore yuan rose 1.1%.Gold has rallied more than 1% today to about $1916, putting it within striking distance of the week's high set on October 6 near $1921.The US economic calendar is light, featuring the final wholesales inventory report for August and the Fed's Barkin speaks to a regional Chamber of Commerce before the equity market opens.
Seekingalpha · 10/09/2020 11:43
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