PBOC Surprises Markets With An Off-Schedule 20bp Cut To The MLF

PBOC Surprises Markets With An Off-Schedule 20bp Cut To The MLF. Collateral reductions for MLF signal the PBOC's intention to cool the bond market. The PBOC cut the 1-year medium-term lending facility (MLF) rate from 2.5% to 2.3%.

Election 2024: Economics, Policy And Positioning For A Soft Landing

The U.S. Economy should be resilient in the second half of 2024 and into 2025. The S&P 500 enjoyed a solid start to the year. The main risk for investors ahead of the 2024 election would be to cash out, says Seema Shah. Trade is a clear bipartisan focus for the upcoming election.

China surprises markets again by cutting key MLF rate

China surprises markets again by cutting key MLF rate to 2.3% from 2.5%. Biggest rate cut for one-year policy loans since April 2020. The People's Bank of China conducted an unscheduled lending operation at a much lower interest rate.

U.S. Issues Fresh North Korea-Related Sanctions Involving China-Based People, Entities. Targeting China-Based Network Supporting North Korea's Ballistic Missile, Space Programs

Asia market in red tracking global sentiment as disappointing earnings reports weigh on investor sentiment

Asia market in red tracking global markets as disappointing earnings reports weigh on investor sentiment. Japan, Australia and China hit lowest levels in almost a month as business activity data from Japan, China and the U.S. Falls. US stock futures fell sharply on Wednesday on disappointing quarterly results from mega-cap tech firms Tesla and Alphabet.

'PDD-owned Temu's first-half sales surge to US$20 billion, exceeding 2023 total: report' - South China Morning Post

China Cuts 7-Day Reverse Repo Rate And Loan Prime Rates In Move To Support Growth

Asia Markets Mixed, Europe Advances; Dollar And Gold Gain - Global Markets Today While US Slept

U.S. Stock markets closed in green on Monday, July 22nd. S&P 500 and Nasdaq Composite rebounded from their worst weekly performance since April. The Dow Jones Industrial Average ended a two-session decline. Japan's Nikkei 225 closed higher as investors returned to growth stocks.

Bloomberg Reported Apple COO Jeff Williams And Micron President Sanjay Mehrotra Visit Beijing Amid US Tech Curbs

China's Third Plenum Provides Little Support To Metals

Asia-Pacific market mixed ahead of batch of earnings reports, key U.S. economic data

Asia-Pacific market mixed ahead of batch of earnings reports, key U.S. Economic data. The Asia-Pacific equity market were mixed on Tuesday, tracking a technology-led rebound on Wall Street overnight. Japan rose slightly from three-week lows, while China and Hong Kong both fell. In the US, all three major indexes ended higher on Monday, driven by tech stocks.

What's Going On With AI Chip Stocks Nvidia, AMD And Taiwan Semi On Monday?

U.S. President Joe Biden withdrew from the 2024 Presidential race on Sunday. Taiwan Semiconductor stock opened lower Monday premarket. The broader artificial intelligence chip sector, including Nvidia and AMD, reversed last week's losses. The chip stocks got a boost from China lowering key interest rates. Nvidia is reportedly developing a new AI chip for the Chinese market.

Weekly Report: what happened at FXI last week (0715-0719)?

Asia Down, Europe Markets Advance; Dollar Retreats While Gold Holds Above $2,400 - Global Markets Today While US Slept

U.S. Stock markets closed lower on Friday, July 19th. The Dow Jones Industrial Average was down 0.93% and closed at 40,287.53. Energy shares experienced the largest decline, while healthcare and utilities were the only sectors to post gains. The global tech outage was caused by a glitch in Crowdstrike's software.

CHIQ: Stable Valuations With A Balanced Macro Outlook

Global X MSCI China Consumer Discretionary ETF (CHIQ) has a balanced macro outlook. The fund has some high-quality and high-growth stocks to drive returns through earnings growth. CHIQ is an equity portfolio focusing on the consumer discretionary sector in China. The market and economy in China is in a weak and sticky phase, but the market is at a bottoming phase.

Asia market mostly in red as traders access surprise PBOC cuts, Biden drops out of 2024 race

Asia market mostly in red as traders access surprise PBOC cuts, Biden drops out of 2024 race. China's central bank's unexpected policy rate cut to support the economy. Markets also weighed US President Joe Biden's decision to end his reelection bid. Bitcoin climbs to around $68,000 as investors book profits.

PBOC unexpectedly cuts LPR rates and short-term policy rates to bolster economic recovery

PBOC unexpectedly cuts LPR rates and short-term policy rates to bolster economic recovery. The People's Bank of China cut its one-year and five-year loan prime rates to record lows of 3.35% and 3.85%. The central bank also lowered the seven-day reverse repo rate to 1.7%.

Little to expect from China stocks as earnings season comes around - SG

Little to expect from China stocks as earnings season comes around. H-shares from the Hong Kong Stock Exchange rose 30% since the third week of January. Earnings are down by 2.5% yearly on average for the CSI 300 companies, Societe Generale analysts say.

China’s 2Q growth was disappointing - analyst

China’s second quarter growth slowed to 4.7% year-over-year. Retail sales in the country slowed to 2% last month. The 2024 growth target of 5% may be out of reach. The People's Bank of China left the one-year lending rate on hold.

Dollar Strengthens Amid Global Market Decline; Asia And Europe Markets Down, Gold Drops

U.S. Stock markets closed lower on Thursday, July 18. All major indexes dropped, with the Dow breaking its streak of record highs. Initial jobless claims rose by 10,000 to 243,000 for the week ending July 13. On Friday, Japan's Nikkei 225 closed lower and Chinese stocks declined.