Tag: China

August 24, 2022

Hollywood studio executives charged with projecting global box-office revenues are putting $0 in the China column. Baccarat tables in Macau sit empty. Singers skip Shanghai concert halls on tour. American entertainment and leisure industries are facing an unsettling reality: China’s […]

August 2, 2022

Crude oil prices fell to kick off August, putting the commodity on track for a third monthly loss, assuming the nearly 5% drop on Monday is a sign of what’s to come. China’s National Bureau of Statistics (NBS) reported a […]

July 22, 2022

The euro began its descent today beginning with French PMI’s missing estimates followed by German data which often services as a barometer for the entire EU region. Unsurprisingly, EZ PMI’s followed suite (see economic calendar below), augmenting the weaker euro. Manufacturing and services fell across […]

July 8, 2022

China’s car sales rose almost 23% in June from a year earlier as production recovered in lockdown-hit Shanghai to meet pent-up demand and government cash incentives stimulated purchases in the world’s biggest auto market. Sales for passenger cars also rose […]

July 6, 2022

The wave of US dollar buying on Tuesday caught many market participants unaware and sent a wide range of asset markets to multi-month and multi-year extremes. The incessant USD buying was sparked by heightened fears that the world’s largest economy […]

July 5, 2022

Registrations of new cars plummeted about 24% last month compared with June 2021, according to the Society of Motor Manufacturers and Traders (SMMT). Manufacturers have had problems fulfilling orders due to global shortages of semiconductors, the trade body said. The […]

June 30, 2022

Asian stock markets were mixed Thursday after the U.S. economy contracted and China reported stronger factory activity. Shanghai and Hong Kong gained, while Tokyo and Seoul declined. Oil prices advanced. Wall Street’s benchmark S&P 500 index edged down 0.1% on […]

June 13, 2022

India and other Asian nations are becoming an increasingly vital source of oil revenues for Moscow despite strong pressure from the U.S. not to increase their purchases, as the European Union and other allies cut off energy imports from Russia […]

June 6, 2022

Crude oil made a 2-month high today with the WTI futures contract trading as high as 120.99 US$ bbl and the Brent contract reaching US$ 121.95 bbl early in the Asian session. Both have since eased off more than a […]

May 23, 2022

Global stocks rose on Monday and the yuan surged after US President Joe Biden said he’s considering cutting tariffs on China. S&P 500 futures were up 0.46% as of 5.27 a.m. ET, suggesting stocks will open higher when trading begins. […]

April 25, 2022

Commodity stocks slumped 6% on Monday, leading sharp declines across European stock indexes as worries about an economic slowdown in China and rapid U.S. interest rate hikes overshadowed relief from French Presidential election results. As investors flocked to the safety […]

April 18, 2022

China’s economy expanded more than expected in the first quarter, data from the National Bureau of Statistics revealed on Monday. Gross domestic product grew at a pace of 4.8 percent on a yearly basis in the first quarter. This was […]

March 17, 2022

The most important thing to remember about markets is that they’re all about expectations. When something is already expected, it will already be “priced in”. It doesn’t matter if it’s “good” news or “bad” news. If markets already knew it […]

March 4, 2022

Two China-based development banks have paused relations with Russia and Belarus as it continues to wage war against Ukraine, the Financial Times reported Thursday. According to the report, the decision of the Beijing-based Asian Infrastructure Investment Bank to pause investments […]

December 10, 2021

The medium term future for the aluminum price depends on China. How many times have we heard that before? Not just for aluminum but for a host of other base metals, too. But the reality is China is running a […]

October 22, 2021

The European Commission must launch talks with China to restart shipments of magnesium to ease severe shortages and avoid plant shutdowns that could hit millions of jobs, European industry groups said on Friday. China supplies about 95% of the bloc’s […]

September 24, 2021

According to a notice published on the central bank’s website, it will be illegal for Chinese residents to purchase cryptocurrencies from overseas and even be involved in marketing or technical support relating to crypto businesses. The authenticity of the announcement […]

August 30, 2021

It comes as no surprise that the COVID-19 pandemic is still reshaping economies around the world, especially with new variants of the virus emerging. Global shares have already seen a drop as investors are increasingly more concerned about a surge […]

August 19, 2021

Beijing’s crackdown on business that doesn’t support its policy goals suddenly looks like it might extend to luxury brands. Investors are only just waking up to the risks. On Tuesday, Chinese President Xi Jinping gave a speech about growing wealth […]

June 2, 2021

The annual spring rains bring many changes to southwestern China’s Sichuan province. Downpours transform the mottled landscape into lush emerald, while azaleas bloom and migrating cranes and storks begin the long journey back north. The rainfall also brings trucks stacked […]