Markets

China’s manufacturing sector is under pressure as new export orders tank

Conditions for China’s manufacturing sector are getting worse again. The official manufacturing PMI fell to 49.4 points in May, below the 49.9 level expected by economists. It was the first time in three months that activity levels went backwards. New export orders placed at manufacturers and non-manufacturers both fell at […]
China’s manufacturing sector is under pressure as new export orders tank
Markets

These risks could actually deliver a trade deal between the US and China

Trade tensions between the U.S. and China are escalating again. Negotiations between the two sides have broken down and further tariff increases, beyond those already announced, are a growing risk. Credit Suisse says the renewed bout of tensions means “the global growth recovery that began a few months ago has […]
These risks could actually deliver a trade deal between the US and China
Markets

Asian markets are getting pummelled as the trade war reignites

The trade truce between the United States and China may be on the cusp of unravelling, and financial markets don’t like it one bit. Stocks are tumbling on Monday, especially in China. Commodities are also under pressure, as are currencies closely linked to the performance of the Chinese economy, such […]
Asian markets are getting pummelled as the trade war reignites
Markets

US stock futures are crumbling as trade tensions ignite

US President Donald Trump has threatened to increase tariffs on Chinese imports by the end of this week. US S&P 500 futures have tumbled 1.6% upon the resumption of trade. A trade deal between the two nations had been largely priced in by markets prior to today’s developments. US President […]
US stock futures are crumbling as trade tensions ignite
Markets

Copper prices are looking sick

Copper prices tumbled 3% on Wednesday to the lowest level since mid-February. The abrupt selloff began in Europe and kept on going. Market conditions were thin with many markets on holidays. US ISM manufacturing index fell to the lowest level since October 2016. The Commonwealth Bank says this “adds to […]
Copper prices are looking sick
Markets

Currency market volatility has been hard to find this year

There wasn’t much volatility in currency markets in early 2019. Expected volatility looking three months ahead fell to levels not seen since late 2014 in March. The calmness largely reflects a dovish shift from major central banks this year, most notably the US Federal Reserve and European Central Bank. If […]
Currency market volatility has been hard to find this year
Markets

The recession in German manufacturing is worse than we thought

The recession in German manufacturing is even worse than initial estimates, according to new purchasing managers’ index data. German factories are now reducing jobs. This could be as bad as it gets – new data from China suggests new trade orders are on their way. The German manufacturing sector “is […]
The recession in German manufacturing is worse than we thought