Markets

China just ‘all but abandoned hopes for a trade deal with the US’

China’s central bank let its currency slip to it’s lowest value since 2008, which one economist says is a move to “weaponize” the currency. Previously China kept its currency above the 7-per-dollar threshold. Capital Economics says China’s latest currency move is a bad sign for any trade deal. View Markets […]
China just ‘all but abandoned hopes for a trade deal with the US’
Markets

China’s gold-buying spree continues as central-bank market booms

China’s central bank increased its gold reserves in March for the fourth consecutive month, continuing a major spree in buying of the precious metal. People’s Bank of China figures cited by Bloomberg indicate the central bank increased reserves to 60.62 million ounces in March. Gold’s attractiveness has increased as the […]
China’s gold-buying spree continues as central-bank market booms
Markets

Chinese stocks are getting walloped

Chinese stocks have been hammered upon the resumption of trade following a week-long holiday. Large-cap stocks in Shanghai have shed close to 4% despite moves from Chinese policymakers to shore up economic growth. The onshore Chinese yuan has also fallen sharply, mirroring a similar move in the offshore traded yuan […]
Chinese stocks are getting walloped
Markets

Chinese inflation picks up on the back of higher food prices

Chinese consumer prices grew by 2.3% in the year to August, the fastest increase since February. Higher food prices contributed to the acceleration. Producer price inflation moderated, growing by 4.1% from 4.6% in the year to July. This is seen to be a reasonable lead indicator for global inflationary trends. […]
Chinese inflation picks up on the back of higher food prices
Markets

The Australian dollar remains a sell-on-rallies prospect

The Australian dollar remains range-bound, failing again to sustain an early rally on Monday. Higher US bond yields, along with signs of further divergence between US and Chinese monetary policy settings, helped to support the greenback on Monday to the detriment of the Aussie dollar. Flash PMI reports dominate the […]
The Australian dollar remains a sell-on-rallies prospect
Markets

Everything is fine and dandy in Chinese financial markets

Chinese stocks and yuan were getting smoked earlier in Friday’s session. However, that all turned around midway through the session with both suddenly reversing to sit higher for the session. Chinese state-owned banks were reportedly selling US dollars to support the yuan. Everything is fine and dandy in China’s economy. […]
Everything is fine and dandy in Chinese financial markets