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Stocks: No end in sight for bear trend
List of negative forces weighing on investor sentiment grows larger
Iron ore feels the weight of demand concerns
Today we look at the ore cash market chart after it broke a key level of support on Monday.
Index in focus: A50 bears in control as COVID spreads in China
Why the COVID outbreak across the country may well get worse before it gets better...
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Copper selling intensifies on China
More than 2 years into the pandemic and Covid is still roiling financial markets.
Chinese yuan, stocks and commodities slump
Just when you thought the c-word was no more a thing for the markets…
China’s service PMI gets served, base metals lower
Covid reared its ugly head again on economic data, which saw China’s service PMI contract at its fastest pace since the pandemic.
XPeng Q4 preview: Where next for XPeng stock?
Markets believe XPeng could almost double delivery numbers in 2022 despite the challenging environment for the automotive industry.
Pinduoduo Q4 preview: Where next for PDD stock?
Pinduoduo is ploughing profits into a project to improve China’s agricultural industry but has admitted this will hit earnings over the short-term.
Tencent Music Q4 preview: Where next for TME stock?
The regulatory overhaul and increased competition in China has hit Tencent Music, but are things about to improve after Chinese stocks soared higher this week?
Why Alibaba, NIO and other Chinese stocks are surging higher today
US-listed Chinese stocks are trading significantly higher in premarket trade today after the Chinese government pledged to support financial markets and overseas listings.
Is USD/CNH set for a multi-month rally?
If current (and expected) yield differentials are anything to go by, the yuan looks quite overvalued. Especially in the context of ongoing growth concerns and geopolitical risks.
Luckin Coffee 2022 IPO: Everything you need to know about Luckin Coffee
Luckin Coffee, one of the largest coffee retailers in China, is relisting in the US via IPO after it was delisted in June 2020 during an accounting fraud scandal. Read about that scandal and how the company has changed since, ahead of Luckin’s relisting.
China A50 ponders reversal after state-backed intervention
Whilst China’s equity markets initially tumbled yesterday, rumours of the National Team supporting markets saw earlier losses quickly evaporate.
European Open: China’s GDP not as soft as expected
China’s growth data may not have been as good as it was, yet neither was it as bad as feared.
Asian Open: China’s GDP in focus today
The consensus view is for growth to have slowed in China’s GDP report today, leaving some to speculate that more stimulus could follow.
Have China’s producer prices peaked?
China’s producer prices softened from a 26-year high, begging the question as to whether a key inflationary input has peaked.
Asian Open: Higher Factory Prices Weigh on Sentiment, China CPI Up Next
Sentiment soured on Wall Street yesterday as strong producer prices in the US exacerbated concerns of higher consumer prices in today’s inflation report.
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Asian Open: China’s PMI Contracts for a Second Month
We have a busy calendar to kick the week off today, and eyes will be focussed on Caixin’s PMI data at 12:45 AEST given the official data slumped to a new pandemic low on Sunday.
Are China’s problems finally catching up? USD/CNH
It appears that the PBOC couldn’t keep the Yuan down any longer and may have “let it go” to take out stops below the market
European Open: Biden and Xi Are ‘Virtually’ Friends
Well, not quite. But they are having a virtual meeting, which is a single baby-step in the right direction.
US-China tensions on the rise again: Could USD/CNH be (re-)weaponized?
The two sides are nowhere near rolling back the tariffs that kickstarted the “trade war” three years ago...
European Open: Sentiment Improves with Biden – Jinping Call
Baby steps perhaps, but a simple phone call can make all the difference for markets as well, as equities rose overnight on hopes Sino-US tensions were easing.
European Open: China Services PMI Follows Manufacturing Lower
China’s strict lockdown measures have also seen the service sector contract, which points to slower growth for the world’s second largest economy.