China accuses Washington of wanting ‘technology hegemony’
BEIJING (AP) — China’s government accused Washington on Tuesday of pursuing “technology hegemony,” following reports the United States might step up pressure on tech giant Huawei by blocking all access to American suppliers.The Biden administration is weighing further limiting the Chinese tech giant’s ability to purchase essential components from U.S. suppliers, which could restrict Huawei’s […]
Traders struggle to cheer China, IMF news, softer Oil price amid mixed details
Asia-Pacific equities trade mixed, grinding lower of late as traders remain cautious ahead of top-tier data/events. Upbeat China PMI, IMF growth forecasts join Covid-linked headlines to underpin bullish bias. Mixed concerns surrounding China, due to downbeat Industrial Profits, sour sentiment in India and hawkish BoJ talks probe equity buyers. S&P 500 Futures hesitate in extending […]
Upbeat China PMI, IMF growth forecasts probe bears around mid-0.7000s
AUD/USD picks up bids to challenge two-day downtrend. China official PMIs came in firmer for January, IMF revised up growth forecasts. Aussie Retail Sales, cautious mood ahead of the key data/events previously weighed on prices. US data eyed ahead of Fed meeting, risk catalysts are important too. AUD/USD probes the two-day downtrend while picking up […]
US Dollar Poised Ahead of Fed as China Returns. Where to for USD?
US Dollar, DXY Index, USD, Fed, FOMC, China, CSI 300, Hang Seng – Talking Points The US Dollar remains range bound as the Fed meeting looms An impending tightening by the BoE and ECB also clouds expectations China’s re-opening might provide a bright spot. Will that send the DXY index lower? Recommended by Daniel McCarthy […]
Goldman Sachs raise China equity index target, ‘reopening’ evolves into ‘growth recovery’
Goldman Sachs target China’s CSI300 to 4800 had previously set their target at 4500 GS says China is evolving from “reopening” to a wider “growth recovery” theme — UBS also, says “we continue to hold a positive view on the China market”, citing: herd immunity occurring faster than expected undemanding valuations policy support likely to […]
Crude Oil Price Firms as Markets Appraise Fed Hiking Against China Re-opening
Crude Oil, WTI, Brent, FOMC, Fed, BoE, ECB. OPEC+ China, Contango – Talking Points Crude oil prices found some support today as China returns from holidays Offsetting Chinese optimism, the Fed, BoE and ECB are set to hike this week OPEC+ will be meeting on Wednesday and contango remains in play for WTI Recommended by […]
Weekend: China to extend 3 lending tools for further targeted economic support
Sunday statement from the People’s Bank of China. China’s central bank says it’ll be rolling over three lending tools to extend sup[port measures for targeted sectors. a lending tool for supporting carbon emission reduction to the end of 2024 extend a relending tool for promoting the clean use of coal to the end of 2023 […]
The automotive battle to watch isn’t Tesla; it’s China vs the world
China is certainly seen as the manufacturing hub of the world but there’s one area of global production that’s largely untouched and it’s the biggest one: Automotive. There aren’t many countries where you would see an Chinese built or designed vehicle on the roads but that may soon change, and it could be far more […]
Bullish bets on Asian FX as easing of China COVID curbs boosts outlook
© Reuters. FILE PHOTO: Chinese Yuan banknotes are seen in this illustration picture taken June 14, 2022. REUTERS/Florence Lo/Illustration By Tejaswi Marthi (Reuters) – Bullish bets on the Singapore dollar and the Malaysian ringgit further consolidated to scale five-year highs as a fizzling U.S. dollar rally and China’s pivot from its strict COVID-19 curbs boosted […]
USOIL Rebounds as China Eases COVID Restrictions
USOIL, DAILY 2023 is likely to be a year of change, as the economy emerges from one of the most difficult periods of the 21st century. In 2022, interest rates were soaring globally, Inflation soared, there was chaos in the distribution of goods and services and war in eastern Europe. Perhaps this year, too, could […]