U.S. “concerned” as South Africa to hold war games with Russia, China on Ukraine invasion anniversary
Johannesburg — Next month, on the one-year anniversary of the start of Russia’s full-scale invasion of Ukraine, South Africa will be hosting Russian and Chinese forces for a joint naval exercise. The timing of the drills — which were apparently planned during Russian President Vladimir Putin’s unprovoked assault on Ukraine — have the U.S. “concerned,” […]
US confronts China with evidence suggesting some SEOs assist Russia war effort in Ukraine
Bloomberg (gated) has the report: The Biden administration has confronted China’s government with evidence that suggests some Chinese state-owned companies may be providing assistance for Russia’s war effort in Ukraine, as it tries to ascertain if Beijing is aware of those activities, according to people familiar with the matter. support consists of non-lethal military and […]
Economic calendar in Asia 24 January 2023 – note China, Singapore & Hong Kong mkt holidays
There are plenty of market holidays across Asia all this week, the full list is here: On the data agenda we’ll get PMIs: for services in New Zealand for December preliminary indications from Australia for January preliminary indications from Japan for January Of most focus will be the business confidence and conditions data from Australia. […]
Asia FX rises in holiday trade as China recovery bets grow By Investing.com
© Reuters. By Ambar Warrick Investing.com — Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most markets closed for the […]
China is on holiday all next week. Hong Kong and Singapore also for around half of it.
A heads up for Asian timezone holidays coming up next week. There are a lot of them. Singapore and Hong Kong are major forex trading centres so their absence will create a big hole in FX market liquidity. China is the world’s second-largest economy and while not a major centre for global forex trade their […]
Crude Oil Holds Gains On Hopes For China Demand Rebound
Crude Oil Price, Analysis, and Chart US Crude prices continued their run of gains Hopes for economic revival in China and, perhaps the US, keep tight supply in focus The $82 region looks key now Recommended by David Cottle Get Your Free Oil Forecast Crude oil prices continued to find robust support in hopes for […]
More favourable China’s economic prospects after abandoning zero-Covid policy – Rabobank
On the 7th of December China surprised friend and foe with an abrupt zero-covid U-turn. This year’s forecast has considerable up- and downside risks. Still, economists at Rabobank believe that from a medium-term perspective, China’s economic prospects have become more favourable after abandoning zero-Covid policy. A pivotal pivot? “While from a long-term perspective China’s decision […]
China Outlook Still Driving Platinum Prices
Platinum, Daily The USDIndex has fallen considerably in recent months and developments in China have been a driver of this trend alongside market expectations of a cooling Fed stance. The lifting of restrictions in China throughout November, followed by an optimistic market mood on how the global economic outlook could turn out, added to the […]
Vedanta to sell its foreign zinc assets to Hindustan Zinc for $2.98 bn
Metals and mining major Vedanta on Thursday said that its board had approved the sale of its international zinc assets in South Africa and Namibia to subsidiary Hindustan Zinc (HZL) for $2.98 billion. In a disclosure to the stock exchanges, Vedanta said the transaction would be an all-cash […]
Risks still tilted to the upside on the back of positive external developments – ING
Australia’s dismal jobs data weighed on the Reserve Bank of Australia’s (RBA) rate hike expectations, smashing AUD/USD. However, economists at ING maintain a bullish bias. Too early to make strong calls about the end of the RBA hiking cycle “The Australian Dollar has come under pressure after a surprise contraction in employment in December, which […]