China growth to be back on track soon
“The world’s second-largest economy is expected to quickly rebound because of the country’s optimized Covid-19 response and after its economic policies continue to take effect,” Bloomberg quotes an interview from Guo Shuqing, party secretary of the People’s Bank of China (PBOC), to People’s Daily published on Sunday. Additional comments As China’s government gives households and […]
Argentina and China formalize currency swap deal By Reuters
© Reuters. FILE PHOTO: A China yuan note is seen in this illustration photo May 31, 2017. REUTERS/Thomas White/Illustration BUENOS AIRES (Reuters) – Argentina and China have formalized the expansion of a currency swap deal, allowing the South American country to increase its depleted foreign currency reserves, the Argentine central bank said on Sunday. Argentina’s […]
China bought another 30 tonnes of gold in December 2022, following 32 tonnes in November
Information posted to the People’s Bank of China website over the weekend reported it increased its holdings of gold Gold Gold is the most widely traded and important commodity. Prized for its historical importance and used for trading an exchange of goods, the gold market today is estimated at nearly $2.4 trillion.The value of gold […]
Newsquawk Week Ahead: Highlights include US & China CPI, and US earnings season
Week Ahead January 9-14th: MON: Swiss Unemployment (Dec), German Industrial Output (Nov), EZ Sentix (Jan), Unemployment (Nov), Chinese Exports/Imports (Dec)TUE: EIA STEO; Norwegian CPI (Dec), US NFIB (Dec), Chinese M2 & New Yuan Loans (Dec)WED: Australian CPI (Nov)THU: Australian Trade Balance (Nov), US CPI (Dec), IJC (w/e 2nd Jan)FRI: ECB TLTRO Repayment Amount Publication; UK […]
World Wrestling Entertainment, Bed Bath & Beyond, Tesla, Costco
Chief Brand Officer and TV Personality of WWE, Stephanie McMahon delivers her keynote address at the opening of Sports Matters in conjunction with All That Matters 2016 in Singapore on September 14, 2016.Roslan Rahman | AFP | Getty ImagesCheck out the companies making headlines in premarket trading.World Wrestling Entertainment — Shares advanced 9.7% after Vince […]
China reportedly places first order for Australian coal since unofficial ban in 2020
That’s a positive sign for the aussie amid improved China-Australia relations at least. It is being reported that China Energy Investment Corp has placed an order to import Australian coal, with the cargo likely to be loaded before the end of this month. This relates to the headline from earlier this week here: ADVERTISEMENT – […]
Positive China News Lifts AUD
AUDUSD, Daily The December FOMC meeting minutes, were hawkish and supported the dollar. The minutes show policymaker’s aim to reduce inflation towards their 2% target, but are concerned that unreasonable easing in financial conditions, especially if driven by a misperception by the public of the committee’s reaction function, will complicate the committee’s efforts to restore […]
Tesla, Wynn, Traeger, Amazon and more
Tesla charging stations at a car showroom in the morning light. The expansion of the charging infrastructure is still not progressing as desired. Jan Woitas | Picture Alliance | Getty ImagesCheck out the companies making headlines in midday trading.Tesla – Shares of Tesla shed 12.2% after the company announced fourth-quarter vehicle deliveries that fell short of […]
Southwest, Peloton, Tesla, Herbalife and more
Southwest Airlines aircrafts are seen at Baltimore/Washington International Thurgood Marshall Airport (BWI) on December 22, 2021 in Baltimore, Maryland.Alex Wong | Getty ImagesCheck out the companies making headlines in midday trading.Southwest — Shares dropped 6% after the company canceled 70% of its scheduled flights and warned that mass disruptions would continue “for the next several days.” Airlines […]
Southwest, Tesla, Peloton and others
Check out the companies making headlines before the bell:China ADRs – Shares of China-based companies that trade in the U.S. rose in the premarket after the easing of Covid restrictions by the Chinese government. Among them: Alibaba (BABA) was higher by 1.5%, JD.com (JD) gained 2.2% and Pinduoduo (PDD) was up 2.1%.Southwest Airlines (LUV) – […]