Tag Archives: China

U.S. index futures point slightly lower open. Asian shares rose while stocks in Europe fell as energy producers got caught in a downdraft in oil prices and reversed an earlier gain after Goldman unexpectedly warned that WTI could slide below $40 absent "show and awe" from OPEC. The dollar rose, hitting a four-month high against the yen and bonds and top emerging market currencies were back under pressure on Tuesday, following last week’s hawkish rhetoric from central bankers. Nonetheless,...

Orange, blau, gelb: Die Mietvelos können mit dem Handy aufgeschlossen werden. Foto: Jason Lee (Reuters) Wer derzeit eine Grossstadt in China besucht, dem wird eines auffallen: Fahrräder. Sie sind überall. Nein, nicht die alten Drahtesel, die einst das Bild in vielen chinesischen Städten prägten, sondern nagelneue, moderne, farbenfrohe Fahrräder: orange, gelbe, blaue, grüne, silberne Velos. Sie stehen zu Tausenden an Kreuzungen, in Pärken, auf Trottoirs. Studenten kurven auf ihnen durch...

Orange, blau, gelb: Die Mietvelos können mit dem Handy aufgeschlossen werden. Foto: Jason Lee (Reuters) Wer derzeit eine Grossstadt in China besucht, dem wird eines auffallen: Fahrräder. Sie sind überall. Nein, nicht die alten Drahtesel, die einst das Bild in vielen chinesischen Städten prägten, sondern nagelneue, moderne, farbenfrohe Fahrräder: orange, gelbe, blaue, grüne, silberne Velos. Sie stehen zu Tausenden an Kreuzungen, in Pärken, auf Trottoirs. Studenten kurven auf ihnen durch...

Chinese trade statistics were for May 2017 better than expected by economists, but on the export side questions remain as to their accuracy. Earlier this year discrepancies between estimates first published by the General Administration of Customs (GAC), those you find reported in the media, and what is captured by the National Bureau of Statistics (NBS), backed up by data from the Ministry of Commerce, became...

After a tumultous week in the world of politics, with non-stop Trump drama in the US, a disastrous for Theresa May general election in the UK, and pro-establishment results in France and Italy, this is shaping up as another busy week ahead with multiple CB meetings, a full data calendar and even another important Eurogroup meeting for Greece. Wednesday’s FOMC will be the main event, with the Fed expected to hike 25bp...

Both US manufacturing PMI’s underwhelmed just as those from China did. The IHS Markit Index was lower than the flash reading and the lowest level since last September. For May 2017, it registered 52.7, down from 52.8 in April and a high of 55.0 in January. Just by description alone you can appreciate exactly what pattern that fits. The ISM Manufacturing PMI was slightly higher in May than April, 54.9 versus 54.8, but...

China’s PMI’s were uniformly disappointing with respect to what Moody’s was on about last week. Chinese authorities expended great effort and resources to get the economy moving forward again after several years of “dollar”-driven deceleration. There was a massive “stimulus” spending program where State-owned FAI expenditures of about 2% of GDP were elicited to make up for Private FAI that at one point last year was...

On this holiday weekend known here in the U.S. as Memorial Day, I would like to make a slight turn in the narrative that many give little to no attention too, yet, is one of the most important underlying principles or fundamentals which helped shape, lift, mold, sustain, and create one of the world’s greatest economic powerhouses bar none. That “turn” is in remembering: The liberty to create, and own, one’s own...

On March 24, 2009, then US President Barack Obama gave a prime time televised press conference whose subject was quite obviously the economy and markets. The US and global economy was at that moment trying to work through the worst conditions since the 1930’s and nobody really had any idea what that would mean. As President, Obama’s main task was not to deliver specifics about auto lending or the inner workings at...

Swiss Franc EUR/CHF - Euro Swiss Franc, May 24(see more posts on EUR/CHF, ) - Click to enlarge GBP/CHF Labour gains ground The Conservatives were in a very strong position following the election announcement. A snap election historically causes the currency in question to weaken, but on this occasion the opposite occurred. A Torie victory is deemed to be positive for the UK economy. Investor confidence grew and...