IN THE OVERNIGHT 6 SEPTEMBER
Pretty RED out there TOP STORIES OVERNIGHT Soaring US Dollar Raises Alarm as China, Japan Escalate FX Pushback-BBG The renewed advance in the US dollar is sending Asian currencies to multi-month lows and keeping the euro under pressure, while prompting authorities in Japan and China to step up defense of their beleaguered exchange rates. Japan […]
IN THE OVERNIGHT 5 SEPTEMBER
Mixed Markets TOP STORIES OVERNIGHT China Services Ease in Knock to Recovery, Survey Shows-BBG A private survey of China’s services sector showed activity expanded at the slowest rate this year in August, as the economy’s darkened outlook and ongoing property turmoil hold people back from spending. The Caixin services purchasing managers’ index fell to 51.8 last month […]
WEEKEND PREP 3 SEPTEMBER
Last week was all about the labor market JOLTS 1. Job openings and quits rate are falling. Two key leading indicators of the labor market — job openings and the quits rate — are showing signs of rolling over. This past week, the JOLTS (Job Openings and Labor Turnover Survey) data for July fell to […]
IN THE OVERNIGHT 1 SEPTEMBER
NFP DAY!! Asia GREEN ..Europe Mixed TOP STORIES OVERNIGHT China Ramps Up Campaign to Boost Fragile Economy, Currency-BBG China intensified efforts to stimulate the economy and support its currency, as investor concerns over the growth outlook persist. The central bank will trim the amount of foreign currency deposits banks are required to hold as reserves […]
IN THE OVERNIGHT 31 AUGUST
Mixed Markets TOP STORIES OVERNIGHT China’s Factory Activity Sparks Hope Slump Is Bottoming Out-BBG China’s manufacturing contraction eased slightly in August and a gauge of new orders improved, providing some hope that the worst of the sector’s slump may be ending. The official manufacturing purchasing managers’ index rose to 49.7, topping estimates and edging closer to the […]
IN THE OVERNIGHT 30 AUGUST
Mixed markets Asia….RED in Europe TOP STORIES OVERNIGHT PBOC Drafts Policy to Give Private Firms More Access to Funding-BBG The People’s Bank of China is drafting preliminary policies to give private businesses better access to funding as authorities ramp up efforts to boost economic growth. Central bank leaders and officials from other financial watchdogs met […]
IN THE OVERNIGHT 29 AUGUST
Pretty GREEN out there! TOP STORIES OVERNIGHT China Banks to Cut Rates on Mortgages, Deposits in Stimulus Push-BBG China’s state banks are throwing nearly all they have at seeking to boost consumer spending, directed by policymakers who are digging deeper into their toolkit to shore up growth in the world’s second-largest economy. As soon as […]
IN THE OVERNIGHT 25 AUGUST
Powell at Jackson Hole LINK to live stream at 10:05 AM ET Another bad day for China TOP STORIES OVERNIGHT China Stimulus Rally Lasts Just 10 Minutes, Showing Trader Gloom -BBG A short-lived rally in Chinese stocks after Beijing’s latest attempt to shore up growth is underscoring the depth of investor pessimism toward the world’s second-largest economy. […]
IN THE OVERNIGHT 24 AUGUST
Pretty Green out there TOP STORIES OVERNIGHT China’s Consumer Sentiment Starting to Improve, Surveys Show-BBG Chinese consumer sentiment improved in August, snapping several months of decline, though it remains weak compared to earlier in the year, according to two surveys. Economists will be watching closely if the trend continues since consumption, a key driver of China’s […]
IN THE OVERNIGHT 23 AUGUST
NVDA Earnings after the bell Pretty Green again out there …except Mainland China TOP STORIES OVERNIGHT‘ Global Funds Abandon China Blue Chips in $11 Billion Selloff-BBG Global investors have been shedding China’s blue-chip stocks during the longest stretch of outflows on record, showing even the nation’s industry leaders are falling out of favor as a […]