A couple of minor technical problems called “business” and “life” have now intruded on my increasingly bogged down publication schedule that, in the interest...
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Posts Tagged ‘ China ’
May HSBC/Markit China PMI At 48.7
HSBC/Markit PMI fell from 49.3 to 48.7.
Large discrepancy between HSBC/Markit and “official” PMI.
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Copper Slumps as Euro-Area Crisis May Threaten Chinese Growth – BusinessWeek
Moneycontrol.comCopper Slumps as Euro-Area Crisis May Threaten Chinese GrowthBusinessWeekBy Agnieszka Troszkiewicz on May 23, 2012 Copper fell for a second day in New York on concern the euro-area debt crisis may threaten economic expansion in China, t...
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World Bank Says Asia Must Watch Prices as Growth Slows – Bloomberg
The Associated PressWorld Bank Says Asia Must Watch Prices as Growth SlowsBloomberg(Corrects to say commentary was May 21 in 12th paragraph.) The World Bank said policy makers in Asia's emerging economies must guard against inflation risks and be p...
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European ‘Crisis Tennis’ Again – CNBC.com (blog)
Wall Street JournalEuropean 'Crisis Tennis' AgainCNBC.com (blog)Another day of "crisis tennis." I know you're all obsessed with Facebook The markets have been rallying in the past day and a half on hopes that China and Europe woul...
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European Crisis Live: Cautious Rebound in Asia Lifts Markets Ahead of Summit – IBTimes.co.uk
IBTimes.co.ukEuropean Crisis Live: Cautious Rebound in Asia Lifts Markets Ahead of SummitIBTimes.co.ukBy Martin Baccardax: Subscribe to Martin's RSS feed The Euro pops past 1.2805 against the dollar as the tone improves across all asset classes. Pe...
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Brent steady near $109 ahead of EU summit, Iran talks – Reuters
Moneycontrol.comBrent steady near $109 ahead of EU summit, Iran talksReuters* EU leaders meet on Wednesday to tackle debt crisis * World powers due for nuclear talks with Iran on Wednesday * US crude stocks up, products unchanged last week - poll (Upda...
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Dry Bulk Weekly – May 21, 2012
Baltic dry index rose 0.3% last week; Capesize Index was up 1.2%; Panamax Index fell 3.6%; Supramax Index was down 0.4%; Handysize Index rose 3.7%.
Iron ore inventory at Chinese ports mostly flat, price moved lower on risk-off. Steel stockpiles fell f...
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Gold Extends Advance as Wen Comment Boosts Stocks – Bloomberg
Moneycontrol.comGold Extends Advance as Wen Comment Boosts StocksBloomberg(Corrects to platinum from gold in penultimate paragraph.) Gold climbed for a third day, gaining alongside equities and other commodities, before German and French leaders meet t...
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Home prices fall in 60% of big Chinese cities- Full Story
(via AFP) Prices for new homes in China fell in more than 60 percent of major cities in April from March, the government said Friday, as moves to curb the property market took effect. Out of 70 major cities tracked by the government, 43 registered month-on-month falls in house prices last month, although that…
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US imposes stiff tariffs on Chinese for ‘dumping’ solar panels – Los Angeles Times
New York TimesUS imposes stiff tariffs on Chinese for 'dumping' solar panelsLos Angeles TimesBy Don Lee WASHINGTON -- The US has decided to slap tariffs of 31% and higher on solar panels imported from China for “dumping” them in the America...
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Asian Stocks, Oil, Euro Fall on Europe Debt – Bloomberg
BloombergAsian Stocks, Oil, Euro Fall on Europe DebtBloombergAsian stocks, oil and copper fell, while bond risk climbed after Pacific Investment Management Co. said China faces slower growth ahead of a report that may show Europe's economy shrank f...
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Behavioral Macro – Why we misinterpret Chinese RRR cuts
A quick comment on China’s RRR cuts: The underlying mechanics of Chinese RRR cuts and their implications for the country’s monetary policy stance still seem to be misunderstood. A Chinese RRR cut is NOT like a rate cut in the developed world. And it does not necessarily signify an easing of the monetary policy...
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Asia is safe from Europe’s woes, says Fitch (via AFP) Full Story
Asia is safe from Europe’s woes, says Fitch (via AFP) Asian economies are better shielded from Europe’s financial woes than other regions and China is unlikely to undergo a “hard landing” despite recent gloomy data, credit watchdog Fitch said Monday. In a media telephone conference, the US-based firm’s head of Asia-Pacific sovereigns Andrew Colquhoun…
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Chinese Trade Balance Surplus Larger Than Expected In April
China trade balance was reported at USD 18.4 billion vs. USD 5.4 billion in December and USD 9.9 billion consensus. Export and import growth were running at 4.9 and 0.3 percent vs. 8.9% and 5.3% in March.
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Chinese Industrial Production Rose 9.3% In April
Industrial production in China rose 9.3 % y-o-y in April; March reading was at 11.9%. Consensus was at 12.2%.
Another bad piece of data.
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China Retail Sales Up 14.1% In April
China retail sales rose 14.1% y-o-y in April vs. 15.2% March reading. Consensus was at 15.1%.
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China Fixed Asset Investments Rose 20.2% In April
China fixed asset investments were up 20.2% y-o-y in April; March reading was at 20.9%. Consensus was at 20.5%.
Lowest reading since 2002.
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China April CPI Inflation At 3.4%; PPI Inflation At -0.7%
China Consumer Price Index was up 3.4% in April, vs. 3.4% consensus and 3.6% March reading. Food inflation rose fell from 7.5 to 7.0%.
China Producer Price Index fell to -0.7% from -0.3% in April. Consensus was at -.5%.
The chart looks outright bad.
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BMW profit up 18 percent on China, US – The Associated Press
BloombergBMW profit up 18 percent on China, USThe Associated PressBy DAVID McHUGH, AP Business Writer – 1 minute ago FRANKFURT, Germany (AP) — Booming sales in China and new versions of key models pushed automaker BMW AG's earnings higher by 18...
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Three Nice Conomic Charts From Rhoiders
Euro zone factories sank further into decline last month but manufacturers in Asia upped their tempo to meet growing demand from the United States and China, exposing a widening gulf between Europe and the rest of the world. via Three snapshots for Wednesday | Global Investing.
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MAP OF THE DAY: Global PMIs – Business Insider
Global manufacturing was deeply depressed in Europe while North America showed continued strength this April, new data out of Markit Economics shows. The firm released PMI readings for more than a dozen countries over the past twelve hours, with large declines across the euro area, as powerhouses like Germany succumbed to regional weakness. Notable...
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Taiwan Emerges From Recession – Wall Street Journal
AsiaOneTaiwan Emerges From RecessionWall Street JournalBy FANNY LIU And ARIES POON TAIPEI—Taiwan emerged from a technical recession in the first quarter as expected, but an uncertain outlook for its major trading partners—China, the US and Europe...
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April HSBC/Markit China PMI At 49.1
HSBC/Markit PMI rose from 48.3 to 49.1.
Large discrepancy between HSBC/Markit and "official" PMI. Looks like a slight overreaction by the markets (if we view this in isolation).
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Dry Bulk Weekly – April 23, 2012
Baltic dry index rose 9.8% last week; Capesize Index was down 2.5%; Panamax Index rose 28.4%; Supramax Index was up 9.0%; Handysize Index rose 4.1%.
Iron ore inventory at Chinese ports fell in the recent weeks; price pretty much unchanged. Steel stock...
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Make Up What Ever Suits Ya
True to the pattern of late, markets are trading higher on another completely contradictory report for the algos, this time out of China. The official PMI index surged to 53.1, an expansionary number, an eleven month high. Meanwhile HSBC reports its PMI number slid to 48.3. Is this some kind of April Fool’s joke? Here is Chinese electricity consumption, with...
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Dry Bulk Weekly – March 12, 2012
Baltic dry index rose 6.9% last week; Capesize Index was down 1.4%; Panamax Index rose 5.3%; Supramax Index was up 16.0%; Handysize Index rose 7.3%.
Iron ore inventory at Chinese ports close to all-time high; price pretty much unchanged. Steel stockpi...
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On FX and Notes from D.C.
Three weeks ago (Link) I put on a short EURUSD position at 1.3115. It worked for a few hours, and then went south. I sucked wind and damn near got to where I had to cut it at a loss. Today the market got back to where I entered, so I dumped it. While...
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Dry Bulk Shipping Hits All Time Low
Baltic dry index fell 10.9% last week and has reaching all-time low; Capesize Index was down 2.0%; Panamax Index fell 15.0%; Supramax Index was down 12.5%; Handysize Index fell 10.3%.
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The Madness of Crowds: How to Play Bonds, China, and Gold in 2012
Yes, I know that markets are irrational.
I read Charles Mackay's 1841 classic, "Extraordinary Popular Delusions and the Madness of Crowds" long before it ever became fashionable.
Even so, when you think about it, 2011 must set some kind of record.
As investors, that means we...
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Not So Happy New Year as Financial Disaster Finally Explodes in China
Russ Winter of Winter (Economic and Market) Watch, ML-Implode.com’s Aaron Krowne, and the Wall Street Examiner’s Lee Adler discuss breakdown in the China bubble and how to play the resulting investment theme. Lee updates the technical market outlook for 2012. This is a subscriber only podcast. If you are not a subscriber, click here...
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