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Tag: PBOC

Yuan’s fall extends to a fourth straight day

PBOC weakens yuan by most in two years at daily fix China’s central bank weakened the yuan by the biggest single daily devaluation since June 2016. While the direction of spot USD/CNH could in some way be attributed to the rampant US dollar, there is some conjecture in the market that the devaluation is part […]

Stocks decline on trade worries; oil rallies

Wednesday June 27: Five things the markets are talking about Lingering concerns about trade is keeping global equities muted, although gains in oil prices have been supporting stocks of oil-and-gas companies. Crude prices have built on yesterday’s gains after the U.S. stepped up its pressure on Iran. West Texas Intermediate crude is trading atop of […]

Yen stays bid despite better risk sentiment

Most Asian equities extend Wall St late gains Comments from White House Trade Adviser Navarro, who said” we have no plans to impose investment restrictions” introduced another level of confusion in the ongoing trade tariff spat, but at least it seemed to soothe sentiment and give markets reason for pause from the recent risk-off selling. […]

China cuts RRR as trade war escalates

China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms. The reserve reduction, the third by the central bank this year, had […]

TRY thumped after Erdogan win

Monday June 25: Five things the markets are talking about Global stocks remain under pressure, as investors continues to analyse the impact of a trade spat between the world’s two largest economies – U.S and China. Markets are beginning to get very nervous by the prospect of a full-blown trade war, and this despite the […]

China’s liquidity boost tempered by trade war jousting

China increases liquidity China’s central bank announced on Sunday a 50bps reduction of reserve ratio requirements for some banks effective July 5, according to its website update. This is the third reduction this year and suggests a liquidity boost of about 700b yuan (approximately $108b) for the local banking system. The central bank says it […]

Stocks, EUR rally on data; oil higher ahead of OPEC meet

Friday June 22: Five things the markets are talking about Euro equities are on the rise, along with U.S stock futures, as Euro manufacturing and services data this morning beat analysts’ expectations, dragging along with it the EUR (€1.1667). Crude oil prices start Friday better bid, after OPEC and its allies are rumoured to have […]

Oil falls -2% as OPEC nears deal to raise production

Thursday June 21: Five things the markets are talking about Currently, there are many moving parts that are keeping capital market players on their toes. President Trump and Chancellor Merkel continue to deal with immigration policy worries, while trade and tariffs tops most central bankers and other leaders’ agendas. Overnight, the U.S dollar remains better […]

Stocks snap five-day losing streak on PBoC policy expectation

World stocks steadied near three-week lows on Wednesday and Chinese markets bounced after recent sharp falls as expectations grew that policy stimulus by Beijing could temper some of the impact from an escalating Sino-U.S. trade conflict. The dollar too eased off 11-month highs against a currency basket .DXY, Wall Street looked set for a stronger […]

Risk off moves supported by tit-for-tat trade dispute

Tuesday June 19: Five things the markets are talking about The trade dispute between the two economic superpowers, U.S and China, is getting ugly very quickly and has triggered a global sell-off of riskier assets and flight toward safe haven assets. The fallout is pressuring global equities and providing support for U.S treasuries, gold and […]