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REPORT: China's central bank emailed the Fed for advice on how to stop its...
On July 27, the People's Bank of China was facing a crisis in confidence. After rallying by more than 150% in the preceding 12 months, China's stock market was crashing before its eyes.From the peak of...
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WESTPAC: It's looking a lot like 2015, and that bodes well for the US dollar
On the back of lowered expectations for US rate hikes in the year ahead, courtesy of a series of economic downgrades and dovish commentary from the US Federal Reserve at its most recent policy meeting,...
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BARCLAYS: Extreme financial market volatility is here to stay
It’s been an eventful period for financial markets so far in 2016. The first six weeks were tumultuous to say the least. Risk assets were pummeled, dragged down by fears for the global economy, led...
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A ban on short selling in China has been lifted, and stocks are under pressure
Short selling in China’s stock market is back.According to a report from Reuters, citing Chinese state-run media, 35 domestic brokerages have been granted approval to resume the practice that was...
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China says its currency is stable, but this chart begs to differ
Li Keqiang, China’s premier, stated on Thursday that China’s currency, the renminbi, will remain stable, noting that there was no basis for a long term depreciation of its value given it would not help...
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Chinese industrial companies are profitable again
Chinese industrial profits grew by 4.8% to 780.7 billion yuan ($US119.8 billion) in January and February compared to the same period a year earlier, marking the first annual increase recorded in seven...
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This world-beating fund manager reckons China's currency rout is over
If you’re betting on further weakness in the Chinese renminbi, perhaps you should think again.On the back of China’s massive current-account surplus, efforts from the the People’s Bank of China (PBOC)...
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Japan's economy just received some rare good news as household spending rebounds
There was some rare good news for the Japanese economy on Tuesday with household spending figures for February topping expectations.According to the government, household spending rose by 1.2% in the...
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China is looking to take the heat out of its hottest housing markets
House prices in the Chinese cities of Shenzhen and Shanghai have soared over the past 12 months, rising by 57% and 21% respectively.The enormous price acceleration, buoyed by a raft of government...
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Chinese consumers are feeling a lot more confident
Chinese consumer confidence ripped higher in March, rising to the highest level seen since September last year.The latest Westpac-MI consumer sentiment index jumped by 6.1% to 118.1, led by greater...
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Japanese factory output just took its largest hit since the 2011 tsunami
Japanese industrial output cratered in February, recording the largest monthly contraction since the devastating earthquake and tsunami that crippled the Japanese economy in March 2011.According to the...
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The Asian Development Bank now sees slower economic growth in emerging nations
Continuing on a now well-worn path of groups downgrading economic growth forecasts, the Asian Development Bank (ADB) today lowered its GDP forecast for developing Asian nations in 2016 citing a weak...
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All emerging markets in Asia are going to slow down this year
Continuing on a now well-worn path of groups downgrading economic growth forecasts, the Asian Development Bank (ADB) today lowered its GDP forecast for developing Asian nations in 2016 citing a weak...
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ANZ: It's been chewed up and spat out, but a US dollar comeback is on the cards
After a stellar run in recent years, the US dollar has been in the wars of late.Weighed down by a slower-than-expected rate tightening schedule from the US Federal Reserve, improved sentiment towards...
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CHART: The US is awash with crude oil
US crude oil inventories continued to swell last week, rising by an additional 2.3 million barrels (mmbbl) to 534.8 mmbbl, leaving inventory levels near highs not seen in the past 86 years.The chart...
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The rebound in the Chinese renminbi won't last
After a rough start to 2016, the Chinese renminbi has found its footing in recent weeks, rallying against the US dollar after hitting a fresh five-year low of 6.5945 on January 7.Recent strength in...
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S&P says China could be downgraded later this year
Credit rating agency Standard and Poor’s has revised their outlook for China’s sovereign credit rating to negative from stable because it believes the country’s “economic rebalancing is likely to...
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China's manufacturing sector bounces back
Activity levels across China’s manufacturing sector expanded for the first time in eight months in March, according to a report from China’s National Bureau of Statistics (NBS).The government’s...
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Japanese business sentiment hasn't been this gloomy in years
Sentiment among Japan’s largest manufacturing firms fell to a three-year low during the March quarter, dragged lower by concerns surrounding profitability due to the strengthening Japanese...
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CHART: There are signs of life in Asia's manufacturing sector
While it’s far too early to say it’s the start of a longer trend, Asia’s manufacturing sector is looking a lot better than it was just a few months ago.The chart below shows how each major Asian nation...
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