All posts in " Market Talk "
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Market Talk – November 27, 2019

By admin / November 27, 2019

ASIA: Chinese economic news today showed that industrial profits have had the biggest fall since 2011 in October. The trade war is the obvious culprit here with the global economy turning down. The industrial profits are down 9.9% year-over-year, and down 5.3% from September alone. US President Trump announced that he and President Xi of […]

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Market Talk – November 26, 2019

By admin / November 26, 2019

ASIA: Top US and Chinese negotiators held an agreement this morning regarding the trade war. The Chinese commerce ministry said they have reached a “common understanding.” They also jointly stressed that they are working on resolving core issues of common concern, and that communication will be open for the remaining issues related to “phase one.” […]

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Market Talk – November 25, 2019

By admin / November 25, 2019

ASIA: The recent elections in Hong Kong have given a landslide victory to pro-democratic parties. However, Beijing reiterated that Hong Kong will always be ruled by China. The foreign minister said at a G20 meeting in Tokyo, “No matter how the situation in Hong Kong changes, it is very clear that Hong Kong is a […]

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Market Talk – November 22, 2019

By admin / November 22, 2019

  ASIA: Chinese President Xi has said that he wishes to avoid a trade war with the US. However, he expressed if pushed too far he is willing to retaliate. “We want to work for a ‘phase one’ agreement on the basis of mutual respect and equality,” Xi told members of an international forum. This has […]

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Market Talk – November 21, 2019

By admin / November 21, 2019

ASIA: China dismissed ‘external’ rumors about the progression of the US-China trade deal, a Chinese ministry spokesperson has said. Reuters reported that the well anticipated “phase 1” of the deal may not be completed this year, as there are more demands from both sides. The US passed a legislation that will require the US to […]

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Market Talk – November 20, 2019

By admin / November 20, 2019

ASIA: The Peoples Bank of China cut its one-year and five-year loan prime rates by 5 basis points. Yesterday, the central bank ordered banks to use the lowered rate to help bolster the economy. The new rates are 4.15 % for the one-year and 4.80% for the five-year, with the growth rate of China hovering […]

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Market Talk – November 19, 2019

By admin / November 19, 2019

ASIA: China and South Korea entered into a defense agreement that could dent South Korea’s relationships with the US and Japan. The agreement will work on developing security ties and ensuring stability in the region. This comes about after China accused the US of meddling with affairs in the region. Recently US President Donald Trump […]

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Market Talk – October 21, 2019

By admin / October 21, 2019

ASIA: China and the US seem to have struck an agreement on how to proceed with the trade deal. Both countries acknowledge that continuing the trade war would not be beneficial to anyone. Over the weekend, Vice Premier Liu He said that the US and China were working at addressing each other’s core concerns – […]

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Market Talk – October 18, 2019

By admin / October 18, 2019

ASIA: There is some concern over the latest figures of Chinese unemployment, which shows that 10.97 million new jobs were created. This is very close to the full-year government target of 11 million. US President Trump often bashes China and suggests that the trade war is costing them dearly, with more than “3 million jobs” […]

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Market Talk – October 17, 2019

By admin / October 17, 2019

ASIA: The US and China seem to have different understandings regarding phase 1 of the trade deal. US President Trump was proud to suggest that China will be purchasing 50 billion USD worth of agricultural products. However, the Chinese Commerce Ministry did not mention a figure, but stated they will purchase according to the Chinese […]

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