All posts in " Market Talk "
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Market Talk – September 17, 2019

By admin / September 17, 2019

ASIA: There are ongoing concerns regarding how the Chinese slowdown and rising oil prices will impact global economy. There was no real news emanating regarding progress with the US-China trade deal. However, due to the shortages of US pork, China announced they will release 10,000 MT of pork from its central reserves this week in […]

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Market Talk – September 16, 2019

By admin / September 16, 2019

ASIA: Chinese foreign ministry spokesperson Hua Chunying was quick to dispel rumors that Iran was responsible for the drone attacks on the weekend. “In the absence of conclusive investigation and results, we don’t think it is responsible to blame anyone,” a spokesperson said. “Our position is that we are against any action that aggravates or […]

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Market Talk – September 13, 2019

By admin / September 13, 2019

ASIA: Hong Kong’s $37 billion bid to takeover the London Stock Exchange (LSE) was rejected this Friday. The LSE board unanimously rejected the bid due to “fundamental flaws.” Hong Kong Exchanges and Clearing (HKEX) had hoped the deal would “create a truly global market infrastructure group connecting the East and West.” Recent reports suggest that […]

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Market Talk – September 12, 2019

By admin / September 12, 2019

ASIA: US President Trump announced today that they will delay any tariffs on around 250 billion USD worth of Chinese goods as a “gesture of goodwill” ahead of the talks next month. China yesterday announced they will remove tariffs on 17 US products ranging from medicine to produce. According to a White House official, they […]

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Market Talk – September 11, 2019

By admin / September 11, 2019

ASIA: Finally, some positive news from the US and China trade war as China announced they will exempt 16 categories of products from US tariffs today ahead of the meeting early next month. The two main categories of products were seafood and medicines related to cancer, perhaps looking at these products as more of a […]

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Market Talk – September 10, 2019

By admin / September 10, 2019

ASIA: In a strategy to open Chinese markets to the international investors, China scrapped the rule that limits international funds to purchase Chinese stocks and bonds. The State Administration of Foreign Exchange said today that it has removed the 300 billion USD cap on international purchases of the assets. This is a significant step in […]

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Market Talk – September 9, 2019

By admin / September 9, 2019

ASIA: US Treasury Secretary Steven Mnuchin said today that the US and China has a “conceptual” agreement on enforcement concerns, stating positive progress has already been made. He did also mention an area of concern which is Chinese currency practices, and confirmed it will be a topic of focus when the two countries officials meet […]

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Market Talk – September 6, 2019

By admin / September 6, 2019

ASIA: China took more action to boost its economy by reducing the amount of cash banks have in reserve. The PBC said it would reduce the reserve requirement ratio for most financial institutions by 50 basis points. The first in the over eight months. The step is expected to release nearly a trillion yuan into […]

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Market Talk – September 5, 2019

By admin / September 5, 2019

ASIA: There was a somewhat successful call yesterday between US Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He. The call concluded that the US and China will resume trade talks in person at the beginning of October. In the run-up to the event, the two countries will hold a discussion in order to […]

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Market Talk – September 4, 2019

By admin / September 4, 2019

ASIA: China today has officially filed a complaint with the World Trade Organization (WTO) as the US raised tariffs from 10 to 15 percent over the weekend on 300 billion USD worth of Chinese goods. China has asked for the WTO to act as a mediator to convince the US to reduce or end the […]

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