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Hong Kong, China stocks advance as clearer Federal Reserve signal of lower interest rate buoys investors’ sentiments

Benchmark stock indexes of China and Hong rose, buoyed by short-term traders switching their investments back into selective financial stocks, as clearer signals this week from the US Federal Reserve about interest rate cuts lifted sentiments.The Hang Seng Index rose 0.1 per cent to 28,471.62, while the China Enterprises Index – which tracks the performance of Hong Kong-listed Chinese companies, was little changed at 10,788.34.In China, the CSI300 Index rose 0.6 per cent to 3,808.73 while the… Source link

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Stocks Blog: Markets feeling weight of US-China trade war, interest rate uncertainty

Good day, traders — US and Chinese trade negotiators made their first phone call since the high-stakes meeting between presidents Donald Trump and Xi Jinping last month in Japan, Bloomberg reports. That discussion was “constructive,” White House economic adviser Larry Kudlow said. The trade war continues to weigh on markets. Traders are also waiting for signals from Federal Reserve chairman Jerome Powell this week about the likelihood of rate cuts. And concerns linger on the mainland about… Source link

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China’s stock benchmark extends biggest drop in nine weeks as interest rate outlook and IPO glut weigh on sentiment

China’s stocks extended their steepest decline in nine weeks on Tuesday, as concerns about global monetary policies and increased stock supply continued to weigh on sentiment.The Shanghai Composite Index fell 0.2 per cent to 2,928.19. The benchmark had tumbled 2.6 per cent in the previous session on fears the Federal Reserve would not cut interest rates soon amid improved US jobs data and a slew of IPOs would drain liquidity.Hong Kong’s Hang Seng Index slid for a fifth session. It fell 0.8 per… Source link

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The global economy needs an end to the US-China trade war and increased spending on public services – not more interest rate cuts

The stage is set for another round of global interest rate easing very soon. Deal or no deal between the US and China in their fractious trade row, another US interest rate cut is on the cards.Whether it comes at the Federal Open Markets Committee meeting on July 31, or even whether it is entirely appropriate, is another matter. More monetary overload is waiting in the wings and world markets are lapping it up. It’s a shame it is not rubbing off on global manufacturing confidence. The Federal… Source link

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Stocks Blog: Strong US jobs report raises doubts about Fed interest rate cut

Good day, traders. Well, the US posted blowout jobs numbers on Friday, taking some pressure off the Federal Reserve to lower interest rates. Meanwhile, we had more protests Sunday against a proposal that would for the first time allow extraditions to mainland China. So far, those protest haven’t weighed heavily on the Hang Seng. But they have raised concerns about foreign investment and the overall business climate ahead in the city.  The stocks team will be watching markets closely and… Source link

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China 

Trade war may scuttle China’s interest to share ‘state secret’ company audit reports with US

Chinese authorities agreed this week to officially allow Hong Kong’s market regulator to see corporate financial records that are held on the mainland, marking another step to improve the financial transparency and accountability of Chinese companies listed in the city. But Beijing’s reaction to a similar situation with the US may be quite different under the complicated circumstances of the ongoing trade war, analysts said.Hong Kong’s Securities and Futures Commission (SFC) has for years been… Source link

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As global growth slows, the world needs a new Marshall Plan, not lower interest rates

Workers at Dazhou railway station in Sichuan province, China, inspect tracks, which serve as part of the Belt and Road Initiative freight rail route linking Chongqing in China to Duisburg in Germany, on March 14. China’s belt and road is a step in the right direction as it invests in infrastructure to boost regional growth. Photo: Reuters Source link

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Bitcoin climbs above US$11,000 amid renewed mainstream interest, but observers warn caution is warranted

Bitcoin traded above US$11,000 for the first time in 15 months, recouping more than half of the parabolic increase that captured the attention of mainstream investors before the cryptocurrency bubble burst last year.“The bounce-back of bitcoin has been fairly extraordinary,” said George McDonaugh, chief executive and co-founder of London-based blockchain and cryptocurrency investment firm KR1. “Money didn’t leave the asset behind, it just sat on the sidelines waiting to get back in.”Bitcoin… Source link

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Chinese asset buyers unfazed by Brexit drama show strong interest in acquiring British companies

The UK is emerging as a preferred destination for Chinese outbound investment as they shun the US amid the US-China trade war and tougher regulatory scrutiny, say investment bankers.According to Charles Maynard, founding partner of investment adviser BDA Partners, it is natural for the Chinese to look at the UK for M&A opportunities at this time given the state of relations between the world’s two most powerful economies.“Brexit or not, the UK is open for business,” said the London-based… Source link

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Global 

US economic outlook and Fed interest rate cut rest on Donald Trump’s meeting with Xi Jinping, analysts say

The outcome of next week’s meeting between Chinese President Xi Jinping and American counterpart Donald Trump at the G20 summit in Japan will play a major determining factor in the outlook for the economy in the United States and the prospects that the US Federal Reserve will cut interest rates in the next three to six months, analysts said.While the meeting is not expected to deliver a trade deal, Trump and Xi may break the current stalemate by agreeing to a tariff ceasefire as they did at… Source link

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