China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China’s trade suffers worst slump in 2-1/2 yrs as COVID woes, feeble demand take toll

China’s exports worst since Feb. 2020, miss forecast Imports fall steepest since May 2020 on sluggish demand Global economic slowdown, China’s COVID woes heap pressure Politburo meet points to domestic demand key driver in 2023, analyst says BEIJING, Dec 7 (Reuters) – China’s exports and imports shrank at their steepest pace in at least 2-1/2 … Read more

BIS warns of $80 trillion of hidden FX swap debt

BIS warns of  trillion of hidden FX swap debt

LONDON, Dec 5 (Reuters) – The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps. Dubbed the central bank to the world’s central banks, the BIS raised the concerns in its … Read more

European markets stay cautious after China eases pandemic measures

European markets stay cautious after China eases pandemic measures

LONDON, Dec 5 (Reuters) – European stock indexes opened slightly lower on Monday, finding little support from an easing of China’s domestic pandemic restrictions, after market sentiment was dampened by U.S. jobs data on Friday that raised fears of persistent inflation. Asian shares had been boosted early on Monday by hopes that China taking steps … Read more

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Stocks and oil buoyed by hopes of looser Chinese COVID curbs

Euro STOXX 600 gains around 0.5% before giving up ground Wall Street futures up Oil prices rebound on China hopes, talk of output cuts Dollar falls as investors seek riskier assets http://tmsnrt.rs/2yaDPgn LONDON, Nov 29 (Reuters) – Stocks and oil gained on Tuesday, buoyed by hopes that public unrest in China could spark an earlier … Read more

China’s anti-lockdown protests shake stocks and oil

China’s anti-lockdown protests shake stocks and oil

China announces record new local COVID cases Commodities caught in selling Dollar extends gains against yuan SYDNEY/LONDON, Nov 28 (Reuters) – Stocks and commodities prices suffered a broad sell-off on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs hit growth expectations in the world’s second-largest economy. Clashes between police … Read more

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

Canada launches new Indo-Pacific strategy, focus on ‘disruptive’ China

OTTAWA, Nov 27 (Reuters) – Canada launched its long-awaited Indo-Pacific strategy on Sunday, vowing more resources to deal with a “disruptive” China while working with the world’s second-biggest economy on climate change and trade issues. The 26-page document outlined C$2.3 billion ($1.7 billion) spending, including to boost Canada’s military presence and cyber security in the … Read more

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Stocks churn ahead of Fed minutes as oil tumbles on price cap plan

Fed minutes for November due at 1900 GMT U.S. Thanksgiving public holiday on Thursday Stock eke out slim gains globally Euro zone economic data points to recession China hit by rising COVID-19 infections LONDON, Nov 23 (Reuters) – Global shares churned on Wednesday ahead of minutes of a Federal Reserve meeting that could shed light … Read more

Asian stocks shaken by blast in Poland; dollar gains

Asian stocks shaken by blast in Poland; dollar gains

HONG KONG, Nov 16 (Reuters) – Asian stocks dropped and the dollar gained on Wednesday after a blast in Poland that Ukraine and Polish authorities said was caused by a Russian-made missile. Worries over a potential ratcheting up of geopolitical tensions spurred a drop of 1% in MSCI’s broadest index of Asia-Pacific shares outside Japan … Read more

Shares mixed on Fed warning, China acts on property

Asian stocks shaken by blast in Poland; dollar gains

https://tmsnrt.rs/2zpUAr4 Fed’s Waller plays down CPI as just one number Beijing lays out property support, COVID steps Biden to meet Xi at G20 meeting SYDNEY, Nov 14 (Reuters) – Asian share markets were mixed on Monday as a top U.S. central banker warned investors against getting carried away over one inflation number, while Chinese stocks … Read more

Asian shares fall ahead of U.S. CPI, crypto worries mount

Asian shares fall ahead of U.S. CPI, crypto worries mount

https://tmsnrt.rs/2zpUAr4 Dollar stays firm, crypto stokes spillover fears European markets set to open lower China mainland, Hong Kong shares battered by COVID case surge Focus on U.S. inflation for signs of slowdown in Fed rate hike SYDNEY, Nov 10 (Reuters) – Asian share markets pulled back on Thursday and the dollar held its overnight gains … Read more