Tag Archives: China

US stocks closed with little change on Monday, ending a strong July on upbeat company earnings and hopes of a soft landing for a resilient US economy. All three major stock indexes ended with gains for the month, ahead of a busy week of earnings reports from companies including Amazon.com …

More central bank decisions are in the pipeline for the new trading week, with live meetings at the Reserve Bank of Australia and the Bank of England. US data will continue in the spotlight with key employment data, including Nonfarm Payrolls. Canada and New Zealand will also release job market …

Crude Oil prices are undermining the Loonie and USD, with the USD/CAD pair experiencing a mixed trend. The commodity-linked Loonie is undercut as Crude Oil prices continue to rise to almost a three-month high.The US dollar has stalled its recovery move from the lowest level since April 2022, with profit-taking …

Oil prices edged lower on Wednesday, as investors took profits following earlier gains on tighter U.S. crude supplies and China’s pledge to reinvigorate its economic growth.Brent futures dipped 17 cents at $79.46 a barrel, while U.S. West Texas Intermediate (WTI) crude dropped 40 cents at $75.35 a barrel.Prices pared gains …

Chinese real estate developer Evergrande has disclosed losses of $81 billion over 2021 and 2022, underscoring the significant debts that remain a concern for the financial health of the Chinese property sector and the world’s second-largest economy. Evergrande’s total liabilities continued to grow in 2022, reaching $335 billion compared to …

After data on China’s economic growth disappointed, shares of energy companies dropped as oil futures started the week poorly. WTI was down some 1.5% at $74.00 from $76.05. Crude oil prices posted moderate losses on weaker-than-expected Chinese economic data and the restart of crude oil production in Libya as protesters …

US equities increased dramatically as a result of investors focusing on this week’s deluge of earnings reports and financial results rather than indications that China’s economic recovery is still far off.The Dow Jones Industrial Average increased by 0.2% and the S&P 500 increased by 0.4%. The tech-heavy Nasdaq Composite increased …

Muhammad Hashad, Director of Research and Development at Noor Capital and member of the US Association of Technical Analysts, commented, in an interview on Dubai TV, on the latest Chinese economic data issued earlier this morning, Monday July 17, and how this data has affected markets and trading as well …

The GBP/USD pair declines by 0.08% as investors flee to shelter in response to poor Chinese GDP statistics; the exchange rate drops below 1.3100. Despite indications of an impending UK recession, expectations of a 50 bps rate increase by the Bank of England in August keep things tense.Investors assess the …

The Canadian dollar is trades in volatile ups and downs against its US counterpart after hitting a technical ceiling and a decline in Oil prices. Oil falls from weaker-than-expected Chinese growth data for Q2 and the reopening of Libya’s largest Oil field. A thick knot of technical support levels just …