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Interviewed by Dubai TV on Monday, Mohammed Hashad, Head of Research and Development at Noor Capital and the member of the US Association of Technical Analysts, commented on the most important developments in the global financial markets on the first day of this trading week. (I) ChinaAsked how the news …
Read More »China’s Jan-Feb commerce probably shrank again
A Reuters poll revealed on Monday that China likely once more exported and imported less in January and February than a year earlier, supporting authorities’ concerns that a weakening global economy might hinder domestic development. Exports are predicted to have decreased by 9.4% from a year earlier in January-February, which …
Read More »China opposes U.S. adding Chinese firms to trade blacklist
China opposes the United States adding several Chinese firms to its trade blacklist, China’s commerce ministry said on Friday. China urges the United States to stop using any excuse to suppress Chinese firms, the ministry said in a statement posted on its website. The U.S. Commerce Department, which oversees export …
Read More »Oil is stable and is heading to record weekly gains
Oil prices stabilized today, Friday, on their way to recording weekly gains, as renewed optimism about the recovery of demand from China offset the impact of growing recession fears due to the increase in US crude inventories and tightening monetary policy in Europe. And by 0936 GMT, Brent crude futures …
Read More »Oil stabilizes amid optimism on Chinese demand
Wednesday saw a modest increase in oil prices as evidence of sufficient supply, notably rising U.S. crude stocks, outweighed rising expectations for higher demand following an increase in manufacturing in the world’s biggest petroleum importer China.Brent crude futures ended the day at $84.31 per barrel, up 86 cents or 1%. …
Read More »China’s Caixin Manufacturing PMI expands to 51.6 in February
China’s Caixin Manufacturing PMI returns to expansion with 51.6 in February vs. 50.2 expected and 49.2 previous, courtesy of the renewed increases in output, new orders and employment. Wang Zhe, Senior Economist at Caixin Insight Group said, “The recovery in manufacturing activity came as the most recent wave of Covid-19 …
Read More »WTI reverses Monday’s losses on expectations of China’s reopening
Despite mounting rumours that the Fed will keep tightening monetary conditions, WTI crude oil rose 1.90% on Tuesday in response to new hopes for oil demand as a result of China’s reopening. WTI has therefore reached a low of $75.60 and is currently trading at $77.11, up from its opening …
Read More »Officials: China’s economic recovery is not strong yet
China’s state media quoted officials as saying on Tuesday that the foundation of the country’s economic recovery has not yet reached strength and that various unforeseen factors may occur at any time. The New China News Agency (Xinhua) quoted the statement of the Central Committee of the Communist Party of …
Read More »Washington to ease limits on US investments in China
According to expectations, US President Joe Biden will consider the suspension of extensive limits on US investment in China that have been proposed by some hawks in his administration and Congress. According to Politico, White House negotiations have been taking place as US President Biden scales back plans for an …
Read More »Reuters: U.S., China to hold deputy-level bilateral talks on debt
The United States and China will hold deputy-level talks between their finance officials on Friday to discuss debt and other issues on the sidelines of a G20 finance meet in India, two sources familiar with the matter told Reuters. U.S. Treasury Secretary Janet Yellen said on Thursday, ahead of a meeting …
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