Tag Archives: China

Western Texas Intermediate crude oil has dropped from 1% to 3%, extending its losses to three consecutive days. Mixed US data and weaker Industrial Production as well as Retail Sales from China keep producers uncertain of total oil requirements. The Iran nuclear deal agreement would free additional crude to the …

AUD/USD bulls move in to put the Aussie into the green for the day. China and recession worries flared up a flight to the US dollar. The AUD/USD pair has been pressured on Tuesday after weak global economic data, particularly in China, reignited global recession fears. The safe-haven US dollar …

Commodities traders are sitting on edge of their seats following the latest batch of Chinese economic data. Almost all commodity-related assets have been impacted. For example; oil prices plummeted by nearly 5% in early trading on Monday.In commodities, WTI drifts 3.5% lower to trade around $88, but at the time …

Auto sales in China rose 29.7 percent in July compared to a year ago to 2.42 million units, continuing the recovery that began in June, supported by the easing of Covid-19 restrictions and government incentives. Data released by the China Association of Automobile Manufacturers on Thursday showed that sales for …

Inflation in China rose in July to a two-year high, although weak consumer demand kept overall price pressures in check. The data of the National Bureau of Statistics released today, Wednesday, showed that the consumer price index rose by 2.7% on an annual basis during July, while it was expected …

Gold breached the coveted $1,800 per ounce on Thursday on accelerated geopolitical tensions between China and the United States. But Friday’s employment report could disrupt gold’s momentum, according to analysts. December gold futures rose $33 on Thursday, touching a daily high of $1,812. At the time of writing, gold trades …

Truth to tell US House Speaker Nancy Pelosi left Taiwan but the visit has put commodities and supplies in focus once again on the island’s critical role in the global chip supply chain and in particular on the world’s biggest chipmaker, namely, TSMC.The controversial visit, which angered Beijing, was a …

The People’s Republic of China decided to impose trade sanctions against Taiwan – as it had done against Australia – and targeted the island’s industrial sector, which enjoys political independence despite being a part of China. The General Administration of Customs of China suddenly announced the suspension of imports of …

US House Speaker Nancy Pelosi landed in Taiwan Tuesday evening, marking a significant show of support for Taiwan despite China’s threats of retaliation over the visit. Pelosi’s stop in Taipei is the first time a US House speaker has visited Taiwan in 25 years. Her trip comes at a low …

Starbucks on Tuesday reported better-than-expected quarterly earnings and revenue, despite lockdowns in China Here’s what the company reported for the quarter ended July 3 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: Here’s what the company reported for the quarter ended July 3 …