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ASX up 1.26% higher at noon: Gold miners experience surge
At noon, gold miners experienced a significant surge in value as traders revised their expectations for risk-free rates due to cooling US inflation and a decline in bond yields. Northern Star saw a substantial increase of 4.4 percent. Newcrest also witnessed a notable gain of 4 percent. At noon, the S&P/ASX 200 is 1.26 per cent higher at 7,225.90. The SPI futures are pointing to a rise of 62 points. Best and worst performers All sectors are in the black. The best-performing sector is REITs, up 2.15 per cent. The sector with the fewest gains is Utilities, up 0.57 per cent. The best-performing large cap is ... (full story)
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A bruised dollar was nudged lower still in Asia on Thursday, as traders took surprisingly slow U.S. inflation as a signal U.S. interest rate rises will be all but finished by ...
Ahead of the June trade figures the Customs Bureau have released January - June collated data, in CNY terms: • Exports +3.7% y/y. • Imports -0.1% y/y. • A CNY 2.82 tln surplus. Customs says: Sluggish global economic growth, slowing global trade and investment, geopolitical risks and weakening external demand continue to impact China's trade Still to come are the June month numbers, scheduled at 0300 GMT, which is 11pm US Eastern time. This time its a ballpark though, the actual release time does vary. table post at 10:33pm: #China's bilateral foreign #trade with #US reached 2.25 tn yuan in first half, sliding 8.4% y/y, accounting for 11.2% of China's total trade - customs administration https://t.co/haGgRmRP6L https://t.co/BaVLglnCI4 post at 10:09pm: CHINA CUSTOMS: SLUGGISH GLOBAL ECONOMIC DEVELOPMENT, DECREASING GLOBAL TRADE AND INVESTMENT, GEOPOLITICAL UNCERTAINTIES, AND DECLINING EXTERNAL DEMAND CONTINUE TO HAVE AN INFLUENCE ON CHINA'S TRADE. post at 10:21pm: CHINA CUSTOMS: CHINA IS CONFIDENT IT CAN CONSOLIDATE ITS MARKET SHARE IN GLOBAL TRADE THIS YEAR
Mr. Kishida Fumio, Prime Minister of Japan, who was visiting Vilnius, Lithuania to attend the NATO Summit held a Japan-Australia-New Zealand-ROK Leaders’ Meeting with the Hon. ...
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post at 11:51pm: China Trade Balance (USD) Jun: 70.62B (est 74.80B; prev 65.79B) - Exports (Y/Y): -12.4% (est -9.5%; prev -7.5%) - Imports (Y/Y): -6.8% (est -4.0%; prev -4.5%) post at 11:51pm: China Trade Balance (CNY) Jun: 491.25B (prev 452.33B) - Exports (Y/Y): -8.3% (prev -0.8%) - Imports (Y/Y): -2.6% (prev 2.3%)China’s June Trade Balance: Surplus widens amid exports slump China's Trade Balance for June, in Chinese Yuan terms, came in at CNY491.25 billion versus CNY452.33 billion last. Exports plunged 8.3% in the reported period vs. -0.8% previous. The country’s imports fell 2.6% vs. 2.3% prior. In US Dollar terms, China’s trade surplus widened less than expected in June, as exports slumped. Trade Balance came in at +70.62B versus +74.80B expected and +65.81B previous. Exports (YoY): -12.4% vs. -9.5% exp. and -7.5% prior. Imports (YoY): -6.8% vs. -4.0% exp. and -4.5% last. FX implications: AUD/USD is shrugging off mixed Chinese trade figures. The spot is up 0.40% on the day, trading at 0.6810, as of writing.China’s June trade data badly misses expectations China’s exports contracted more than expected in June, hit by shrinking global demand and adding to concerns about the world’s second-largest economy. The dollar value of China’s exports plunged 12.4% in June from a year ago, customs data showed Thursday. This is a far bigger drop than expectations for a 9.5% decline in a Reuters poll and the 7.5% annual decline in May. Imports declined 6.8%, in June from a year ago, also worse than expectations for a 4% decline and the 4.5% annual decline in May. China’s trade still faces rather great pressure in the second half of the year, partly due to high inflation in developed countries and geopolitics, Lu Daliang, a spokesperson for China’s customs bureau, said at a press conference Thursday.
China's State-owned enterprises, including power generators and grid operators, are making all-out efforts to ensure adequate power supply in the country in response to recent ...
video As the Bank of Canada once again hiked interest rates in its fight to tame inflation, it remains unclear when a future pause might come. On Wednesday, the bank hiked the ...
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- Posted: Jul 12, 2023 11:22pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 3,172