Asian Market

A big Chinese trust company, Zhongrong International Trust Co., is causing concerns because they have not been making payments on their investments lately. This company is typically involved in real estate and has been having trouble with payments on many of their investment products. This, along with home prices going down, is making people worried that the ongoing property crisis in China is making the economy's slow growth even worse.

China unexpectedly cut the medium-term lending facility (MLF) by 15bps to 2.5%. This is the biggest cut since 2020. This action is to provide support to an economy that is currently grappling with renewed challenges stemming from a deteriorating property market and sluggish consumer expenditure.

China’s stock markets are weighed by renewed fears around the property market, after Country Garden’s profit warning, as recent data point to frail recovery of the world’s second largest economy

Consumer inflation fell to negative territory in July, for the first time in more than two years, aggravating fears over the recovery of the world’s second largest economy

After the latest round of monetary policy decisions, uncertainty is prevalent, as most central banks have kept all options in play in regards to their next steps

The Bank of Japan kept rates at -0.1% and the QQE in place, but will now conduct Yield Curve Control (YCC) with greater flexibility, in a somewhat confusing tweak

The central bank of China slashed a series of key interest rates recently, in order to support waning economic growth, but markets were unimpressed and CNH50 continues to drop

The PBoC lowered a key short term policy rate in order the help the country’s economic recovery, following a series of disappointing economic data, while the CHN50 finds some support

EV makers are facing an adverse economic environment, but the market is set for continuing growth. As the next earnings season approaches, EV leader Tesla is well positioned to maintain its reign, but faces increasing competition from companies such as Ford, BYD and more

On Friday, during a panel discussion, Fed Chair Powell suggested that rates may not climb as much as expected due to credit tightening. Other Fed speakers suggest that FOMC members are developing diverging views. China data hints at a slowing momentum in recovery and EU CPI is still too high. This week sees two more inflation data points – core PCE on Friday and UK inflation on Wednesday. Wednesday will…

The pair turns cautious after hitting new 2023 highs, as inflation picked up in Japan, but still heads towards one of its best weeks of the year, due to the greenback’s strength