Hang Seng Slides on Poor China PMI & Country Garden Default Warning
HKG33 falls today as China’s factory activity contracted for fifth straight month and troubled property developer Country Garden warned of default, after massive H1 loss
Senior Financial Editorial Writer
Nikos Tzabouras is a graduate of the Department of International & European Economic Studies at the Athens University of Economics and Business. With extensive experience in market analysis and a strong foundation in international relations, he brings a unique perspective to financial markets. Nikos emphasizes not only technical analysis but also on fundamentals and the growing influence of geopolitics on financial trends.
As a Senior Financial Editorial Writer, he delivers comprehensive and forward-looking insights across a wide range of asset classes, including equities, commodities, and currencies. His work explores how macroeconomic events, political developments, and global policies impact market dynamics, providing readers with a deeper understanding of both short-term movements and long-term trends.
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HKG33 falls today as China’s factory activity contracted for fifth straight month and troubled property developer Country Garden warned of default, after massive H1 loss
The pair got a boost on Wednesday from poor US jobs data, but slides today after Australian data, which showed that inflation decelerated further in July
A US court ruled against the SEC decision to reject Grayscale’s filing for a Bitcoin ETF on Tuesday, which boosted BTC/USD, but trades with caution today
The pair tries to stop its six-week losing streak and defend the 200 Days EMA, but key upcoming data points can determine the next leg of the move
The pair maintains its upside bias around the September 2022 interventions levels, after the Jackson Hole symposium speeches, awaiting key US economic data later in the week
Fed Chair Powell kept the door open to more hikes on Friday, but the tech heavy index shows resilience to the hawkish messaging, helped by Nvidia’s AI-Powered blockbuster results
Chinese stock markets jumped after authorities announced measures to boost capital markets, including a cut in the stamp duty on stock trades
It has been a bad week for US sports retailers Dick’s Sporting Goods & Foot Locker, as their disappointing quarterly results caused their stocks to slump and also weighed on the stock of sneaker giant Nike
The commodity continues the pullback from its 2023 highs on China and Fed woes, but holds crucial technical levels
Watch today’s US Open for insights on the blowout results of AI pioneer Nvidia, poor EZ &UK PMIs and monetary policy outlook ahead of the Fed’s Jackson Hole Symposium
The pair is subdued today as markets await Friday’s speeches by Fed’s Powell and ECB’s Lagarde at Jackson Hole Symposium, amidst uncertain monetary policy outlook
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