Is the Evergrande crisis over?
The looming collapse of China Evergrande Group (HKG:3333), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy. In the early months since Evergrande’s financial crisis came to light, Beijing stayed mum on the issue, although the People’s Bank of China pumped billions of yuan in liquidity in what was seen…
Is the Evergrande crisis over?
The looming collapse of China Evergrande Group (HKG:3333), the world’s most indebted property developer, has roiled financial markets for months, threatening a contagion with far-reaching implications on China and the wider economy. In the early months since Evergrande’s financial crisis came to light, Beijing stayed mum on the issue, although the People’s Bank of China pumped billions of yuan in liquidity in what was seen…
Russia braces for deep recession amid corporate exodus
The Russian currency fell by more than 10% from Friday to 137 to a dollar on Monday, underscoring the impact of the sanctions imposed by Western nations on the Russian economy and on residents’ living standards. In 2021, the country’s gross domestic product rose 4.7% year over year, boosted by the global economic recovery and the global surge in the prices of oil, one of Russia’s key commodities.
Russia braces for deep recession amid corporate exodus
The Russian currency fell by more than 10% from Friday to 137 to a dollar on Monday, underscoring the impact of the sanctions imposed by Western nations on the Russian economy and on residents’ living standards. In 2021, the country’s gross domestic product rose 4.7% year over year, boosted by the global economic recovery and the global surge in the prices of oil, one of Russia’s key commodities.
What inflation reports are you trading this week?
This week, the most important economic events are split between the US and China. Inflation data from both these countries will be at the forefront of traders’ minds as they set their positions this week. China’s Inflation Rate YoY for February is due on Wednesday afternoon. China’s YoY inflation rate has decreased dramatically over the past three readings, falling from 2.3% in November…
What inflation reports are you trading this week?
This week, the most important economic events are split between the US and China. Inflation data from both these countries will be at the forefront of traders’ minds as they set their positions this week. China’s Inflation Rate YoY for February is due on Wednesday afternoon. China’s YoY inflation rate has decreased dramatically over the past three readings, falling from 2.3% in November…
What trades are you watching in the lead up to NFP?
The US Non-Farm Payrolls (NFP), a major market mover, is being released at 8:30 am EST, Friday, March 05, and covers the month of February. The market consensus is that the US added 400K jobs to the economy last month. For comparison, the ADP Employment Change report (released Wednesday) reported that private businesses added 475K workers to their payrolls in February.
What trades are you watching in the lead up to NFP?
The US Non-Farm Payrolls (NFP), a major market mover, is being released at 8:30 am EST, Friday, March 05, and covers the month of February. The market consensus is that the US added 400K jobs to the economy last month. For comparison, the ADP Employment Change report (released Wednesday) reported that private businesses added 475K workers to their payrolls in February.
Russian oil trade in limbo, threatening global supply
Despite efforts by Western countries to spare the energy sector from economic sanctions against Russia, the country’s oil supply has been left hanging in the balance as importers — including those in the US — put orders on hold as they seek other sources, potentially threatening the global energy supply. Russia is the second-largest crude exporter in the world next to the US, shipping …
Russian oil trade in limbo, threatening global supply
Despite efforts by Western countries to spare the energy sector from economic sanctions against Russia, the country’s oil supply has been left hanging in the balance as importers — including those in the US — put orders on hold as they seek other sources, potentially threatening the global energy supply. Russia is the second-largest crude exporter in the world next to the US, shipping …
