Markets


Xi optimism boosts financial bonds

Xi optimism boosts financial bonds

(ATF) The bonds of Chinese financial companies surged the most in almost two months Tuesday after China’s president Xi Jinping offered a positive look at the economy’s prospects in a new year speech.The bond of investment house CITIC Bank led gains that tracked a 2.2% jump in the CSI300 stocks …

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Slowing deflation data buoys corporate bonds

Slowing deflation data buoys corporate bonds

(ATF) China bonds surged Monday after official data showing a slowing in the decline of producer prices indicated that corporate balance sheets are strengthening.Bonds of infrastructure companies including Hefei Construction surged after GCL System Integrated (GCLSI) said it would invest $122 million in the province to kickstart construction of a …

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China bonds climb a second week on US optimism

China bonds climb a second week on US optimism

(ATF) Chinese corporate and municipal bonds rose Friday after US president-elect Joe Biden clinched control of the upper house of Congress, raising hopes he’ll roll back sanctions on China investments.The bond of Aviation Industry Corporation of China (AVIC) surged as investors bet the loosening of US restrictions would also include …

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The Trump China trade starts to unwind

The Trump China trade starts to unwind

(ATF) The Trump trade unwind is beginning in China: As the outgoing US president loses cabinet members and support from his own party, investors are beginning to do the same.Bargain hunters are moving into the stocks that Trump’s anti-China policies have turned into pariahs. The Chinese-listed shares of China Railway …

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China telecoms lose billions after MSCI, FTSE Russell confirm cuts

China telecoms lose billions as MSCI, FTSE Russell confirm cuts

(ATF) Global index providers MSCI and FTSE Russell said they would cut three Chinese telecom companies from their benchmarks in response to a US investment ban, slashing their share prices in trading on Friday.The deletions add to the companies already cut from world indexes because of the ban and require …

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Asian markets ride the blue wave

Asian markets ride the blue wave

(ATF) Asian markets climbed Thursday on optimism of a steadier US economic policy after President-Elect Joe Biden won control of the Senate with victories in two senatorial run-offs in Georgia.Biden's so-called Blue Wave victory – he also won the lower chamber of Congress - means he secures control of the …

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Markets this week: December PMIs, FOMC minutes

Markets this week: December PMIs, FOMC minutes 

(ATF) Economic eventsInvestors will return to the trading floor in the New Year trying to square market optimism with economic reality amid the spread of a new, highly infectious Covid-19 variant as the vaccine rollout is conflicted with logistics and other hurdles in many countries with the efficacy also unproven.Wall …

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Asia stocks hit record peak as investors buy into recovery hopes 

Asia stocks hit record peak as investors buy into recovery hopes 

Asian shares hit a record peak on Wednesday as world stocks edged closer to recent highs again, with investors betting on a strong economic recovery next year.The upbeat mood pushed the safe-haven dollar to its lowest since April 2018 as MSCI's gauge of Asia-Pacific shares, excluding Japan, rose 1.4% to …

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Thin trade keeps China bonds lacklustre

Thin trade keeps China bonds lacklustre

(ATF) Chinese corporate and municipal bonds were little changed Thursday on trade made thin by the closure of world markets for Christmas tomorrow.The Corporate and Financial bond sub-indexes slid, led by the debt of Guangdong Hengjian Investment Holding and Shengjing Bank.The benchmark ATF China Bond 50 Index closed 0.01% lower …

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Markets pare gains after Trump’s threat

Markets pare gains after Trump’s threat

(ATF) Hong Kong: Asian markets were rattled by US President Donald Trump’s tweeted threat to block the $892 billion coronavirus relief bill in a veto that could result in a partial government shutdown in the world’s largest economy.But the undertone was firm and despite the market giving up some of …

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