Stuart Oakley, Managing Director, Asian Currency Trading at Nomura says global central banks are punishing the consumers for being stingy. He also states his reasons for recommending investors to be short U.S. Dollar & long Chinese yuan.
China’s economy grew at its slowest pace in three years in the second quarter of the year, but some experts say fears over China’s growth are overblown and investors are underestimating the value of Chinese equities and currency.
China is finding that it may not need to threaten or invade this diplomatically isolated island, which it considers a rogue province. It’s doing just fine buying influence from the inside out, the Global Post reports.
The market is naïve to expect a big stimulus boost in China, Adrian Mowat, JPMorgan’s chief Asian and emerging market equity strategist, told CNBC’s “Squawk on the Street” Thursday.
Mike Werner, Senior Equity Analyst, Chinese and Hong Kong Banks at Sanford C. Bernstein says to stay with big Chinese bank names like ICBC, CCB and BOC.
China’s latest inflation numbers suggest the economy is cooling faster than economists expected, but the drop in producer prices by a steeper-than-expected 2.1 percent in June could provide a boost for corporate margins according to experts.
Fluctuations in global currencies are not only having an impact on corporate earnings but on dividend growth as well. Asset management firms across the world are in the process of rebalancing their exposure to global markets.
The rate cuts from three major economies on Thursday may have dominated headlines, but it did little to inspire confidence in global stock markets, which fell as investors took the move to mean the world economy remains in trouble.
Louis Wong, Head Of Research, Phillip Securities, Hong Kong says the latest interest rate cut by the People's Bank of China will lead to margin erosion for Chinese banks.
China’s unexpected cut in interest rates – the second in less than a month – suggests that the world’s second-biggest economy is in worse shape than it appears and the government is getting worried about growth prospects ahead of the release of key economic data next week.
Speculation over whether China’s central bank will cut the reserve requirement ratio (RRR) for lenders as early as this weekend heightened on Thursday after local media reports urged the People’s Bank of China (PBoC) to act to boost liquidity and spur economic growth.
Fan Cheuk Wan, Managing Director and Head of Research Asia Pacific, Credit Suisse Private Banking says high dividend yielding stocks are a defensive vehicle for investors seeking exposure to equity markets.
As the Chinese economy continues to sputter, prominent executives in China and Western economists say there is evidence that local officials are falsifying economic statistics to disguise the true depth of the troubles. The New York Times reports.
Asian markets fell on Thursday amid growing worries about global growth after China’s factory sector contracted for an eighth straight month, with economists telling CNBC it’s time for Asian policymakers to do more to boost growth.