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  • Article / 01 November 2016 at 2:01 GMT

    Morning Report APAC: China shines, but oil plunge curbs Asia

    APAC Sales Trading Desk / Saxo Capital Markets
    Singapore
    Morning Report APAC: China shines, but oil plunge curbs Asia
    It was a good start of trade for China watchers, with both manufacturing and services PMIs coming in higher than expected, but the drop in oil yesterday is hard for Asian markets to ignore and with a raft of data coming in this week - especially from Bank of Japan today - traders remain in "non-expansive" mood.
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  • 3y
    seas seas
    They had room to move so they took it.. A sign of things to come? NZD next?
  • Article / 03 May 2016 at 1:29 GMT

    Today's Trade: Surprise rebound as S&P/ASX200 shrugs off ANZ result

    Trading Desk / Saxo Capital Markets
    Australia
    Today's Trade: Surprise rebound as S&P/ASX200 shrugs off ANZ result
    There was a surprise rebound for the S&P/ASX200 today, as the market shrugged off the poor performance by ANZ, one of Australia's big four banks. Meanwhile this is Super Tuesday for the Australian dollar, with the RBA rate decision, the federal budget and China's Caixin manufacturing PMI all expected to have an impact on the currency.
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  • Article / 02 May 2016 at 0:45 GMT

    Today's Trade: S&P/ASX 200 slumps as banks take a dive

    Trading Desk / Saxo Capital Markets
    Australia
    Today's Trade: S&P/ASX 200 slumps as banks take a dive
    The banking sector drive the S&P/ASX 200 sharply lower from the start of trading. Trading will be subdued in Asian markets today, with China, Singapore and Thailand closed for a public holiday. Meanwhile Tuesday is a big news day in Australia, with the release of both the Reserve Bank of Australia announcement on interest rates and the federal budget.
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  • Editor’s Picks / 04 March 2016 at 2:19 GMT

    China's woes hammer manufacturing in the rest of Asia

    Nikkei Asian Review
    China's diminishing economic momentum is hurting manufacturing in other Asian nations as demand from the world's second-largest economy remains lacklustre. PMIs for February show declining readings compared with January in six out of eight economies. South Korea's PMI was under 50 – the figure separating expansion from contraction – for the second straight month. Taiwan dipped below that line for the first time in three months. Even Singapore, which was comparatively healthy with a 51.6 PMI, shows signs of weakening external demand. China's slowdown is the main reason for the malaise. India is a bright spot, as low oil prices offset inflated raw material costs caused by the weak rupee.
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  • Editor’s Picks / 02 December 2015 at 2:29 GMT

    China's nonmanufacturing PMI get a Single's Day boost

    Nikkei Asian Review
    Single's Day sales helped lift a key gauge of Chinese nonmanufacturing sector to a four-month high in November, while the manufacturing index fell to lows not seen in more than three years. The manufacturing PMI fell to 49.6, its lowest since August 2012. Meanwhile, the nonmanufacturing PMI rose 0.5 to 53.6, and the service industry jumped 0.5 from October to 52.8. Single's Day provided the tailwind for the surge. "Thanks to the Double 11 sales promotions, segments of the logistics industry such as delivery services, storage and distribution saw gains," said Zhao Qinghe, senior analyst at the National Bureau of Statistics. E-tailing giant Alibaba was a big winner in the Singles' Day shopathon, which gets more frenzied by the year.
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  • Editor’s Picks / 01 October 2015 at 1:25 GMT

    China's factory PMI beats estimates

    CNBC
    Activity in China's all-important manufacturing sector improved in September, with the government's official Purchasing Managers' Index (PMI) rising to 49.8, up from August's three-year low of 49.7. The report from the National Bureau of Statistics was a pleasant surprise for global markets, as several analysts expected either a flat or lower reading. Analysts said that while the survey indicated stabilisation, factory activity remained in contractionary territory. Chinese financial markets were closed Thursday for the start of a week-long public holiday, but the rest of Asian indices traded higher following the news.
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  • Editor’s Picks / 01 September 2015 at 22:03 GMT

    Australian dollar feels China strain first, says Hardy

    The Sydney Morning Herald
    The Australian dollar has hit a fresh six-year low after a fall in China's official factory gauge sparked renewed pessimism in demand for commodities while sending global markets in a tailspin. The currency slumped more than 1% to a low of $70.17¢ early on Wednesday, its lowest level since April 2009. The fall in China's manufacturing activity sparked renewed fears of weakening demand for Australian commodities. “Australia is largely considered a satellite economy to China, so any indication of weakness in China and traders look at the Australian dollar as the first currency outside China to feel the strain,” John Hardy, head of foreign-exchange strategy at Saxo Bank told Bloomberg.
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  • 4y
    ListerChaves ListerChaves
    This comment has been redacted