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  • Trade view / 14 minutes ago
    Strategic trade

    Strong JD earnings should prompt Alibaba rally

    China Watcher / Shanghai
    Alibaba’s biggest rival will release its earnings on Friday, before Alibaba’s own earnings release next week. This will give investors a taste of what to expect from Alibaba’s earnings, because the two firms are similar in business scope. The key focus points for both firms are likely to be logistics investment and O2O business potential. So if reports healthy earnings, Alibaba’s share price should rally.
    Read the Trade View
  • Editor’s Picks / 35 minutes ago

    No need for strong stimulus steps: China's state-run media

    South China Morning Post
    China has no need for "massive stimulus measures" to keep its economy steady, the state-run People's Daily says, to assuage concern over slowing growth. The front-page commentary came amid a sustained fall in factory activity and speculation that top Communist Party leaders are holding their summer policy talks, at which economic development is expected to top the agenda. The economy expanded 7% in the second quarter in what economists said was top policymakers' most difficult three months in the past decade due to declining asset investment, slowing trade growth and a stock market gyration.
    Read article on South China Morning Post
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  • Trade view / 8 hours ago
    Medium term

    Whole Foods looking to go another leg lower

    Trader /
    United States
    Shares of organic foods chain Whole Foods Market dropped sharply last week after the company reported its fiscal third quarter results. This, combined with what the charts are telling us point to another leg lower in the stock in the near term.
    Read the Trade View
  • Squawk / 9 hours ago
    Head of Macro Strategy / Saxo Bank
    ISM manufacturing retraces from 5-month high:

    Manufacturing continued to expand in the US last month, but it did so at a slightly slower pace than in May and June with the headline index at 52.7 vs. 53.5 a month earlier (and 52.8 in May). Consensus had expected an unchanged reading of 53.5.

    The July ISM manufacturing report is a mixed bag with new orders among the highlights. The forward-looking component rose to 56.5 from 56, a six-month high, and the production index also gained to 56 from 54. Employment, on the other hand, dropped to 52.7 from 55.5.

    The employment component is interesting considering that the US employment report will be released on Friday. Consensus currently looks for an increase of 225,000 in July following a gain of 223,000 in June.
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