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  • Article / 18 minutes ago

    OPEC set to back Saudi plan for high supply

    Managing Partner / Spotlight Group
    United Kingdom
    OPEC set to back Saudi plan for high supply
    At next week's OPEC meeting, Saudi Arabia will argue that the organisation should keep up production – and it has a strong case. While there may be pockets of resistance at the June 5 meeting, it is expected that OPEC will maintain its daily production target of 30 million barrels.
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  • Editor’s Picks / 11 hours ago

    China's not practicing what it preaches

    Bloomberg
    China's leaders may talk tough on instituting painful measures but when push comes to shove, Beijing's tolerance of adversity is proving to be sadly lacking, writes William Pesek. Just two weeks ago, Beijing ordered banks to prop up local-government financing vehicles, the very entities it should be cracking down on, and the People's Bank of China has also this week decided to guide the three-month Shanghai Interbank Offered Rates to its lowest since 2008. Far from addressing China's myriad problems, all such measures do is postpone a coming crisis that, when it does unfold, threatens to destabilise the global economy, all in the name of political expediency on the part of president Xi Jinping.
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  • Article / 12 hours ago

    FX Noon: Safety in numbers

    Director / Accumen Management
    United Kingdom
    FX Noon: Safety in numbers
    Today's session has seen the USD extend its gains, particularly against the yen. The dollar rally, however, remains hugely dependent on bullish data so the release of the latest US GDP print on Friday looms large in the distance.
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  • 11h
    Martin O'Rourke Martin O'Rourke
    EURUSD has been as low as 1.08566 in the European session and is currently trading near that at 1.0862 at 1156 GMT. USDJPY is very close to...
    11h
    Martin O'Rourke Martin O'Rourke
    Brent has slipped on the day to $63.62/barrel. WTI is 50 cents or so shy of this morning's figure in Morning Markets at $58.13/b at 1200 GMT....
    10h
    Martin O'Rourke Martin O'Rourke
    EURUSD continues to feel the heat, slipping as low as 1.08182 intraday. It currently resides at 1.0834 at 1320 GMT. Brent and WTI are also both on...
  • Article / 17 hours ago

    Earnings preview: JinkoSolar has strong domestic fundamentals

    Portfolio Manager / Alcuin Asset Management
    China
    Earnings preview: JinkoSolar has strong domestic fundamentals
    Solar firm JinkoSolar will release its first-quarter earnings on Thursday, with investors looking for continued revenue and earnings growth as the firm expands overseas and develops its downstream business. The industry as a whole is facing scrutiny over debt after rival Yingli Solar voiced doubts over its ability to continue as a going concern.
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