‘It Was A Black Monday’: Visualizing The Horrific Crash Of ‘China’s Nasdaq’
“The panic is sweeping across the markets, sparked by a plunge in the start-up board.”
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Risk-On Still Intact As Entire World Ignores China Stock Plunge: Full Visual Recap
All told, the mood remains “risk-on.”
‘Does a Canary Chirp If No One’s in the Mine?’
“For now, nothing can go wrong. And if you needed any proof that central bank policy is the ultimate driver of these markets, here you have it.”
Chinese Small Caps Plunge – The Writing Was On The Wall Last Week, Folks
And remember, “China”, “deleveraging” and “concerns” are not three words you want to hear in the same sentence first thing in the morning…
China GDP, Econ Beat Across The Board But Stocks Fall Hard At The Open
CHINA 2Q GDP GROWS 6.9% Y/Y; EST. 6.8%
CHINA 2Q GDP GROWS 1.7% Q/Q; EST. 1.7%
CHINA JUNE INDUSTRIAL OUTPUT RISES 7.6% Y/Y; EST. 6.5%
CHINA JUNE RETAIL SALES RISE 11.0% Y/Y; EST. 10.6%
‘He’s An Importer/Exporter, Ok?’: China, Art Vandelay, And A Juggling Act
China, like Art Vandelay, is an importer/exporter, “ok?”. And generally speaking, you want to keep up with how that whole importer/exporter thing is going for Art China, because you know, the fate of the entire global economy kinda depends on it. So on Thursday, we got the June data and here it is: China June…
Meanwhile, In China: 1.78 Trillion (Yuan) In New Credit
Lost in the fog of Poloz’s moment in the sun and Yellen’s offsetting dovish lean on Capitol Hill, was perhaps the most important data print of them all: China aggregate financing. The TSF data is, in many ways, the grandaddy of them all. To understand why, you need only have a look at the following set…
Did China Just Rescue Their ‘Nasdaq’ By Buying A Bunch Of Tech Stocks Trading At 40X?
“Arresting” the slide…
Look! More FX Shenanigans In China
If you’ve been following along over the past two months, you know China is engaged in an ongoing struggle to combat downward pressure on the yuan. The PBoC engineered a hilarious short squeeze in late May/ early June in an effort to reverse a trend that saw the onshore spot consistently closing at a discount…
China’s ‘Nasdaq’ Slides Most Since June 1
File this one away in the “worth noting” folder. Chinese equities were the only red in a sea of green on Monday morning and although the SHCOMP closed only marginally lower, ChiNext (China’s “Nasdaq”), dove nearly 2%.
Global Stocks Are Happy. Gold Is Sad. China! I Found Some Inflation In Norway.
Well, I’d say “it’s quiet out there,” but that’s cliché. So how about this: “ain’t shit shakin’ but the leaves in the trees“. Ok, maybe a few things happened while you were asleep. But not much. Let’s walk through some things. We got China PPI and CPI, with the former printing +5.5% for June, in…
O, Canada! China?! Yellen Yellin’: Full Week Ahead Preview
Ok, well this should be an interesting week. We’ll get the BoC, which will make Bloomberg’s Luke Kawa happy because it means Canada will be in the spotlight for once. He’s got some fun Canada-themed socks we imagine he might wear on Wednesday. “The recent avalanche of hawkish messages from the BoC, as well as…
‘No Matter How Hard They Try’: China Has A Problem
“If the authorities view this as reflecting latent capital outflow pressure or speculative activity, intervention could become a more regular occurrence.”
Meanwhile, In China: “Relentless, All-Round” FX Shenanigans
Epic tug-of-war emerges as PBoC battles traders…
And God Said “Let There Be Data: And There Was Data.”
It’s Friday and God said, “let there be data: and there was data.” Let’s start in Europe, where inflation slowed to 1.3% y/y this month from 1.4% (final) in May. That’s a bit higher than estimates. The core rate printed at 1.1% y/y, that’s also a bit higher than forecast and higher than May’s 0.9%…
