Feb.02 — Richard Harris, chief executive officer at Port Shelter Investment Management, discusses how the coronavirus outbreak is affecting economies, businesses and markets. He speaks with Shery Ahn and Haidi Stroud-Watts on “Bloomberg Markets: China Open.” …read more […]
(Bloomberg) — China reduced rates as it injected cash into the financial system Monday, with the central bank seeking to ensure ample liquidity as markets plunge. It cut borrowing costs on the funds by 10 basis points.The People’s Bank of China added 900 billion yuan ($129 billion) of funds with seven-day reverse repurchase agreements at 2.4%, according to a statement. It also injected 300 billion yuan with 14-day contracts at 2.55%. While the total is the largest single-day addition of its kind in data going back to 2004, it implies a net injection of just 150 billion yuan as more …read more […]
Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China.
China’s central bank unexpectedly lowered the interest rates on reverse repurchase agreements by 10 basis points on Monday, as authorities stepped up measures to relieve pressure on the economy from a rapidly spreading virus outbreak.
Feb.02 — Tuuli McCully, head of Asia Pacific economics at Scotiabank, discusses India’s budget and her outlook for the economy. She speaks with Shery Ahn and Haidi Stroud-Watts and on “Bloomberg Markets.” …read more […]
Chinese stock and commodity markets fell heavily at the open on Monday, in the first trading session after an extended Lunar New Year break, as investors dumped risky assets in response to rising fears about the spread of a new virus across China.
Union workers at Exxon Mobil Corp’s Baytown, Texas, refinery rejected a contract extension in voting completed on Friday, said sources familiar with the vote.
China’s factory activity expanded at its slowest pace in five months in January, even as an outbreak of a new virus added to risks facing the world’s second-largest economy, a private survey showed on Monday.
Shares of Malaysia’s AirAsia Group and unit AirAsia X fell on Monday, after allegations by Britain’s Serious Fraud Office that Airbus paid a bribe of $50 million to win plane orders from Asia’s largest budget airline group.
(Bloomberg) — Chinese stocks plummeted by the most since an equity bubble burst in 2015 as they resumed trading to the worsening virus outbreak.The CSI 300 Index dropped 9.1% as onshore financial markets opened for the first time since Jan. 23. China’s benchmark iron ore contract fell by its daily limit of 8%, while copper, crude and palm oil also sank by the maximum allowed. The People’s Bank of China set the yuan fixing at 6.9249 per dollar, stronger than the average estimate of traders surveyed by Bloomberg.Regulators have in the past days unleashed targeted measures to help blunt the …read more […]
(Bloomberg) — Chinese commodity markets collapsed on the first day of trading after the Lunar New Year holidays as investors returned to markets gripped by fear over the impact the coronavirus will have on demand in the world’s biggest consumer of raw materials.The country’s three major commodity exchanges were hit by a wave of selling as they reopened at 9 a.m. local time as Chinese traders had their first opportunity to catch up with losses inflicted on overseas markets while they had been on holiday. China’s benchmark iron ore contract fell by its daily limit of 8%, while copper, crude …read more […]
Feb.02 — Karen Jorritsma, head of Australian equities at RBC Capital Markets, talks about earnings and stocks. She speaks with Paul Allen and Taylor Riggs on “Bloomberg Markets.” …read more […]
Asian markets are set for another bumpy ride on Monday on fears about the hit to world growth from the rapidly spreading coronavirus, with all eyes on China where trading resumes following the Lunar New Year break.
Feb.02 — Jeanne Zaino, a political science professor at Iona College, and Rick Davis, who ran the presidential campaign of John McCain, preview Iowa caucuses, the Democratic candidates’ first presidential nominating contest. The Bloomberg contributors speak with David Westin on “Bloomberg Markets.” …read more […]
Feb.02 — Jeanne Zaino, a political science professor at Iona College, and Rick Davis, who ran the presidential campaign of John McCain, preview Iowa caucuses, the Democratic candidates’ first presidential nominating contest. The Bloomberg contributors speak with David Westin on “Bloomberg Markets.” …read more […]
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