10 August, 2015 by The TZ Newswire Staff Comments Off on Is China’s yuan devaluation more important to the global economy than a US rate hike?
Is China’s yuan devaluation more important to the global economy than a US rate hike?
Yes, argues the BBC’s economics editor Robert Peston in an article just published
Says Peston
”
The world’s investors have been
obsessing with when the US Federal Reserve will end the era of near-zero
interest rates, as America’s economy returns to almost-normal shape.
10 August, 2015 by The TZ Newswire Staff Comments Off on European equity markets open lower 11 August
European equity markets open lower 11 August
Softer opening for Europe’s equity markets
– FTSE -0.1%
– DAX -0.5%
– CAC40 -0.2%
– FTMIB -0.2%
– IBEX -0.3%
China’s Shanghai Comp Index closes flat CS1300 Index down -0.4%
10 August, 2015 by The TZ Newswire Staff Comments Off on Trading Ideas – European session 11 August
Trading Ideas – European session 11 August
Ok good people of ForexLive land it’s that time of day when you get the chance to share your wonderful ideas and thoughts here
It’s been an eventful Asian session after the devaluation move by China and it looks like Greece and its creditors have now reached a third bailout agreement
10 August, 2015 by The TZ Newswire Staff Comments Off on Chinese July vehicle sales fall 7.1% yy
Chinese July vehicle sales fall 7.1% yy
Latest vehicle/auto data from China
– vs -2.3% in June. Biggest fall in 2 1/2 years
– July auto sales -6.6% yy
– Jan-July vehicle sales +0.4% yy, 13.35 units, vs +8.2% a year ago
Further evidence of slowdown
10 August, 2015 by The TZ Newswire Staff Comments Off on Eurostoxx 50 futures down -0.4% in early European trading
Eurostoxx 50 futures down -0.4% in early European trading
Softer opening for equity futures
– DAX futures -0.4%
– CAC40 -0.4%
– FTSE -0.2%
Bund futures up 29 at 154.23
10 August, 2015 by The TZ Newswire Staff Comments Off on Nikkei 225 closes down -0.42% at 20,720.75
Nikkei 225 closes down -0.42% at 20,720.75
Softer session on profit-taking weighed by China’s yuan devaluation
– -87.94
– open 20920.60
– high 20946.93
– low 20582.01
– USDJPY 124.76 unfazed
10 August, 2015 by The TZ Newswire Staff Comments Off on Japanese machine tool orders July yy flash +1.6% vs +6.6% prev
Japanese machine tool orders July yy flash +1.6% vs +6.6% prev
Softer reading but not a price changer