23 August, 2015 by The TZ Newswire Staff Comments Off on China stocks in morning freefall as pension fund rules fail to inspire
China stocks in morning freefall as pension fund rules fail to inspire
China major stock indexes collapsed on Monday morning, with traders saying market disappointment over the lack of a liquidity move by the central bank during the weekend triggered a fresh selloff. The worry was aggravated by a strong injection of short-term liquidity into the interbank market that many read as a substitute for deeper easing. China CSI300 stock index futures for September fell 7.1 percent, to 3,233.6, or 109.37 points below the current value of the underlying index, and all other futures contracts were also negative.
23 August, 2015 by The TZ Newswire Staff Comments Off on 10Y Slides Back Under 2%, Precisely What Goldman Said Could Not Happen
10Y Slides Back Under 2%, Precisely What Goldman Said Could Not Happen
Remember trade #2 from Goldman’s list of top trade recommendations for 2015?
Um, yeah…. well, moments ago the 10Y just dropped below 2% for the first time since April.
23 August, 2015 by The TZ Newswire Staff Comments Off on SocGen: "Markets Have Lost Faith In Monetary Policies"
SocGen: "Markets Have Lost Faith In Monetary Policies"
Aside from a few skeptical strategists, SocGen’s economists such as Michala Marcussen, have been ever so happy to drink the Kool-Aid of a US, and global, recovery that never comes and of a rate hike which until a few weeks ago was “imminent”… and suddenly isn’t even though nothing in the US economy has supposedly deteriorated. Which is why we were very surprised to read a note from none other than Marcussen, in which the formerly hopiumy economist , confirms what we have always known: that sooner or later, everyone will admit the truth.
From SocGen
23 August, 2015 by The TZ Newswire Staff Comments Off on China’s State Council to allow farmers to use land, property as collateral for loans
China’s State Council to allow farmers to use land, property as collateral for loans
MNI reports that China’s State Council is to allow farmers to use land and property as collateral
– As part of a pilot program
– State Council encouraged financial institutions to grant more medium- and long-term loans to farmers
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23 August, 2015 by The TZ Newswire Staff Comments Off on "Black Monday" – Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains, 2000 Stocks Limit Down
"Black Monday" – Shanghai Composite Goes Red For The Year, Wiping Out 60% In Gains, 2000 Stocks Limit Down
Black Monday! #ChinaStocks join global panic selloff, dive 8.5%, worst since Asian financial crisis at midday pic.twitter.com/nLHoFf34bV
— China Xinhua News (@XHNews) August 24, 2015
FACTS: By midday break, nearly 2000 stocks down 10% daily limit in Chinese market — only 13 stocks up; Shanghai benchmark index down 8.45%
23 August, 2015 by The TZ Newswire Staff Comments Off on FT on China stocks … "equity market is close to free-fall"
FT on China stocks … "equity market is close to free-fall"
Via FastFT (gated) …
– No signs of support from the People’s Bank of China on the weekend
– Equity market is close to free-fall at the start of trading
– Shanghai Composite fell 5.7% in the first 10 minutes,
The last time Chinese stocks were in this sort of multi-week free-fall was early July, when the authorities took unprecedented measures to shore up support for the market
23 August, 2015 by The TZ Newswire Staff Comments Off on Bloomberg’s Commodity Index Just Hit A 21st Century Low
Bloomberg’s Commodity Index Just Hit A 21st Century Low
After the Bloomberg commodity index crashed overnight, having tumbled for each of the past 4 years, this happened:
- BLOOMBERG COMMODITY INDEX SLIDES TO LOWEST LEVEL SINCE 1999
Said otherwise, the lowest level in the 21s centiry.
Yup, rate hike any minute now.