7 January, 2016 by The TZ Newswire Staff Comments Off on Hyundai says to make Santa Fe SUV at Alabama plant
Hyundai says to make Santa Fe SUV at Alabama plant
Hyundai Motor Co said on Thursday it will begin production of the Santa Fe Sport model at its Montgomery, Alabama, plant in the early summer as it seeks to increase supply for the hot-selling crossover SUV segment of the U.S. market. The Santa Fe Sport, a five-passenger crossover model, will be one of three models made at the plant, joining the Sonata and Elantra sedans. Production targets for the three models will be determined in the coming months, but the plant’s capacity will remain at 400,000 vehicles a year, the company said in a statement.
7 January, 2016 by The TZ Newswire Staff Comments Off on U.S. crude edges up, but remains near 12-year lows on China worries
U.S. crude edges up, but remains near 12-year lows on China worries
U.S. crude futures inched up early on Friday but remained near 12-year lows as financial market unrest in China rattled investors already concerned about a world glut in oil. U.S. crude West Texas Intermediate (WTI) (CLc1) was trading 12 cents higher at $33.39 a barrel by 0028 GMT (1928 EDT) after settling at $33.27 on Thursday. “Oil remains under pressure amid concerns about China’s economy and yuan depreciation,” ANZ said in a note on Friday.
7 January, 2016 by The TZ Newswire Staff Comments Off on Fed leans on big balance sheet to soften rate hike impact
Fed leans on big balance sheet to soften rate hike impact
Recent interviews with officials showed they were counting on the Fed’s massive bond holdings to blunt some of the impact of interest-rate hikes this year. The nudge, designed to push back expectations when the Fed would start shrinking its giant portfolio, seems to have worked. The New York Fed’s survey published on Thursday showed that before last month’s rate hike most Wall Street dealers had expected the balance sheet to start shrinking around December.
7 January, 2016 by The TZ Newswire Staff Comments Off on CNY holding its mid-point setting gains … or is it?
CNY holding its mid-point setting gains … or is it?
The People’s Bank of China set the mid point for the USD./CNY slightly lower today, which is a yuan strengthening
Here’s the chart for the USD/CNY, so far:
7 January, 2016 by The TZ Newswire Staff Comments Off on The big question: Will Chinese stimulus be seen as good news or look like a panic move?
The big question: Will Chinese stimulus be seen as good news or look like a panic move?
That’s a huge question if you’re trading right now
Here’s the scenario:
The PBOC announces an interest rate cut and RRR cut in the next few hours. What do you do?
7 January, 2016 by The TZ Newswire Staff Comments Off on US stock futures attempt rally as China wavers
US stock futures attempt rally as China wavers
As China posted gains in early trading, the relatively thinly traded U.S. futures showed modest upside.
7 January, 2016 by The TZ Newswire Staff Comments Off on Japan wages data (if you care)
Japan wages data (if you care)
November wages data from Japan
– Labour cash earnings flat at 0.0% change y/y (+0.7% expected, +0.7% prior)
– Real cash earnings -0.4% y/y ( prior +0.4%)
–
OK, back to Chinese markets …