The Traderszone Network

Depreciating assets have special tax characteristics to keep in mind.

Comments out of Commerzbank AG in Singapore:
(Hao Zhou, senior economist, via (and more there) )
Bloomberg
–
Earlier:
–  
–  
– )

Japan PM Abe with the same old same old
– Excessive volatility in FX is undesirable
– Will take appropriate action on forex as needed
– Hope G20 finance leaders take appropriate measures on global economy when they meet in Shanghai

–

Here’s a piece in Bloomberg on the ongoing falls in Hong Kong property prices
– A nearly 11 percent drop in housing prices since their September high (quoting Centaline Property Centa-City Leading Index
More at

Despite the weakening of the Yuan, China exports collapses 6.6% YoY in January (massively missing the 3.6% increase expected). Imports continued their 15 month series of collapses with a 14.4% plunge (again drastically worse than the 1.8% increase expected). This pushed the trade balance to a record surplus CNY406bn.

In Yuan terms it’s ugly… Both imports and exporets were worse than the lowest forecast of all professional economists…

read more

Earlier data is here (CNY terms)
China : USD63.3bn
trade balance for January
– expected +$60.6bn, prior was $60.06bn
Exports: -11.2%
– expected -1.8%, prior was -1.4%
Imports: -18.8%

The China January trade balance data is here
Note the collapse in both imports and exports
Comments following from the Customs Administration in China:
– Downward pressure on exports expected to ease in Q2 of 2016