10 March, 2016 by The TZ Newswire Staff Comments Off on China stockmarket opening indications – Shanghai Comp to open down 0.8%
China stockmarket opening indications – Shanghai Comp to open down 0.8%
CSI300 index to open down 0.8% also
10 March, 2016 by The TZ Newswire Staff Comments Off on PBOC sets USD/CNY central rate at 6.4905
PBOC sets USD/CNY central rate at 6.4905
Yesterday’s mid point was set by the People’s Bank of China at 6.5127
Much stronger mid point for the yuan. The USD was weaker in overnight trading – that’s an input into the PBOC’s deliberations each day.
10 March, 2016 by The TZ Newswire Staff Comments Off on PBOC Open market operations today, 20bn inject bn yuan
PBOC Open market operations today, 20bn inject bn yuan
People’s Bank of China injects 20bn yuan via 7-day reverse repos
The net drain for the week is 205bn yuan
Last week 840bn yuan was drained (also last week we got a RRR cut, which is equivalent to a big injection of funds into the market)
10 March, 2016 by The TZ Newswire Staff Comments Off on Fitch on Japan, negative rates, impact on banks
Fitch on Japan, negative rates, impact on banks
Reuters with the headlines:
– Negative interest rates put more pressure on Japanese banks’ NIM
– Short-term direct impact is limited as the negative interest rate is applied only to additional funds placed at the BOJ
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10 March, 2016 by The TZ Newswire Staff Comments Off on Asia markets lower as traders digest ECB moves
Asia markets lower as traders digest ECB moves
Asia traded lower Friday morning, following a weaker finish on Wall Street overnight and as traders digest the ECB stimulus announcements.
10 March, 2016 by The TZ Newswire Staff Comments Off on China press – Authorities looking at leveraged fund activity in property market
China press – Authorities looking at leveraged fund activity in property market
A piece in the Beijing News (via MNI):
– Authorities in China’s Tier-1 cities, including Shenzhen, Beijing and Shanghai, are looking into whether leveraged funding means contributed to a recent price surge in the property market of these cities
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10 March, 2016 by The TZ Newswire Staff Comments Off on Personal Finance Daily: Tax credits you can use to save hundreds, and cities with the shortest commutes
Personal Finance Daily: Tax credits you can use to save hundreds, and cities with the shortest commutes
Tax credits you can use to save hundreds, and cities with the shortest commutes.
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