The Traderszone Network

China’s new economy plays aren’t just a bet on China; they’re also a bet on frontier markets, Mark Mobius said Monday.

China’s new economy plays aren’t just a bet on China; they’re also a bet on frontier markets, Mark Mobius said Monday.

The growth prospects of SMEs are being potentially stalled due to late payments, according to new research of over 1,000 SMEs commissioned by Crossflow Payments, the Fintech platform delivering supply chain finance solutions. “Brexit is increasing the issue of late payments and reducing investment by… Read More

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Forex news for Asia trading Monday 8 May 2017
Weekend:
And, ICYMI:
Macron’s win in the French election was telegraphed early in exit polling, the pollsters giving him around 65% for the win. Early FX pricing took EUR/USD to around 1.1020 and EUR crosses higher alongside. USD/JPY, too, had higher earlier pricing (EUR/JPY a big gainer, early highs around 124.60).

USD terms April China trade balance, surplus of 38.05 bn USD
–
Exports:+8% y/y
Imports: +11.9% y/y
We had the ‘yuan terms’ data earlier

The partnership is aimed at cutting the significant costs of entering the wireless market, as well as speeding up entry, the source said.

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China trade balance for April: surplus of 262.3 bn yuan
Exports +14.3% y/y
Imports +18.6% y/y
Bigly surplus, much more bigly than expected. But exports and imports both miss expectations.