The whole “market economy” thing is turning out to be a little trickier than China’s dictators expected. To set up the story: After the 2008 crash the country borrowed about $15 trillion (an amount that dwarfs the US Fed’s quantitative easing programs) and spent the proceeds on history’s biggest infrastructure program.This pushed up the prices of iron ore, oil, copper, […]
It’s days like Monday that reassure Tony Hann he was right to avoid stocks in mainland China.Boom! The bottom just dropped out of China’s unprecedented efforts to prop up its marketChina’s stocks tumbled the most in eight years Monday morning as investors lost faith in government measures to support the market and the IMF warned Beijing to butt out.Continue reading.The […]
$SPY, $STUDY Blowout earnings from AMZN set the stock market up for a nice bounce on Friday morning, however, with energy, materials and high-beta biotech stocks gapping down at the open, the overall upside momentum was short-lived. The Flash PMI out of China, which showed a contraction in manufacturing activities, had many investors worried. A sizable miss in June new […]
Barrie McKenna of the Globe and Mail reports, Bank of Canada cuts key rate as economy contracts, exports stall:
Stephen Poloz is refusing to call it a recession, but the Bank of Canada Governor says the country needs another jolt of interest rate relief as the economy shrinks and exports stall.The central bank lowered its trend-setting overnight rate a quarter percentage […]
This article is by staff writer William Cowie.By some accounts, China’s stock market has been in free fall. In less than a month, the Shanghai Stock Exchange Composite Index (SSEC) — the Chinese equivalent of America’s S&P 500 stock index — saw a 30 percent drop in value.Media reports have ranged from indifference to breathless comparisons with the great stock […]
How China’s stock chaos could affect New York real estateSizing up the dominoes connecting Shanghai to the Big AppleJuly 10, 2015 06:00PMBy Konrad PutzierThis week’s headline-grabbing turmoil in China’s stock markets left New York’s real estate industry wondering how it could impact the market here. According to those who follow China closely, there are two […]
Markets are rebounding today after a horrible beginning to the week. Looking in the biotech sector, I’m seeing a sea of green with very few blemishes. I’ve also been able to dig out a few great opportunities in the sector. Here they are…Gilead Sciences Is Likely To See Long Run GainsGilead Sciences, Inc. (NASDAQ: GILD)I’ve talked about Gilead Sciences quite […]
China’s stock market bounces back, after govt steps in to stop huge slidePublished time: July 09, 2015 02:25Edited time: July 09, 2015 12:06Get short URLReuters / Tyrone SiuTagsEconomy, Investment, MarketsChinese stock indexes rebounded Thursday. The Shanghai Composite added about 6 percent after the securities regulator made a bold move and stopped shareholders with more than a five percent stake in […]
Gavyn Davies is a macroeconomist who is now chairman of Fulcrum Asset Management and co-founder of Prisma Capital Partners. He was the head of the global economics department at Goldman Sachs from 1987-2001, and was chairman of the BBC from 2001-2004.He has also served as an economic policy adviser in No 10 Downing Street, an external adviser to the British […]
Kraft Heinz Company Begins Trading MondayBy Paul Ausick July 5, 2015 9:47 am EDTPrintEmail A deal announced in late March that brought together two of the country’s best-known consumer food products companies is now complete and stock in the new Kraft Heinz Company begins trading Monday July 6th on the Nasdaq under the ticker symbol KHC. The new firm will […]
