Aussie market finished slightly positive after moving up and down with real lack of any strong sentiment. The ECB move was supposed to deliver the push for global markets after Super Mario went all guns blazing. The problem was the underlying data showed that things are getting worse and the... Show More
Aussie market started positive with global sentiment and continued up to finish very strong. Pretty much everything is going up…currency, commodities, European markets, US markets, Asian markets…even Shanghai Composite is up for now. Super Mario is talking tonight and that should give more clarity into ECB outlook while BOJ still... Show More
Aussie market was taken down today by WOW and NAB with a bit of overseas investor selling thrown in the mix. WOW result was expected to be bad and it was very bad. WOW around $24-25 remains a good long term yield buy idea on the restructure play. We have... Show More
Aussie market remains aimless and flat as it waits for central bankers to set the tone. The week of the central bankers will kick of tomorrow with US Fed and even PBOC may come to the market on their outlook. The best performing sectors were Gold, Health Care and Telcos... Show More
Aussie market was aimless and traded flat as it waits for central bankers to set the tone. We have just started “The week of the central bankers”. There are four central banks in action…(1) China’s PBOC are in the middle of the 4 day meeting to come up with their... Show More
Aussie market moved up with no real conviction as the world waits for US Fed, PBOC and BOJ. US Fed interest rate cycle continues to divide opinions. Chinese leadership are now talking partial privatisation of SOE (i.e. State Owned Enterprises). This will improve efficiency and growth but also deliver higher... Show More
Proposed regulations to severely limit online payments in China could shake up one of the country's most innovative and valuable markets, experts warned this week. If implemented, it would impose caps on the value of online transactions of as little as 1,000 yuan (US$157). http://www.scmp.com/tech/e-commerce/article/1854684/chinas-booming-e-commerce-market-faces-challenges-regulators-seek. Show More
Aussie market started flat and trended down before getting hit by domestic growth scare with current account deficit blowing out and global growth scare with China PMI falling again. China continues to support their equity market while putting restriction on speculation trading on Yuan. The market remains spooked with Chinese... Show More
Aussie market broke the four day positive trend to deliver a negative day to finish the worst month since GFC. There are media articles saying that Chinese government has put together 100b Yuan to buy back shares on the market while arresting Citic employees on rumourtrage. This moves once again... Show More
Aussie market delivered fourth straight positive day on the back of global optimism that China is taking the right steps forwards. We turned cautiously positive when the market opened up with a big sell on Tuesday and the market fell to long term fair value. This valuation support level has... Show More
Aussie market delivered third straight positive day as DOWJONES popped over 600 points (i.e. 3rd best day ever!!!). We turned cautiously positive when the market opened up with a big sell on Tuesday and the market fell to long term fair value. This valuation support level has held for the... Show More
Aussie market delivered another positive day despite futures pointing to a negative day at the open. As we wrote on the “Morning Strip”, we expected the negative day to turn positive as market started to look past the short term worries and paid more attention to long term dynamics in... Show More
"The world may have qualified reasons to welcome yuan devaluation if Chinese policymakers’ assertions are taken at face value – that shifting the yuan’s price setting towards market forces is the sole motivation. Show More
“Our EM strategists have expected for some time that the Chinese RMB would depreciate around 7-8% this year, while our China-focused strategists have argued that any depreciation would be more benign, because Chinese policymakers have a strong interest in maintaining a stable exchange rate and to avoid being labelled a... Show More
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By setting a lower mid-point for the renminbi’s trading band the People’s Bank has sparked speculation that it is embarking on a competitive devaluation of the currency in order to shore up exports. In reality, the move was largely the result of a technical change to how the reference rate... Show More
China’s foreign exchange reserves have dropped for four straight quarters, leading to a fresh round of warnings about capital outflows. Bearish China analysts will view capital outflows as a sign of waning confidence warning that they will drain liquidity from the domestic economy, making it harder for companies and local... Show More
A few weeks ago one of our regular readers asked if we could put together a video session covering some questions being raised about the changing dynamics in China. Both Kevin Bertoli from PM Capital and Tim Cheung from Morphic Global Asset Management invest in companies that are either listed... Show More
In China the equity markets continue their unprecedented rally, as the Shanghai Composite pushes toward 4500 points. In just eight months the index is up 102%. Share turnover is also hitting records with some $250 billion per day when combining the Shanghai and Shenzhen exchanges. This sudden rally has also... Show More