yuan devaluation

Patrick Poke

Back in January, China sent world markets into a correction as they devalued the Yuan; between 31 December and 11 February, the broad MSCI All Countries World Index fell by 12%. Now, while everyone’s attention has been turned towards Britain, they’ve been quietly devaluing again. The Telegraph’s Ambrose Evans-Pritchard reported... Show More

Livewire Exclusive

“China’s had one of the biggest credit booms in modern history. Historically, credit booms of that size, which happen that quickly, they all result in financial crises,” says Harry Colvin, Senior Market Strategist at Longview Economics. So can China’s economy finally fulfil the age-old mantra of ‘this time is different’?... Show More

Livewire Exclusive

Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes one side effect of negative rates is that investors are being forced to invest in real assets. “Hansen says the most obvious example is in gold, however, he also says the trend is evident in oil, copper and even iron... Show More

Mathan Somasundaram

Aussie market started very negative before recovering over 1% from the lows with better commodities and China property data. The currency also saw some strength to push back above 69 cents while overall commodity cycle remains negative leading into the Chinese New Year. The recent corrections in global markets are... Show More

Mathan Somasundaram

Aussie market surprised everyone with a short covering recovery to finish on a strong positive despite the early morning selloff. The global unknown is the growth rate of the Chinese economy. Global sentiment improved today as PBOC tried to calm markets down confirming their growth outlook views while leaving the... Show More

Mathan Somasundaram

Aussie market got another day of working over by global investors getting out for currency worries. Aussie market is caught between global investor selling on currency worry and local investors buying for better yield. China growth worries will drive Yuan further down and that will hit Asian/Commodity countries. We are... Show More