Market Pulse - Asia
White House reportedly rejects trade planning meeting with China
Selling on Wall Street picked-up on Tuesday afternoon following a report that the White House had cancelled a meeting between top US and Chinese trade officials.
US to pursue extradition for Huawei executive Meng Wanzhou
The United States is expected to proceed with formal extradition proceedings for Huawei executive Meng Wanzhou, who was recently detained in Canada under accusations of violating US sanctions on Iran.
Asia report: Markets lose traction after fresh IMF forecasts
Markets in Asia finished in the red on Tuesday, with sentiment taking a dip worldwide after a disappointing outlook on the global economy from the International Monetary Fund overnight.
Chinese President warns of 'serious' threats to Communist Party's long-standing rule
China's President harangued top Communist Party officials on Monday about the challenges facing the country, including the "serious" threats that existed to the party's long-standing rule.
Week ahead: UK Withdrawal, China data in focus
All eyes will shift back towards Westminster this coming week, with the Prime Minister set to present her 'Plan B' for Britain's withdrawal from the European Union on Monday, even as she comes under pressure from many sides to cede on some of her 'red lines'.
Asia report: Markets make gains despite disappointing China data
Markets in Asia started the week with gains across the board after their respective sessions on Monday, even as investors sifted through some disappointing data on China’s economy.
BofA-ML forecasts stronger Russian rouble
Analysts at Bank of America-Merrill Lynch forecast a stronger rouble for 2019, pointing to upwards revisions to their projections for the Russia Federation's current account surplus and perhaps also a 'hawkish' central bank.
China growth cools to lowest since 1990
China's economy last year grew at its slowest rate since 1990, as gross domestic product growth cooled in the fourth quarter.
FX round-up: Traders cautious ahead of PM's announcement, analysts divided
Sterling gave back a portion of its weekly gains as traders played it safe ahead of another potentially critical week in Britain's withdrawal process.
Commodities: Brent gains on trade hopes, drop in US rig count
Energy and base metals moved higher at the end of the week on the back of positive-sounding news around the US-China trade talks and as more details emerged regarding the first round of talks between Beijing and Washington at the beginning of January.
China offers six-year plan to cut trade surplus with US to zero, Bloomberg reports
China has offered to embark on a six-year $1. 0trn buying spree of US goods in a bid to reconfigure the trade relationship between the two economic giants and reduce its trade surplus with America to zero by 2024, Bloomberg reported.
IEA sticks to forecast for slight pick-up in global oil demand for 2019
The rich world's energy watchdog reiterated its forecast for global oil demand growth in 2019, even as it highlighted the multiple sources of uncertainty which existed on both the demand and supply sides of the equation.
Washington may be open to lifting some tariffs on China, Journal says
Washington might be prepared to make concessions of its own should Beijing decide to 'play ball' in upcoming trade talks.
Asia report: Markets end week higher on fresh trade hopes
Markets in Asia finished mostly higher on Friday, as traders welcomed reports that Washington could be considering an easing of punitive tariffs on China as a way to progress trade discussions with Beijing.
Asia report: Markets mixed as PBOC pours cash into banking system
Markets in Asia finished in a mixed state on Thursday, as the Chinese central bank injected a massive amount of cash into that country’s banking system, and after a decent session on Wall Street overnight amid the US earnings season.
US crude oil stockpiles shrink, but product inventories jump further
US crude oil inventories fell by more than was expected last week as net imports dropped, but product stockpiles continued to build rapidly, helped by another leg up in domestic oil production.
Asia report: Markets mixed amid fresh Brexit concerns
Markets in Asia finished in a mixed state on Wednesday, as investors shrugged off a solid overnight session on Wall Street and instead focussed on renewed concerns around the UK’s exit from the European Union.
Commodities: Oil, copper gain on China stimulus
Energy futures snapped higher in late trading as the Greenback cut its earlier advance following news of a landslide rejection of the British Prime Minister's Brexit proposal.
China urges Canada to immediately release Huawei executive
China’s Foreign Ministry urged officials in Ottawa to immediately release Huawei executive Meng Wanzhou.
Asia report: Most markets higher despite overnight dip in sentiment
Most markets in Asia finished higher on Tuesday, even amid continuing concerns that China’s economy was slowing down as a result of its ongoing trade war with the United States.