China’s PBOC boosts liquidity joining ECB, while US Fed is expected to reduce stimulus
The People’s Bank of China injected funds into China’s largest banks, signaling utmost concern over the economic slowdown, thus joining the ECB; the Fed is expected to announce the successive cut in its monthly More...
China may join countries boosting their gold reserves in an environment of huge holdings imbalances
China may become the next country to boost its gold reserves, having only modest amounts compared to developed economies’ holdings. China may become yet another emerging economy to increase its gold reserves. More...
Brent crude oil slumps to lowest in over 2 years on China anxiety
The firm US dollar and meager economic data from China, the biggest oil consumer worldwide, resulted in yet another slide for Brent crude oil; the latter sank to its lowest level in over two years. On Monday, Brent More...
Gold slumps to 8-month low on Fed monetary tightening fears
Bullion continued its losing streak on the Comex division of the NY Mercantile Exchange and silver did likewise, as a survey fueled bets the Fed may signal a rate hike on its policy meeting next week. On the New More...
Iron ore prices slump owing to huge global surplus
Iron ore prices dropped to the lowest since 2009; in China, steel demand is shrinking and mines are closing, but hopes are pinned on urban growth and hence larger steel demand, as Chinese urban population is growing. Prices More...
China’s August flash PMI falls more than estimates suggest
The China preliminary manufacturing gauge for August exceeded analysts’ expectations on the downside, owing to a credit and property slump. The China manufacturing gauge for the month of August displayed a figure, More...
China’s economy softened further in July
China’s economy continued softening in July despite steady government stimulus measures; more accommodative policy needed for the economy to return to its full potential. China’s economy softened further More...
China’s economy sees record trade surplus due to strong exports
China reports a record surge in exports; policymakers hopeful that global demand will aid the recovery of the country’s weak housing market and services sector. China’s economy saw a record trade surplus in More...
Gold trading lower compared to Friday close
Gold is trading 0.40% lower as Hong Kong imports for China continue to decline. Gold quoted in dollar terms last traded at $1307.90 an ounce on Friday, with the situation in Russia and Ukraine aggravating further. More...
The China PMI figure is likely to give a boost to the energy and metals complex
The positive China PMI figure gives hope that the country is gradually going over its recent soft patch and sets a bullish daily tone to energy and metal futures. Energy commodities and metals would be probably More...
