China slows a “wee bit”–but that’s too much for an already nervous market
Growth in China's economy has slipped to the lowest rate since 2016. Which isn't huge negative news except that Chinese financial markets are already nervous enough to have pushed Chinese stocks into a bear market. In the second quarter of 2018 annual growth rose by...Asia markets in one-day bounce–but I’ll take it
News from Asian markets has been so bad lately, with China in a bear market and Japan in a correction--that even today's one-day bounce seems like extraordinarily good news. In Japan, which has been in a stock market correction, the Nikkei 225 index climbed 1.2%....Finding a bottom for China’s Shanghai market–some very tentative thoughts
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...At the end of the day, U.S. markets decide interest rate cuts from China’s People’s Bank won’t be enough to keep China stock markets happy tomorrow
Even at their most optimistic today, U.S. markets weren’t totally convinced that Shanghai and Shenzhen wouldn’t do something “nutty” when they open tomorrow (tonight New York time.) Apparently at the end of trading today New York investors decided that the risk of a negative Chinese reaction was just too great and they sold “just in case.”
Saturday Night Quarterback (on Sunday) says, For the week ahead expect…
It would be “normal” for stocks to bounce on Monday as at least some bargain hunters crawled out of the wreckage and decided to buy Apple (AAPL) 6.1% lower on Friday at $105.76, down 14.6% from its July 20 high of $132.07 or Netflix (NFLX), down 7.6% on Friday and now down 17.1% as of Friday’s close from the August 6 high of $126.50. If there’s no bounce, we know that markets are a deeply panicky
Trick or Trend: Are cash flows in mainland stock markets showing that China’s investors have lost faith in the government’s ability to push prices up again?
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...A good day in Shanghai as stocks fall “only” 1.68%
The Shanghai market, which fell 8.5% yesterday, started today with a 5.1% drop before recovering to close down just 1.68%. So, yes, Shanghai stocks did do better than they did in yesterday’s historic rout and they did rally from an early morning performance that had all the feel of a continuation of yesterday’s panic. But “recovery”?
Saturday Night Quarterback says, For the week ahead expect…
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Trick or Trend: Bounce in China’s bear market for stocks takes some of the pressure off commodities–but an actual copper or oil rally waits for good news on supply
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Today’s developments on our two financial crises–Greece and China
Overnight the Shanghai market gained 5.76%. The Shenzhen market moved up 3.76%. The ChiNext market on the Shenzhen exchange climbed 3.03%. That’s being touted as a “recovery.” Greece put a detailed, credible negotiating proposal on the table tonight AHEAD of the midnight deadline. Newspaper reports from Athens say the proposal includes 13 billion euros of new austerity measures in exchange for 50 billion in new bailout money.
Has China’s bear market delayed a Federal Reserve interest rate increase until 2016?
If the Fed was thinking on June 16-17 that it might hold off on a rate increase and leave the Fed funds rate at 0%, where it’s been since 2008, because of worries about Greece, I think it’s safe to conclude that, with China looking now at what is best termed a stock market in free fall, a September interest rate increase is just about off the table.