China manufacturing index shows expansion in December–but at a slower pace
Yesterday the private Markit/Caixin Purchasing Managers Index showed that China's manufacturing sector expanded in December. The 51.5 reading put the sector into expansion territory (anything above 50 marks an expansion) but was slightly below the 51.7 level forecast...
A lot of data for a short holiday week
Trading volumes will be low and investors attentions will be focused elsewhere than the financial markets, but this is a week with a surprising amount of market news. Tomorrow, Tuesday December 31, China announces the official Purchasing Managers Index for...
More stimulus on the way in China
It looks like looser monetary policy is on the way in China for 2020. Chinese Premier Li Keqiang said Monday the government will study further cutting bank reserve requirements in 2020. It's a good bet that the Premier would have raised the possible policy change if...
Tariff news from China today should be enough to feed rally in holiday markets
We've got two short weeks coming up--since the New York markets are closed this week for Christmas and next week for New Year's--when trading volumes shrink and it doesn't take much in the way of news to move stocks up or down. I think we got that dose of "sufficient...
China’s economy is showing big strains–that a trade deal with the United States won’t fix
Hengfeng Bank has announced that it will sell 100 billion shares in a private placement to raise cash. This is the third Chinese commercial lender to receive government assistance since May. Investors in the deal will include Central Huijin Investment (60 billion...
IMF raises China growth forecast on announcement of Part 1 U.S.-China trade deal
The new head of the International Monetary Fund, Kristalina Georgieva, has told China's Caixin Global news service, that she expects the Part 1 agreement to boost China's GDP growth to 6% in 2020. That would be an increase from the IMF's previous projection of 5.8%...
China’s economy continues to weaken
The manufacturing sector--thanks to the U.S.-China trade war--continues to slow China’s economy. But the real problem may be an underperformance in the services sector that makes it impossible for that sector to pick up the slack. The end result is that the third...
Bad news on China’s economy and then disappointing news from the People’s Bank
The assumption in Chinese financial markets has been that if the data showed the Chinese economy slowing further, the People's Bank would ride to the rescue with increased stimulus. Well, the data did it's part on Monday. Industrial output rose just 4.4% year over...
Updating First Quantum Minerals in my Volatility Portfolio and making it #3 in my bottom fishing Special Report
First Quantum Minerals (FQVLF) is tricky for bottom fishers. If the challenge with Illumina (ILM), my #2 pick for my 5 Bottom Fishing Picks Special Report, is figuring out when the bad news will all be in the stock--hence making it a good buy for bottom fishers, the...
China’s economy continues to slow in second quarter
Of course, we can't trust China's official GDP statistics. Government economists cook the books so that China's growth stays within the goals set by the country's leaders every year. But investors should pay attention to the trend. And this quarter the trend is...
China and Singapore show continued weakness in global economy
Trade analysts call Singapore's export-driven economy the canary in the coal mine for the global economy. In which case that canary is looking kind of wobbly lately. Singapore's GDP contracted at an annualized 3.4% rate in the second quarter. That's the biggest...Jim’s Stock Alerts
Download Jim’s eBook for Free
