Tencent shows a Chinese Internet company can still grow profit
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...This morning bad news from China is bad news–does this signal a turn in sentiment?
I think it’s too early to call this a major change in market sentiment. After all, we’re at the end of an up week for most markets and a bit of selling before the weekend is certainly to be expected. But I’d certainly raise my warning flags a little higher up the staff
It looks like Home Inns and Hotels delivered enough to confound the sellers
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...More bad news is good news this morning–now from China
The bad news from China today has been enough to lift Chinese stocks—Hong Kong’s Hang Seng index closed up 1.1% on the news—but it hasn’t been bad/good enough to do the same for Europe. The French CAC 40 was up 0.54% today but the German DAX Index nudged into negative territory with a 0.02% drop. The Spanish IBEX 35 fell 056% and the Italian FTSE Milan Index was down 0.08%.
Volatility surges on Home Inns and Hotels (HMIN) as traders think about selling the (good?) news in tomorrow’s earnings report
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...As stock markets around the world digest the rally/bounce that finished last week, the momentum seems to be flagging
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...Beijing talks stimulus and China’s stock markets still listen
When the Chinese government talks, China’s stock markets still listen. Let’s see if the Federal Reserve—due to speak today—and the European Central Bank—due to speak tomorrow—have anything like this clout. Despite data showing that the Chinese economy continues to slow, stocks rose today in Hong Kong and Shanghai on a government pledge that maintaining stable growth is still the government’s top priority.
One point of light–manufacturing activity in China looks like it picked up in July
Yesterday the July report of the flash index of China’s purchasing managers in the manufacturing sector showed a rise to 49.5 from 48.2 in June. That brings the index close to the 50 level that divides expansion from contraction in the sector, and while still leaving the index on the contraction side of 50, it marks the best level for the index since February.
The gamblers in Hong Kong and Shanghai sell on a report that a central bank advisor predicts growth in the third quarter will slow to 7.4% from 7.6%
Chinese stocks plunged overnight on news that an advisor to the People’s Bank of China had predicted that China’s economy would grow by just 7.4% in the third quarter. This is only important if you’re a gambler rather than an investor–which, of course, means that the very short-term reaction by China’s markets was intense
Home Inns and Hotels is doing what it should be doing in a weak Chinese economy–even if the stock price is taking a beating
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...China’s leaders decide reform is too risky and go for the growth
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