A volatile start to the second quarter for iron ore prices which swung sharply in trading across Asia on Monday. Iron ore prices slumped sharply, then rebounded just as sharply on Monday in holiday -impacted trading after China’s steel industry associated urged producers to cut production and iron ore stocks at 45 major Chinese ports […]
Iron Ore prices swing wildy in Asian trading Read More »
US markets kicked off the post Easter week by giving up ground on what was a winning month for March and a strong first quarter. New inflation data raised concerns that the Fed may struggle to hit its target of three rate cuts by the end of 2024. The Dow fell 0.6 per cent, the
Markets slide as new data raises renewed inflation fears Read More »
The irony couldn’t have been starker – there was China’s President Xi Jinping sweet talking a group of foreign CEO’s last week and while this was going on two major listings – of parts of Chinese-owned companies, were pulled. In a series of high-profile events, Chinese officials pledged equal treatment for foreign firms, expressed confidence
Chinese Govt talks up economy in the face of tough market conditions Read More »
Why do American economists, analysts and everyone else seem to think interest rates need to fall when it’s clear that inflation – while a little resistant at the moment – is slowly cooling, the economy remains solid and growing, retailing sales and household spending are ticking over nicely, business investment is more than OK and
Robust US data points raise questions over 2024 rate cuts Read More »
More signs of renewed life in the Chinese and Japanese economies with the two surveys of business activity showing improvement in March. The official survey of big companies conducted by the National Bureau of Statistics (NBS) produced the most interesting results as China’s manufacturing activity expanded for the first time in six months in March.
Chinese manufacturing activity expands for the first time in 6 months Read More »
