Shorts – Summaries

The Day Today 12th July 2023

China loan growth accelerated in June, aggregate financing was 4.2 trillion yuan vs f/c 3.1 trillion. Japan core Machinery Orders fell 7.6% mom in May, vs f/c gain of 1.0% Nasdaq to undertake a special rebalancing after the top tech stocks became too large of a proportion of the index. Sony shares fell 2.7% after a San Francisco federal judge ruled in favour of Microsoft’s takeover of Activision…

Read more >

The Day Today 11th July 2023

Turkey agreed to support Sweden’s NATO bid. Foxconn pulled out of joint venture with Vedanta to produce semiconductor chips in India. Hong Kong leader said it will ban more products from Japan if the wastewater from the Fukushima nuclear plant is discharged. N Korea leader’s sister accused the US of intruding into their economic water zone. UK consumer spending increased on warm weather in June….

Read more >

The Day Today 10th July 2023

China Producer Prices fell further, down 5.4% against expectations of -5.0% and -4.6% prior, while annual CPI was flat. US Tsy Sec Yellen said she had a “constructive visit” to China and that she “made clear that the United States is not seeking to decouple from China”. China Finance Ministry statement called on US to…

Read more >

The Day Today 30th June 2023

China Manufacturing PMI steady at 49.0 but Non-Manufacturing PMI falls to 53.2, lowest for the year so far. As the Yen hits a seven month low against the dollar, Japan Fin Min said “The government is watching the market with a very high sense of urgency. Rapid and one-sided movements are also seen. Any excessive movement will be dealt with appropriately”….

Read more >

The Day Today 28th June 2023

Biden administration is considering new restrictions on exports of AI chips to China according to the WSJ. US imposed sanctions on four companies and one individual connected to the Wagner Group and its founder Yevginy Prigozhin. Japan’s top currency diplomat Masato Kanda said “we are closely watching currency moves with a strong sense of urgency”….

Read more >