-- US Treasury Secretary Janet Yellen’s mission to address the threat of cheap China exports is set to increase pressure on the nation’s makers of solar panels, electric cars and batteries.S&P 500 Falls 1% as Oil Jump Spurs Flight to Bonds: Markets WrapAlready, major producers like Longi Green Energy Technology Co. and BYD Co. have underperformed the broader MSCI China Index this year as they struggle with domestic price competition or overcapacity.
Exports to North America more than tripled to 7,687 in the first two months of the year, according to Chinese customs data compiled by Bloomberg. Still, that’s just a fraction of the almost 250,000 vehicles shipped globally. The Biden administration has offered tax credits for US-made EVs. China’s Contemporary Amperex Technology Co., the world’s largest battery maker that supplies to almost every major automaker, has seen its shares climb 21% this year, handily beating benchmark Chinese indexes.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Premarket: Global stocks dip, shifts in FX unsettle tradersShares struggled for traction as mixed messages from U.S. policymakers and a wobble in the Chinese yuan left traders tentative ahead of Friday’s release of U.S. inflation data
Herkunft: globebusiness - 🏆 31. / 66 Weiterlesen »
Markets today: Stocks pull back as traders await fresh catalystsU.S. stocks were poised to open lower after last week’s strong rally as investors assessed the outlook for corporate earnings ahead of key data from the U.S. that may give further clues on the Federal Reserve’s policy path.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
Traders Look to Consumer Stocks for Clues on Where Fed Is HeadedWith the Federal Reserve prepared to meet this week and reveal their thinking about the path for interest rates, traders are looking to a key corner of the stock market for clues: shares of companies that make the stuff Americans buy.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
Traders brush off CPI to buy stocks and crypto as Bitcoin consolidates below $72kThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Herkunft: KitcoNewsNOW - 🏆 13. / 78 Weiterlesen »
European Stocks Tick Up as Traders Assess Data, Rate-Cut OutlookEuropean stocks edged higher as the latest US economic data somewhat assuaged concerns about rates staying higher for longer.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »
Chinese Stocks Jump in Hong Kong as Economic Optimism Builds(Bloomberg) -- Chinese shares in Hong Kong rose as traders returned from a two-session break, tracking Monday’s gains in onshore stocks on fresh signs of an ...
Herkunft: YahooFinanceCA - 🏆 47. / 63 Weiterlesen »