News Formal

Chinese market volatility and US CPI to dominate FX

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 26 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

China 뉴스

USDCNH,Equities,Banks

Chinese equities are seeing high volatility, as markets swing between anticipation and disappointment over China’s fiscal support, DBS’s FX analyst Philip Wee notes.

RMB swayed amid equity swings “The CSI300 fell by 7% yesterday, after a meeting by the National Development and Reform Commission offered no details on fiscal spending. Nevertheless, the boost to sentiment from the slew of September policy announcements should not be discounted, and Chinese stocks are still over 20% higher despite yesterday’s losses.” “Finance Minister Lan will hold a briefing on fiscal policythis Saturday, and Chinese market volatility could continue for now.

USD/CNH had bounced to 7.09 amid equity volatility,which is unsurprising given over USD9bn of inflows to US-listed Chinese equity ETFs on hopes of the efficacy of Chinese stimulus.” “We expectRMB gains on policy stimulus to be gradual given a still fragile economic outlook, and high uncertainty with regards to external trade and tariffs. Last Friday, the EU has voted to formally enact tariffs on Chinese EV imports, and China had also announced anti-dumping measures on EU brandy in response.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 14. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Jim Cramer's week ahead: CPI data and earnings from Delta, Domino's and major banksCNBC's Jim Cramer reviewed next week's top market-moving action.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Cramer Reviews Market Action for Next Week, Highlights Earnings Reports and CPI DataCNBC's Jim Cramer breaks down the key market events to watch next week, including earnings reports from PepsiCo and General Motors, upcoming CPI data, and a slew of other company reports.
출처: NBCNewYork - 🏆 270. / 63 더 많은 것을 읽으십시오 »