China-US trade Archives - The Industry Spread

Low volatility ahead of the FOMC Meeting

March 20, 2019

Asia stocks finished flat today as traders await the U.S. Federal Reserve meeting later during US session. Media reports have suggested that progress in relation to China-US trade negotiations have been stymied with the Chinese unwilling to yield to US demands. In Japan, the Nikkei225 main index added 0.20 percent to 21,608 and the Hang Seng benchmark in Hong Kong finished 0.32 percent lower at 29,368.

Market Entered Corrective Rally Ahead of Powell’s Speech

February 27, 2019

Major markets saw corrective price action on profit booking post yesterday’s price rally inspired by Sino-U.S. trade optimism and investors now await Powell’s speech for short term directional cues while awaiting headlines on UK parliament session tomorrow.

Fed to be Patient Raising Rates, Asian Stocks at Four Month High

January 31, 2019

Asian stocks finished the session close to four-month highs, following Wall Street indices, after the FED pledged to be patient in raising rates going forward. Shares in Japan was 1.06% higher at 20,773, and the Shanghai Composite index is gaining 0.35 percent. In Hong Kong, the Hang Seng index finished 1.04 percent higher at 27,935, and South Korea’s Kospi added 0.2%. Australian stocks have not been able to replicate the positive performance in other Asia markets with ASX200 giving up 0.4 percent to 5,864.

Asian Indices Higher on Renewed Hopes about US-China Trade Relations

January 21, 2019

China revealed a bunch of economic data. On an annual basis, fourth-quarter GDP was 6.4%, and the consensus was 6.4%. Analysts were expecting retail sales to be 8.2%, and they came in at 8.2%. Industrial output was 5.7%, while traders were anticipating 5.3%. Fixed asset investment was 5.9%, and economists were expecting 6%. China’s economy grew by 6.6% in 2018, its slowest pace since 1990. Brexit will remain in focus this week.