Tag: China

More on US ban chips to China – Applied Materials cuts quarterly revenue, profit estimates

Last week the US banned Chinese companies from buying advanced chip-making equipment or employing American citizens without a licence.The impacts are mounting, these from earlier:This from Reuters:Chip-making technology supplier Applied Materials Inc said...

New Zealand Dollar Bucks USD Strength but APAC Sentiment Fragile on China Lockdowns

New Zealand Dollar, NZD/USD, China, Covid, Sentiment, Technical Outlook – Talking PointsAsia-Pacific markets are set to trade amid fragile market sentiment backdropChina lockdowns are threatening economic demand ahead of National CongressNZD/USD may enter...

FX Week Ahead – Top 5 Events: UK GDP; FOMC Minutes; US Inflation Rate; China Inflation Rate; US Retail Sales

FX Week Ahead Overview:The scope and scale of the UK’s recent economic troubles will be revealed with the release of the August UK GDP report on Wednesday.The state of the US economy is...

China returns from holiday. Japan celebrates sports day. What’s coming up

It's a light start to the week in the US with the semi-holiday that's Columbus Day but the Asia-Pacific calendar has some notable events.Most notable is that China is returning from a week...

Weekend data – China September Services PMI dropped into contraction, first time since May

Caixin Services Purchasing Managers' Index (PMI) for September 2022 came in at 49.3China's economy is struggling under the weight of ongoing COVID outbreaks and the imposition of restrictions on activity. As well as...

Spare oil capacity risks complete erosion when China reopens

(Bloomberg) — The world’s biggest oil company reiterated its warning that producers’ spare capacity is running low and said there wouldn’t be any left once China ends its Covid Zero strategy. ...

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