Global Economic Intersection
Advertisement
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitIQ
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
  • Home
  • Economics
  • Finance
  • Politics
  • Investments
    • Invest in Amazon $250
  • Cryptocurrency
    • Best Bitcoin Accounts
    • Bitcoin Robot
      • Quantum AI
      • Bitcoin Era
      • Bitcoin Aussie System
      • Bitcoin Profit
      • Bitcoin Code
      • eKrona Cryptocurrency
      • Bitcoin Up
      • Bitcoin Prime
      • Yuan Pay Group
      • Immediate Profit
      • BitIQ
      • BitQH
      • Bitcoin Loophole
      • Crypto Boom
      • Bitcoin Treasure
      • Bitcoin Lucro
      • Bitcoin System
      • Oil Profit
      • The News Spy
      • Bitcoin Buyer
      • Bitcoin Inform
      • Immediate Edge
      • Bitcoin Evolution
      • Cryptohopper
      • Ethereum Trader
      • BitQL
      • Quantum Code
      • Bitcoin Revolution
      • British Trade Platform
      • British Bitcoin Profit
    • Bitcoin Reddit
    • Celebrities
      • Dr. Chris Brown Bitcoin
      • Teeka Tiwari Bitcoin
      • Russell Brand Bitcoin
      • Holly Willoughby Bitcoin
No Result
View All Result
Global Economic Intersection
No Result
View All Result

Early Headlines: China Yuan Gains IMF Backing, Chinese Markets Bubble, Bond Market is Saying 2016, Controversial EU Migrant Quota System and More

admin by admin
May 27, 2015
in Uncategorized
0
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

Early Bird Headlines 27 May 2015

Econintersect: Here are some of the headlines we found to help you start your day. For more headlines see our afternoon feature for GEI members, What We Read Today, which has many more headlines and a number of article discussions to keep you abreast of what we have found interesting.

early-bird-301-180

U.S.

  • Bond Traders Uncover Secret to Rates That Fed Doesn’t Get (Bloomberg Business) For years, the $12.6 trillion U.S. Treasury market has signaled — correctly — that the Federal Reserve was too optimistic in its outlook for the economy and interest rates. And now the bond market is saying: Forget 2015, 2016 is the earliest for a rate hike.

EU

  • EU to announce migrant quota plan details (BBC News) It is being reported that 40,000 asylum seekers would be spread across the EU countries through a quota system. The British government says that it will opt out of the relocation plans. France, Spain, Hungary, Slovakia and Estonia have all voiced concerns.

UK

  • London sets up catastrophe bond task force (The Business Times) Britain has created an expert group to put forward proposals on how the country can become a center for catastrophe bonds, used by insurers as a hedge against disasters and other costly events from hurricanes to lottery jackpots.

Switzerland

  • Authorities Arrest Top FIFA Officials During Early Morning Raid (Time) Swiss officials rounded up six leading soccer officials in Zurich on Wednesday morning as a part of an operation that will likely see the suspects extradited to the U.S. on corruption charges. Graft charges relate to World Cup bids and broadcast rights.

India

  • 10 factors that could influence markets in Modi’s second year (Business Standard) Economists say a range of external and internal factors will determine the direction of India’s economy in the second year of Prime Minister Narendra Modi’s government. And global events may overwhelm the domestic ones.
  • Scope for one more rate cut (Business Standard) Under its new monetary policy framework, the Reserve Bank of India (RBI) is committed to ensure that the economy disinflates gradually to 6% Consumer Price Index (CPI)-based inflation by January 2016, before it reaches the final target of 4% by 2017-18.

South Korea

  • S. Korea’s terms of trade rise for 8th month in April (Yonhap News) South Korea is making good use of lower oil prices.

China

  • IMF says yuan is no longer undervalued amid reserve currency bid (The Business Times) The International Monetary Fund officially dropped its long-held view that the yuan is undervalued, strengthening China’s case for the currency to win reserve status at the lender.
  • China releases guidelines for economic reform priorities in 2015 (Reuters) Chinese policymakers on Monday announced guidelines for reform priorities in 2015, ranging from streamlining administrative procedures to boosting the yuan’s global role, as Beijing steps up efforts to open up the country’s capital markets. With the ultimate goal of restructuring the economy to boost consumption at the expense of exports and investment, Beijing has remained focused on a range of reforms, including freeing up the workforce to liberalizing China’s nascent financial market. Specific areas targeted for reform included state enterprises, taxation, the Shenzhen Hong Kong stock connect (see next article), deposit rates, the initial public offering system, and boosting the global status of the yuan among others.
  • When Predicting China Stocks There’s Only Wrong and Very Wrong (Bloomberg) A flood of money into Chinese stocks is thwarting analysts’ efforts to get a handle on the market. The difficulty lies in assessing fundamentals unmoored by the influx. See both preceding article and the next article.
  • These Nine Charts Show the Shenzhen Stock Market Is Like No Other Market in the World (Bloomberg Business) This is a bubble? Or is it a new permanently high level? The Shanghai market, which is open to global investors, is up 140% over the last 12 months (and 100% 2015 YTD). The Shenzhen market, which is not open to global investors, is up 180% over the past 12 months (and 140% 2015 YTD). See first chart below. Why is the Shenzen outperforming? The Shenzhen market will become accessible to investors outside of China with the Shenzen-Hong Kong stock connect expected to be established sometime this year. Chinese investors are trying to “front-run” the surge expected when foreign money starts pouring in. Once the new “connect” is established, joining the Shanghai-Hong Kong connect operating since last year, the Hong Kong-Shanghai-Shenzhen complex will be the largest stock market in the world outside of the U.S. But is the Chinese enthusiasm sustainable? Well, median PE (price-earnings ratio) on the Shenzhen exchange is 108 and the dividend yield is 0.26%. That is nose-bleed territory, far above the highest PE ratio for the NASDAQ Composite (72) in the dot.com bubble. Also, the climb of the Shanghai market is closely paralleling the build-up to the2008 bubble top, see second chart below.

shenzhen.shanghai.1.year.2015

shanghai.2007.2015.may.26

 


BECOME A GEI MEMBER – IT’s FREE!

Every every afternoon What We Read Today featured column is available only to GEI members.

To become a GEI Member simply subscribe to our FREE daily newsletter.


Previous Post

Why Regulating Banks Will Never Work: Greece as a Case Study

Next Post

Households Are Increasingly Optimistic

Related Posts

Sam Bankman-Fried Gave $16M To Super PACs In April, Became One Of The Biggest Donors
Finance

Sam Bankman-Fried Gave $16M To Super PACs In April, Became One Of The Biggest Donors

by John Wanguba
May 24, 2022
Weaker Dollar Keeps Bitcoin Above $30K As Analysts Target 60% BTC Dominance
Economics

Weaker Dollar Keeps Bitcoin Above $30K As Analysts Target 60% BTC Dominance

by John Wanguba
May 20, 2022
Ethereum Developers Tip The Merge Might Happen In August ‘If All Goes As Planned’
Business

Ethereum Developers Tip The Merge Might Happen In August ‘If All Goes As Planned’

by John Wanguba
May 20, 2022
Commonwealth Bank Puts Crypto Trading Test On Ice As Regulators Hesitate
Business

Commonwealth Bank Puts Crypto Trading Test On Ice As Regulators Hesitate

by John Wanguba
May 20, 2022
Musk Hints He Could Reprice Twitter Deal As He Looks At Fake Accounts
Business

Musk Hints He Could Reprice Twitter Deal As He Looks At Fake Accounts

by John Wanguba
May 18, 2022
Next Post

Households Are Increasingly Optimistic

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins banking Binance Bitcoin Bitcoin adoption Bitcoin market Bitcoin mining blockchain BTC business Coinbase crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi digital assets Elon Musk ETH Ethereum Ethereum blockchain finance funding government investment market analysis Metaverse mining NFT NFT marketplace NFTs nonfungible tokens nonfungible tokens (NFTs) price analysis regulation Russia social media technology Tesla the US Twitter

Archives

  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • August 2010
  • August 2009

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized
Global Economic Intersection

After nearly 11 years of 24/7/365 operation, Global Economic Intersection co-founders Steven Hansen and John Lounsbury are retiring. The new owner, a global media company in London, is in the process of completing the set-up of Global Economic Intersection files in their system and publishing platform. The official website ownership transfer took place on 24 August.

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Recent Posts

  • Sam Bankman-Fried Gave $16M To Super PACs In April, Became One Of The Biggest Donors
  • Weaker Dollar Keeps Bitcoin Above $30K As Analysts Target 60% BTC Dominance
  • Ethereum Developers Tip The Merge Might Happen In August ‘If All Goes As Planned’

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

No Result
View All Result
  • Home
  • Contact Us
  • Bitcoin Robot
    • Bitcoin Profit
    • Bitcoin Code
    • Quantum AI
    • eKrona Cryptocurrency
    • Bitcoin Up
    • Bitcoin Prime
    • Yuan Pay Group
    • Immediate Profit
    • BitIQ
    • Bitcoin Loophole
    • Crypto Boom
    • Bitcoin Era
    • Bitcoin Treasure
    • Bitcoin Lucro
    • Bitcoin System
    • Oil Profit
    • The News Spy
    • British Bitcoin Profit
    • Bitcoin Trader
  • Bitcoin Reddit

© Copyright 2021 EconIntersect - Economic news, analysis and opinion.

en English
ar Arabicbg Bulgarianda Danishnl Dutchen Englishfi Finnishfr Frenchde Germanel Greekit Italianja Japaneselv Latvianno Norwegianpl Polishpt Portuguesero Romanianes Spanishsv Swedish