Adam posted the comments from Iraq’s oil minister over the weekend, saying they were unclear: Iraq won’t agree to new oil production cuts, minister says The minister did get around to clarifying his muddled remarks, saying Iraq would do OPEC’s bidding: Iraq’s muddled weekend comments on oil – deciphering continues Update for oil, dribbling just […]
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Comments from head of Japan active investments at BlackRock via a Bloomberg pice (Bloomberg is gated): “Investing in Japanese equities becomes harder if the currency continues to weaken,”“When you speak with global investors about Japan, FX is definitely top of mind for everyone.” Well, no. The Nikkei 225 Stock Average has jumped 14% this year. […]
Via a note from JP Morgan on the yen, analysts at the bank argue that a move above 160 raises the likely hood of further intervention by the BOJ. JPM says that the BOJ rate hike we’ve seen so far is not tighter monetary policy (JPM have a point, the move from negative to zero […]
China’s finance ministry will hold a meeting on Monday with key market players to discuss issuance of special ultra-long term treasury bonds. The Financial Times (via Reuters info) reports that Chinese authorities have begun with plans to sell 1 trillion yuan (US$138 bn or so) of long-dated bondsChina will use the proceeds to boost spending […]
The news from Friday started off bad for China: The US will impose tariffs on EVs from China after review And then got worse: Pres. Biden is set to quadruple tariffs on Chinese EVs: WSJ Biden will announce the new tariffs on Tuesday, “Section 301” tariffs: will maintain existing tariffs on many Chinese goods set […]
The Shanghai and Shenzhen exchanges plan to cease displaying real-time figures on purchases or sales of local stocks through trading links with Hong Kong The two bourses will provide the turnover details on a daily basis, along with the 10 most-traded stocks via the northbound channelThe policy move is aimed at supporting confidence by removing […]
Adam posted over the weekend on Iraq’s oil minister comment suggesting they won’t agree to any additional cuts at the June 1 OPEC+ meeting. Adam added that: What’s not clear is if he meant: They will extend the current cuts but won’t cut anymoreThey won’t curtail production at all, abandoning the current quotas The minister […]