Refining margins in Asia have dropped in recent weeks as China ramped up exports of fuels amid high export quotas assigned to its refiners in recent months. The profit margins of processing diesel are still at high levels historically, and they could start rising again once the EU embargo on seaborne imports of Russian fuels …
Diesel Margins Could Get a Boost from Russian Diesel Ban Read More »
Via AG Metal Miner The Chinese stock market reacted to Beijing’s about-face on COVID infections with a surge in prices, particularly in tech stocks. Due to a strong correlation with the stock market, metal prices have continued to rise since December. The expectation is that abandoning any meaningful attempt to control the spread of the …
China’s Reopening Has Been A Boon For Metal Markets Read More »
A visitor checks out Tencent artificial intelligence products at China Science and Technology Museum in Beijing in January. The tech company”s digital ecosystem is expected to help create 31.8 million new jobs and 147 new job categories over the next five years. [HUANG YONG/FOR CHINA DAILY] China’s tech and internet companies are expected to play …
Tourists walk under colorful lanterns at Beijing Nangong Tourist Resort during the Spring Festival holiday on January 23, 2023 in Beijing, China. The Chinese Lunar New Year, or Spring Festival, falls on January 22. Vcg | Visual China Group | Getty Images China’s onshore A-shares were hovering close to bull market territory on Monday, the …
China stocks near bull market after return from Lunar New Year holidays Read More »
Workers surveyed in China are the least likely to retire as soon as possible — even “in an ideal world,” Randstad said. And 3% of workers in Asia-Pacific never want to retire at all, which is the highest percentage out of all regions. Edwin Tan | E+ | Getty Images The cost of living crisis …
Cost of living not the only reason many are delaying retirement Read More »
Canada’s public safety minister insisted Monday that federal contracts awarded to a firm that had ties to the Chinese government “at no time” threatened national security, but the contracts were still suspended out of an abundance of caution. Yet RCMP officials who tested alongside Marco Mendicino at the House of Commons industry committee about the …
Talk about a comeback. As China abandons policies that stifled economic growth for three years, its stocks have staged an extraordinary rally—up more than 50% since October. This could be just the beginning. Money managers say a broad range of stocks could keep climbing throughout this year. The catalyst is clear: Policy makers in the …
China’s Big Comeback Is Just Getting Started. How to Play It. Read More »
JPMorgan’s Marko Kolanovic is abstaining from the early 2023 rally. Instead, the Institutional Investor hall-of-famer is bracing for a 10% or more correction in the first half of this year, telling investors he’s “outright negative” on the market. “Fundamentals are deteriorating. And, the market has been moving up. So, that has to clash at some …
JPMorgan’s Kolanovic sees correction, hard landing Read More »
Exactly one week from today the Federal Reserve will hold the first Federal Open Market Committee meeting for the calendar year 2023. But before Federal Reserve officials meet for the first time this year on Friday, January 27 the government will release its latest data on inflation vis vis-à-vis the core PCE for December. Currently, …
Questions arise about next FOMC meeting; will their decisions remain data-dependent Read More »
The low-interest-rate era was supported by the disinflationary force of globalization that shifted production to lower-cost parts of the world that, in turn, reduced consumer prices. Those days are now over.Sean Kilpatrick/The Canadian Press Craig Alexander has served as chief economist at Deloitte Canada, the Conference Board of Canada and Toronto-Dominion Bank. The Bank of …
Opinion: Beyond the Bank of Canada’s rate hikes: The era of low interest rates is over Read More »
