Tag Archives: CNY
China Economic Comment – September 2013
There has been a large divergence in views over the future path of China’s monetary policy/stimulus over the medium term.
Weekly Economic & Financial Commentary
U.S. Review Mixed Signals About Third Quarter Growth • The August employment report signaled continued modest job growth.
Weekly Economic & Financial Commentary
U.S. Review Signals of Stronger Growth and Fed Tapering • Existing home sales rose more than expected in July,
Weekly Economic & Financial Commentary
U.S. Review Inflation Backdrop Remains Fed Friendly • Inflation data this week showed that price pressures remain manageable.
Weekly Economic & Financial Commentary
• Modest domestic U.S. growth remains the outlook as both the ISM manufacturing and non-manufacturing surveys signaled continued growth but not an acceleration.
Working through the US soft patch
Outlook for 2014 strengthens • The US economy is working its way through a soft patch due to substantial fiscal tightening.
Adjusting to Fed tapering
Big Picture: Asset markets have corrected recently and it has been very difficult for investors to find a hiding place apart from cash, as equities and bonds have sold off,
No good news from China
The Chinese economy is still struggling to recover and no good news came from the May data released over the weekend, suggesting that the economy will remain weak in Q2.
China: conflicting messages from manufacturing PMIs
• The NBS manufacturing PMI improved slightly in May and so paints a more resilient picture of the Chinese economy than the HSBC manufacturing PMI which showed a marked decline in May in
China: HSBC PMI suggests continued near-term softness
• The HSBC manufacturing PMI in May dropped below 50 and the details suggest continued weakness in the short run.
Chinese Monthly Update
• Partial economic indicators lack any strong indication that conditions are improving in China. While indicators for April came in broadly consistent with expectations,
China – Headline CPI lifted by an unusually cold and dry April
In April, the headline CPI rose by 2.4% from a year ago, compared to 2.1% in March.