News

The financial Times had the report: that China is expected to promote the use of domestic coal by tightening import rules (Link, FT may be gated)  Anyway, the FT reporting on it now: “I think they will more actively promote use of domestic coal, at least through elevated customs checks if not outright action,” said Colin

A tweet by US president Trump “Republicans feel that Social Media Platforms totally silence conservatives voices. We will strongly regulate, or close them down, before we can ever allow this to happen. We saw what they attempted to do, and failed, in 2016. We can’t let a more sophisticated version of that happen again. Just like

The Confederation of Trade Unions in HK have called for a general strike on Wednesday in response to the new China National Security Law   The union group says (in brief): Once the Hong Kong version of the National Security Law is implemented, it will inevitably threaten the freedoms and rights that Hong Kong people

Remarks by the Chinese foreign ministry Very concerned about reports US considering nuclear tests Urges US to correct its mistake, will take needed steps The war of words between the two are continuing for now, as tensions remain high on pretty much all fronts at this point in time. In case you missed the weekend

German airline Lufthansa bail out agreed to reports newspaper Handelsblatt  government to a 20% stake  and a convertible bond worth 5% Its not fully locked in, but that is agreed to proposal. AFP report Lufthansa, along with the rest of the global airline industry, hit hard by the coronavirus induced (not quite total) travel shut

This piece from analysts in Singapore at S&P Platts is well worth checking out. Australia-China tension in the past week, China suspended Australian beef imports and placed tariffs on Australian barley “This move to put tariffs on Australian barley is an escalation, clearly linked to Canberra’s advocacy for an international inquiry into the origins of

China’s northeast region province of Jilin is back under lockdown conditions due to a fresh outbreak of a COVID-19 cluster Jilin province cities trains and buses cur  schools shut quarantine restrictions again on people The cluster numbers 34 infections so far. Expect this sort of news to continue as ‘second wave’ infections take hold around

Technicals and fundamentals point to May as a bearish month The Australian dollar started the week weak on the changing risk tone that we have seen come into the market from last week. The escalation of the US-China trade war rhetoric from the US and finger pointing at Wuhan for the alleged release of the

CNBC report There will not be discussions on a new stimulus package, according to CNBC’s Kayla Tauche. She said Senator leadership and the White House are all in agreement that no discussions on the next step should move forward until all of the money from the existing programs has been disbursed and spent. Tauche also

Daily thread to exchange ideas and to share your thoughts The dollar and yen are leading gains across the board as risk is postured more defensively to kick start the new week. Japanese markets are closed and will only be back on Thursday, but Asian stocks are also under pressure with the Hang Seng down 3.8%. Meanwhile,

Two of the three votes will be against it The swing vote at the Texas Railroad Commission on oil production says that the state won’t be limiting crude pumping. There will be a vote on May 5 but Energy Intel spoke with Wayne Christian and he revealed that the issue is dead. : It was

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

Forex news for North American trade on May 1, 2020: Markets: Gold up $13 to $1700 WTI crude up 85-cents to $19.69 S&P 500 down 81 points, or -2.8%, to 2830 US 10-year yields down 1 bps to 0.63% CHF leads, AUD lags The Bank of Canada appointed former Carney deputy Macklem as governor in

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

Washington Post report A report in the Washington Post is one of the things that’s weighing on risk assets at the moment. Senior U.S. officials are beginning to explore proposals for punishing  or demanding financial compensation from China for its handling of the coronavirus pandemic, according to four senior administration officials with knowledge of internal

RKI with their latest update on the coronavirus situation in Germany The additional 1,478 cases reported sees the total confirmed cases rise to 159,119, with the 173 deaths reported in the latest update bringing the total deaths to 6,288 persons. The numbers are still moderating somewhat just over 1,000 cases per day but unless they

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do

working with investment banks on a multibillion-dollar bond-fueled financing package aiming to shore up its balance sheet Reuters cite “three people familiar with the matter” More: the sources said the exact timing and size of the offering had not been decided proceeds could amount to $10 billion or more, depending on investor demand, Boeing has