Silver as an investment

Category Archives: Caixin

Key Events In The Coming Week: Jobs, Brexit, PMI, IP And More

The first full week of December is shaping up as rather busy, with such Tier 1 data in the US as the payrolls report, durable goods orders and trade balance. We also get UK PMI data and GDP, retail sales across the Euro Area, as well as central bank meetings including Australia RBA and BoC […]

Dow Set To Open Above 22,000 As Global Stocks Levitate Higher

Welcome to August: you may be surprised to learn that S&P 500 futures are once again levitating, higher by 0.3%, and tracking European and Asian markets. Asian equities traded higher across the board after China’s Caixin Manufacturing PMI beat expectations and printed its highest since March, refuting the decline in the official PMI data reported […]

China Manufacturing Contracts For The First Time In A Year: “The Economy Is Clearly On A Downward Trajectory”

Following yesterday's official  (if less credible and focused mostly on SOEs) manufacturing and non-mfg PMI reports from China's National Bureau of Statistics, both of which came either in line or slightly better than expected, moments ago Caixin/Markit reported its own set of Chinese manufacturing data, and it was far more disappointing: at 49.6, not only […]

Chinese Commodities Crash Limit-Down As Wealth Management Product Issuance Collapses

It seems Kyle Bass' warning was extremely timely. The deleveraging of China's $4 trillion shadow banking system just accelerated massively as Bank Wealth Product Issuance crashes 15% month-over-month. With stocks and bonds already plunging, commodities joined the ugliness tonight with Dalian Iron Ore limit down (8%) at the open (not helped by tumbling auto demand). […]

Forget Trump: The Reason For The Economic Boom Is Totally Different, And Deutsche Says It Is About To End

Remember the G-20 “Shanghai Accord” from February 2016, a meeting where the world’s political and financial elites were rumored to sit down and unveil a plan how to boost the global economy? Well, according to a new research note out from Deutsche Bank, it was this event – together with the unprecedented credit expansion out […]