Tag Archives: China
Data Divergence and Rate Differential Pressure Chinese Yuan
China’s retail sales saw a 5.5% year-on-year increase in the combined months of January and February 2024. This figure surpassed the market consensus of 5.2% and followed a 7.4% rise in December. Retail trade experienced growth for the 13th consecutive month, with sales rising further for various categories such as grain and food oil […]
Focus on China A50 today – 1st FEB 2024
In this comprehensive analysis, Ultima Markets brings you an insightful breakdown of the China A50 for 1st February 2024. Key Takeaways Technical Analysis Daily Chart Insights 1-hour Chart Analysis Pivot Indicator Conclusion To navigate the complex world of trading successfully, it’s imperative to stay informed and make data-driven decisions. Ultima Markets remains dedicated to providing […]
Shanghai Index Surges as China Relaxes on Gaming Industry
Shanghai Composite Index: Navigating Market Dynamics The Shanghai Composite index showcased resilience as it rebounded by 0.14%, gaining 4.04 points to close at 2,918.81 on Monday. This positive shift followed Beijing’s reconsideration of its stance on the online gaming industry, approving 105 domestic games. This move brought relief to the market, which had experienced a […]
Hong Kong Stocks Plunge Amidst Bleak Economic Figures
Bleak Economic Figures Push Hang Seng to Year Low The Hong Kong stock market faced a challenging day on December 8th, as the Hang Seng Index experienced a decline of about 0.1%, shedding 11.52 points to finish at 16,334.38. This marked the second consecutive session of losses for the index, with a more significant weekly […]
Moody’s Lowers China Credit Outlook Amid Debt and Challenges
Moody’s Downgrades China’s Credit Outlook Amid Rising Debt and Economic Challenges In a significant development, Moody’s, a renowned credit ratings agency, recently downgraded China’s credit rating outlook from “stable” to “negative.” This decision reflects the growing risks associated with escalating debt levels and a structurally slower economic growth trajectory in the nation. Understanding Moody’s Decision […]
