The markets in mainland China and Hong Kong bounced back after China’s third-quarter GDP growth exceeded expectations. Despite the growth rate being the lowest since last year, retail sales and industrial output surpassed estimates. However, China’s house prices saw a larger drop in September. Mainland China’s CSI 300 and Hong Kong’s Hang Seng index both…
Crude futures dropped over 5% on Tuesday as Israel assured the U.S. it does not plan to strike Iran’s oil facilities, easing concerns of a supply disruption in the Middle East. Oil prices soared earlier this month after Iran attacked Israel, but Israel plans to limit retaliatory strikes to military targets. Energy prices as of…
Goldman Sachs’ strategists are optimistic about China’s growth recovery and the rebound in north Asia’s earnings in 2024. However, Asia-Pacific markets were mixed on Monday as investors awaited economic data. Mainland China’s CSI 300 and Hong Kong’s Hang Seng index were down, with China’s Minister of Finance hinting at more debt issuance to support the…
U.S. crude oil prices rose for the second week in a row as tensions between Israel and Iran escalated. The benchmark prices for both U.S. and global crude oil increased by more than 1%. However, maintaining this upward momentum has been challenging without additional factors driving prices higher. U.S. crude oil closed at $75.56 per…
On Tuesday, crude oil futures dropped by about 2% as the market paused its rally based on geopolitical risk, waiting for Israel to potentially retaliate against Iran. Analysts like Tamas Varga from oil broker PVM noted that oil prices can only rise for so long based on perceptions without actual supply disruptions. The surge in…
The Chinese markets saw a rally lose momentum after a briefing from the country’s National Development and Reform Commission provided limited information on further stimulus. The CSI 300 in mainland China initially surged over 10% but later settled for a 3.8% increase. Hong Kong’s Hang Seng index experienced a brief 10% drop before recovering slightly…