Investment thoughts 18-24 Oct 2021

Investment thoughts 18-24 Oct 2021

.+ United States service task increased sturdily in Oct, though labour n raw material shortages kept back manufacturing: IHS Markit.+ Powell says ‘premature ‘to up rates in spite of rising cost of living threat.
+ United States budget deficit shrank in Sept to US$ 62bn from US$ 125bn YoY, smallest given that Jan 2020.+ Biden said close to striking a deal to pass major framework, social spending procedures, n business tax walkings unlikely. -Democrats to target services, well-off people for brand-new profits to spend for US$ 2 trillion
social-policy and also environment bundle.- Fed’s Bostic: supply chain interruptions, labour market restrictions, strong consumer demand could keep inflation high into 2022.+ United States unemployed insurance claims completed 290,000, listed below 300,000 DJ estimates, at 19-mth low.+ United States covered agreement to finish European electronic taxes on
American tech giants.+ US holds 3 tests to progress hypersonic tool programs: Government.+ Goldman Sachs obtained approval from Chinese Regulatory to take full ownership of its securities JV in China.+ Elon Musk could soon become globe’s first trillionaire as Tesla and also SpaceX are experiencing quick development: Morgan Stanley.+ Tesla reported record quarterly revenues and revenue in Q3, improved by robust growth in manufacturing, need in China. -Intel advises China cold dominate AI, gain military side.
+ PayPal wants to purchase pinboard site Pinterest for US$ 45bn: Resources.+ Trump SPAC DWAC increases as high as 1657% given that bargain was introduced. -US legislators intimidating to seek criminal investigation of Amazon’s market dominance.- Twitter as well as Square chief executive officer: hyperinflation will certainly occur quickly in the United States and also the globe.+ Google intends to double smartphone result with new Pixel 6
. +Initial bitcoin futures ETF started trading in NYSE.+ Walmart launched program to permit clients to get bitcoin at 200 of its stores by means of Coinstar ATMs.- China’s GDP development strikes 1-year low of 4.9%
amidst power crisis, supply bottleneck.- China cut > US$ 21bn of its holdings people Treasury bonds in Aug to the lowest degree given that Oct 2020.+ China regulator claimed expects to make substantial development in recurring probe of Chinese fintech firms prior to year end.- China’s coal as well as power crisis in Q3 endanger to spill over to international supply chains in Q4.- Chinese safeties regulator strengthens supervision over IPO, exposing 245 companies have actually withdrawn filings on celebrity Market.+ China aims to present its new electronic money on bigger scale in Feb 2022.- China reduces US Treasury holdings in Aug to cheapest because 2010.
+ China will turn out real estate tax pilot scheme in some areas. -China’s top financial organizer pledges’ all
essential means’ to suppress irrational coal rates.+ China chip scarcity in car market likely to reduce in Q4: ministry.
+ China reportedly seeks to secure long-term LNG products from United States.+ China has offered total doses of Covid-19 vaccinations to 76% of its population
. +China amount to international financial investment anticipated to exceed US$ 160bn in 2021.+ China’s grain result will set new document by surpassing 650bn loads for 7th year in a row. +China to enable foreign shareholding of > 50% in residential VPN solutions as part of open up its solutions industry.+ Xiaomi EV device to get in automation in very early 2024; CEO.+ Alibaba introduced new chip for cloud computing.
+ Jack Ma takes initially journey abroad to Europe after China’s crackdown on company.+ China’s dual 11 buying spree kicks off early this year with document sales expected.+ Huawei released upgraded HarmonyOS 3.0, on fast track to get rid of reliance on Android. +Huawei, SMIC obtained billions well worth of licenses for US innovation from Nov-Apr: documents reveal. +GZ-based flying cars and truck start-up HT Aero toenailed
US$ 500m in Asia’s largest funding deal, aims to release first flying automobile in 2024.
– China’s house costs cool off throughout significant cities in Sept: NBS.- China tax obligation authority to probe SHOH
China unit for thought tax obligation evasion.+ Evergrande averts default with eleventh hour US$ 83.5 m bond promo code repayment, resumes service 10 projects.+ Chinese residential or commercial property bonds remain firm after 2 significant programmers Sunac
as well as Kaisa Gp make voucher payments.- China The online world Management removed Caixin financial information from 1300 approved media listing.
+ HK out of work rate declines to brand-new Covid-era low of 4.5%. -HK insurance company FWD’s US IPO hits potential regulatory obstruction as SEC worried risks associated with Beijing
. -HK banks to divulge relevant building of clients who breach safety law.- Taiwan central bank states enjoying inflation, to take actions if required.+ Japan’s core consumer costs bordered up 0.1% in Sept, very first rise in 18 mths.
+ BOJ discussing phasing out pandemic lending programme if infections continue to decrease, as economic situation reopens.
+ Japan targets 36% to 38% of power to find from renewables by 2030.+ Russia’s international profession turnover might surpass pre-pandemic level: Federal Traditions.
– Russia ready to increase coal & gas supplies to China, however transportation troubles may impede the efforts.+ Russia prepared to start supplying gas to Europe through Nord Stream 2
pipeline in Dec.+ Russia’s non-resource-based exports will get to historic highs in 2021 to US$ 180bn.- Russia reported record Covid-19 fatalities as well as situations; only 26% of population are fully immunized. -Russia to fine Google up to 20% of annual turnover for consistently falling short to get rid of content deemed illegal.
– Canada said US suggested EV tax obligation credit scores for US-built lorries could hurt field, mulls feasible obstacle.+ G7 countries got to development on electronic profession and information.- Chip lack anticipated to cost vehicle market
US$ 210bn in profits in 2021.- Eurozone yearly rising cost of living rate came with 3.4 %in Sept, highest level in 13 years as energy rates remain to increase.- European businesses dealing with
major risks of closing down because of increasing gas rates: von der Leyen.- European natural gas prices continued to rise, reaching > US$ 1150 per 1000 cubic meters.- Germany composite PMI slipped to 52 in Oct to 8-mth reduced, from 55.5 previous mth.+ BMW to phase out fossil-fuel engines from major plant by 2024. -Bank of England warned cryptocurrencies can stimulate worldwide monetary dilemma unless difficult laws are presented.- UK retail sales fall for 5th straight mth straight in Sept,
indicators of recuperation are losing momentum.- UK manufacturing facility orders growth falls to 6-mth reduced.+ British Airways begins London-Singapore immunized traveling lane flights.- France rail operator ditched plans for development of Europe’s busiest train terminal after price estimates ballooned.+ Norway’s AutoStore, Softbank-backed, valued at US$ 12.4 bn, largest in 2 decades on Euronext’s Oslo Stock market.
– Moldova proclaims state of emergency situation over gas situation, after Russia hiked costs
. -Australia says EU has held off trade talks for 2nd time.
+ Australia to start quarantine-free traveling bubble with Singapore, could be presented next week: PM.- Eastern firms ‘profits reduced over reducing development in China, higher rising cost of living, supply chain disturbance: IBES.- IMF lowered 2021 development forecast for Eastern economic situation to 6.5%, down by 1.1% from April projection. -India supposedly to stock gas and coal to prevent future power problem.
+ India signed an agreement with Russia to improve coal materials to 40m bunches annually.+ India-China profession chilly reach US$ 100bn for the very first time in 2021: Indian agent to China.- South Korean’s decision to sign up with CPTPP open market agreement pushed back to very early Nov.+ Mumbai reopened its movie theaters after 18 mths of closure due to pandemic.+ Saudi Arabia aims to get to net-zero greenhouse gas discharge by 2060: MBS. +Qatar wants to attract 1.2 m visitors World Mug visitors in 2022
. +Indonesia exports expanded by 48% and imports up by 40 %in Sept YoY, lower than previous mth.
+ Indonesia is now China’s most significant coal distributor exceeded 21m tonnes in Sept vs 17m tons in Aug. +Indonesian-Chinese consortium starts research study on US$ 560m coal-to-methanol plant.+ Indonesia’s GoTo obtains US$ 400m money injection from Abu Dhabi’s sovereign wide range fund.+ Thailand expected to submit letter of intent for cupboard approval to relate to join CPTPP.+ Thailand to raise curfew in Bangkok and also 16 provinces, to allow quarantine-free traveling for immunized from 46 countries from Nov 1. +Thailand fruit cultivators seek to make use of new Laos-China railway as” durian express “.- Myanmar FDI drops to 8-year low,
anticipates economic situation to reduce in 2022 as international money revenue goes away.
+ Malaysia’s CPI raised 2.2% YoY to 122.8 in Sept YoY.+ Malaysia intends to resume to int’ l tourists in Nov: tourist minister.- Malaysia to limit renewable energy exports to Singapore.+ Sg positioned to reach 84% of weekly flights to Europe it had in March last year. +Sg private home prices may jumps 6-7% this year: experts.+ Sg might relieves some Covid-19 measure if regular infection growth rate goes down listed below 1: Lawrence Wong.
– Sg prolongs aesthetic and also hospitals were’ under substantial pressure and pressure
‘ after reporting record Covid-19 cases. +Sg to include Sinovac Covid-19 vaccination in nationwide vaccination programme.+ Sg to permit some travellers from South Asia, simplicity stay-home notification limitations for Malaysia and Indonesia.+ Sg private house prices increase 1.1 %in Q3, HDB resales purchase surges 19.4% in Q3 at all-time high.

The above is only intended for reading pleasure, no assurance to the accuracy of content, readers are advised to verify and make their own assessment.

Please note that the information is only for entertainment purposes and should not be taken as any form of financial advice

Investing thoughts 20 Sep to 26 sep 2021

Investing thoughts 20 Sep to 26 sep 2021

.+ Fed held interest rates constant, suggested expect
to begin minimizing month-to-month asset purchases” quickly”. -Costco, Nike as well as FedEx warning more inflation set to strike consumers as holidays technique.- United States existing residence sales decreased 2% in Aug from July, 1.5% less than Aug 2020
, initial annual decline in 14 mths.+ US new home sales defeated expectations; supply near 13-year high.
– Jamie Dimon warned investors that Fed can still be pushed into sharp plan action next year.+ SEC stated would certainly postpone enforcement of specific properties from brand-new disclosures policy for off-exchange safety and securities up until Jan 2022.- Yellen cites requirement for concession on withdrawal for electronic services tax obligations in telephone call with French equivalent. -United States farming general practitioner struck by ransomware assault, requiring US$ 5.9 m in ransom.- US business secretary stated will certainly take further activity versus Hwawei if required.+ Merck on last
phase 3 clinical tests on a dental antiviral Covid treatment tablet called molnupiravir.
+ United States nearly 70% companies expect income development in China to outmatch their globally development: Am Chamber.
+ United States firms straight investment in Russia 9 times greater than main numbers show: study AmChan n E&Y.- United States apprehended Russia’s Novatek’s deputy directly tax fees, Moscow in no position to interfere as a result of his dual Russian-US citizenship.- JPMorgan encountering oil bribery as well as money laundering probes in Brazil, dating back to 2011.+ Intel begin on US$ 20bn Arizona chip plants in bid to entice clients from Taiwanese opponent.+ Tesla Shanghai manufacturing facility expected to create 300,000 cars and trucks in initial 9-mth of the year in spite of chip shortage: sources.+ Musk: brand-new semiconductor plants will certainly finish global auto chip scarcity following year.+ Boeing projections airline companies in China will certainly require 8700 new airplanes by 2040, valued at US$ 1.47 trillion.+ GM to spend US$ 300m in Chinese self-governing driving start-up Momenta
, to gain access to next-generation self-driving technologies.+ Circus stated reservations for H2 of 2022 ahead of pre-pandemic levels.- Nike reduces sales forecast, pointing out aggravating supply chain distress.+ McDonald said would certainly restart share buybacks as well as raised quarterly dividend by 7%.+ China drafts new policies on overseas yuan borrowing, to reduce aesthetics
on financing kinds.+ China added 460bn yuan in liquidity in previous week to soothe nerves.- China reserve bank claimed all cryptocurrency-related deals are unlawful and also should be prohibited, prompted leave of crypto mining.
– China 2021 development cuts to 7.7 %from 8.2 %by Nomura.+ China concerns 15-year plan for Intellectual Property Rights( IPRs )protection, with legislation to cover large data, AI.- China home acquisitions decreased 16%, automobile shipments down 22% in Aug amid Covid-19 break outs and governing tightening.- China’s services activity index goes down below 50 very first time in 16 mths: Caixin PMI
. +China part of int’ l trade in GDP to drop to 25 %+- in following years as its output depends much less on worldwide market: economic expert. +China’s R&D investing represented 2.4 %of GDP in 2020, rating 2nd in globe, narrows space with US: NBS. +China to speed up Public-Private Collaboration legislation.+ China issues 8bn yuan (US$ 1.24 bn )well worth of yuan-denominated bonds in HK ahead of significant bond attach program. +China’s rare-earth titans developing ‘incredibly team’ in merger for top notch development, to improve one-upmanship.+ China intends to accelerate building of intelligent and unmanned ports provided as concern in following 5 years.+ China broadens Qianhai reform area eightfold to better incorporate Guangdong province with HK.+ Beijing Universal hotel readied to increase to consist of a second and also third phase simply 3 days after opening.+ Hainan prepares int’ l carbon market as part of open market port method.- China power supply press leads several districts to impose limitations.- China dozens of soybean squashing plants bought to close down n stop production in the middle of enhancing need, rising coal costs and also goal to meet carbon nutrition.
+ Cocso struck take care of Container Terminal Tollerot in Port of Hamburg, Germany by acquiring 35% stake.
– China’s lender keep back on brand-new debt for residential property developers, worries of transmission default by Evergrande General practitioner.- China ministry tightens oversight Evergrande accounts to ensure funds are utilized to finish housing projects.- Evergrande’s EV arm warms of cash dilemma as residential property group misses out on ‘payment due date.- Alibaba seeking to market entire stake in neighborhood tv network after govt scrutiny.+ Huawei laid out plan plans vary from AI, cloud services
and also networks as 3 important electronic modern technologies.+ Huawei’s CFO Meng returns to China after striking manage United States, district attorneys accept go down costs by Dec1, 2022.- Huawei withdraws from Canada as well as declines to accredit 5G license, more than
4500 work cuts and also liquify Canadian branch.+ Huaweil launched OS openEuler, intends to build eco-friendly base of national digital framework to prepare more United States bans.- China’s antitrust regulatory authority not likely to approve Baidu’s US$ 3.6 bn procurement of JOYY video-based domestic live streaming biz.+ Xiaomi became Indonesia’s no. 1 mobile phone brand in Q2.+ Geely to establish 5000 battery switching stations for EVs globally by 2025.
+ China tightens tax obligation evasion crackdown on showbiz. -HNA chairman, chief executive officer taken in by cops on suspicion of criminal activities.
+ Mid-Autumn vacation traveling recuperates to 87% of pre-pandemic level.- HK refuted work visas to loads of overseas Cathay Pacific pilots looking for
to relocate to the city.+ Taiwan increases 2021 development forecast support by strong exports raise economy.+ Japan CPI halted 12-mth decrease in Aug, still well listed below BOJ target. – Japan factory result likely dropped once more in Aug on supply chain disturbance by global chip shortage: Reuters survey.- Japan ordinary land prices dropped 0.4% from previous year for 2nd consecutive year as of July 1.
+ Japan anticipated to see record number of M&A sell 2021.
– Panasonic to cut > 1000 domestic tasks, team sales dropped below 7 trillion yen first time in 25 years.
+ Russia economy totally resorted to pre-pandemic degree: Putin.
+ Russia financial development upgraded to 4.3 %from 3.7% by Fitch, mentioning outstanding cash pillow
from oil earnings.- Russian oil gets to last three decades at present manufacturing level, gas can run low in 70 years: Rosgeo.
+ Russian pipeline gas exports to China almost triple in Jan-Aug.+ Russia to appoint 15 new nuclear power systems by 2035.+ Russia is fully compliant with its gas supply obligations to Europe: Germany’s power ministry.- IEA prompted Russia to ramp up gas supply to Europe.
– Global equity funds saw first discharges in 2021 as climbing pessimism on United States
budget triggered large outflows: BofA.+ Oil rates rose for third week in row to near 3-year high as supply tightens up.- Semiconductor chip scarcity to set you back international car manufacturers US$ 210bn this year: AlixPartners.- Crypto Exchange quits taking China users as Beijing broadens ban.- BItcoin, Ether tumble as China increases
crypto crackdown.- Aluminum procedure struck 13-year high in the middle of power
shortage in China.- European gas rates went beyond US$ 900 per 1,000 cubic meters after reports Gazprom’s no extra transportation with Ukraine.- Europe is battling record-breaking surge in energy prices that intimidates to thwart post-pandemic financial recovery.
– German service spirits fell for 3rd mth running in Sept, hit by bottleneck economic downturn for
suppliers.+ Germans head to the surveys in historic political election marking end of Merkel’s era.
– Allianz in process unloading big portion of US life insurance policies:
Bloomberg. -UK encountering upcoming food dilemma due to increasing carbon dioxide rates, can escalate by 500%: govt advises.+ Rolls Royce won US Flying force agreement well worth up to US$ 2.6 bn.- HSBS, StanChart might encounter spillover damages to
their profits and balance sheets from Evergrande dilemma.- France electricity costs to increase 10% this wintertime, an unmatched rise: consumer group.- Turkey’s central bank lowered vital rates of interest a full portion point, with lira plunging to record low levels.- Poland’s energy company PGNiG has not power to veto certification of Nord Stream 2 gas pipeline: German power regulator.- Ukraine charges Russia of using its gas as a geopolitical weapon.- Australia has to act to curb runaway house costs which have risen > 20 %in major cities over previous year: IMF. -Australian PM rejected to commit to eliminating nonrenewable fuel sources as major environment conference strategies.+ India’s central bank most likely to retain excess of liquidity in financial system, might announce another round of bond purchases.+ India securities market on course to come to be world’s 5th biggest by 2024: Goldman Sachs.+ Indian startsups increasing US$ 10bn through IPO so far in 2021, with 150 private companies queuing up to list, can soon raise US$ 400bn in market value. +India secured US$ 3bn handle Plane for 56 army transports.+ Indian to return to Covid vaccine exports to creating countries.- India’s antitrust penalties US$
102m on Heineken-controlled United Breweries, as well as US$ 16m on regional device of Carlsberg in
cost fixing.
– South Korea reserve bank advised aggravating financial security woes, financial obligation payment burden to rise.- South Korea moved to regulate cryptocurrency trading systems.- South Korea daily Covid-19 situations top 3000 for the first time
. -SEA’s economies get on much slower recuperation course from Covid-19 situation than formerly believed: ADB.+ Indonesia final shipment of 6,600
tons of premium steel rails from Jakarta-Bandung HSR arrived at the port.
– Indosat being put on adverse watch by Fitch amidst organized merger.+ Bali to continue with test reopening for international visitors.+ Tokepedia passes Shopee as the majority of visited e-commerce web site in Indonesia.- Thailand’s exports climbed less than anticipated in Aug as Covid constraints influenced manufacturing and also logistics.+ Thai-Sino high-speed rail job from BKK to Nakhon Ratchasima tipped to go on as intended.- Myanmar’s currency is up to all-time low versus US dollar. -Manny Pacquiao stated to run for head of state of Philippine in 2022.+ Malaysia completely vaccinated 19.48 m ppl or 59.7% of its population since Sat, 82.5% of grown-up populace completely vaccinated.+ Malaysia’s reserve bank to introduce alternate
reference rate to provide market participants extra flexibility
and also hedging choices.+ Malaysia to permit inter-state traveling as soon as 90% adults are vaccinated.+ Malaysia to examine its structure for SPACs, amid surge sought after for such fundraising cars globally.+ Johor Sultan increased concern throughout conference with PM,
really hopes quickly assesses stringent MM2H conditions.+ Sg rolling out S$ 650m in support for companies struck by tightened Cvid-19 constraints amidst rapid surge in cases.+ Sg employers to receive > S$ 900m in jobs sustain scheme payments from Sept 30.+ Sg manufacturing facility sector climbed YoY for 10th straight mth in Aug, with assistance from cornerstone electronics collection.
+ Sg expanding Jobs Growth Incentive to March 2022 to sustain companies broadening neighborhood labor force.- Sg reported 1939 Covid-19 situations since twelve noon on Sunday.
– Sg dine-in, social gathering sizes reduced to 2 for a mth amid exponential situation rise.+ Sg Health Science Authority and also Pfizer is conversations concerning acquiring complete permit application for its Covid-19 vaccination.
+ Sg biotech start-up Mirxes in talks for US$ 1.2 bn SPAC listing in US.+ Sg Ninja Van increases US$ 578m in funding round, adds Alibaba as financier.

The above is only intended for reading pleasure, no assurance to the accuracy of content, readers are advised to verify and make their own assessment.

Please note that the information is only for entertainment purposes and should not be taken as any form of financial advice

Investment thoughts 16 Aug to 22 aug 2021

Investment thoughts 16 Aug to 22 aug 2021

.+ Fed preparing for taper most likely prior to end year if
economic recuperation proceeds.+ United States jobless at lowest level since Covid-19 started March 2020;
cases fell to 348,000, down by 29,000.- United States retail sales decline 1.1% in July, motor vehicles and parts suppliers led the decline, shift to costs on services.+ United States Seminar Board said its index of leading economic indications (BOUQUET) increased 0.9% to 116.0 in July.+ US dollar noted fresh 9.5 mths high versus significant peers on Friday.
+ Powell to talk on’ financial overview ‘next week.+ Yellen backs reappointing Powell as United States Fed Chair, whose term expires Feb. -Goldman Sachs reduced Q3 growth projection for US to 5.5% from 9% due to impact of Delta variation.+ US 97 %of local business proprietors won’t pay more revenue tax obligations under Biden strategy: Treasury.
– United States Environmental Protection Agency anticipated to suggest biofuel blending requireds below 2020 degrees.- VP Kamala Harris stated concerns ‘originating from an international chip shortage is” really actual”. +US readied to begin supplying Covid booster dose next mth.- United States to probe whether Russia is running as non-market economic climate over insurance claims it aids products entering US.- US solar suppliers requests Federal to explore Chinese firms circumventing tariffs by manufacturing in other nations.- US wants to block Taliban from accessing its US$ 360m aside assets which IMF planned to send following week.- Mastercard encounters US$ 14bn class action claim in UK for overcharging charges to millions British consumers.- United States opened up official security probe into Tesla’s partly automated driving system after 11 collisions. -Apple vendors in China are dealing with labour lacks, might drive up rates.
+ Amazon.com intends to open up outlet store in United States.+ Tesla likely to release humanoid robot prototype following year: Musk.- GM recalls all bot EVs ablaze threat, sees US$ 1bn expense.+ Coinbase has actually constructed US$ 4bn cash accumulation to weather tighter guideline, crypto threats.+ Xi anxieties promoting common prosperity amid high-quality growth, averting significant monetary threats.+ China postpones ballot on expanding anti-sanctions legislation to Hong Kong. +China likely to accomplish herd resistance by year-end with 80% populace immunized: Zhong Nanshan.
+ China’s Jan-July financial profits up 20% YoY, financial expenditures climbed 3.3% the very same time.+ China’s Jan-July non-financial outgoing direct investment( ODI) up 4.2 %YoY to US$ 62.81 bn
. +China numerous commercial banks published double-digit growth in internet earnings in H1.+ China mulls regulation alteration to breakthrough development in science, technology.- China regulatory authorities taking into consideration pressing data-rich US IPO-bound firms to turn over information control: sources.+ China to establish state corporations focusing on new tactical fields.- China’s State Management released
draft rules targeted at preventing unjust competitors online.
+ China’s Nasdaq-like STAR board to host world’s 2 largest IPOs with forecast prospective increasing > US$ 17bn.
+ China’s mRNA vaccination firm Abogen raises US$ 700m from financiers, consisting of Temasek.- China’s technology stocks slumped to brand-new low, HK’s benchmark Index hit 10-mth trough, wiped off > US$ 560bn in market value.- Chinese firms listed in United States on pace for lengthiest shedding streak > ten years as Beijing continues its clampdown.+ China’s new draft policies prohibit utilizing algorithms or phony reviews to advertise items as well as services. +China passed new on the internet personal privacy legislation avoiding services from gathering delicate personal data.+ China Telecommunications rose as much
as 44% as it made its securities market debut in Shanghai as globe’s biggest IPO of 2021. +China 3rd-child policy composed right into Chinese law and states supportive plans for childbearing. -Chinese authorities asked for indebted Evergrande to settle its financial obligation threats in meeting with execs.- Evergrande in talks with Xiaomi consortium to market EV unit risk.+ China building demand stays high in spite of procedures to cool down market.- China port blockage worsens as ships divert far from Ningbo after shutting for 7 days, in the middle of Covid-19 outbreak proceeds.+ China will plant 36,000 square kilometres of new woodland a year till 2025 to combat environment modification.+ China-US maintains normal communications in economic situation as well as trade market: MOFCOM.+ Huarong Asset Monitoring gets state-led bailout after document
US$ 16bn bottom line for 2020. -China’s most significant vaping business RLX Technology reported significant drop in growth of both profits as well as earnings in Q2.+ Chinese investments still streaming right into India in an indirect and also inconspicuous style: Insider.+ Shanghai introduced actions to sustain chips, AI as well as sell FTZ.- Shanghai quarantined thousands of ppl, suspended freight handling after infections spotted in freight employees at Pudong Airport
. -Chinese experts suggesting business must move certain production lines to China from Malaysia after surging Covid situations.- China’s number in Top 500 companies falls from 51 to 47: Hurun Global. +Tencent to spend US$ 7.7 bn to help advertise common success initiative.- HK reclassifies 15 nations in a risky classification for Covid-19.- HK quarantine-free travel bubble with Singapore has been terminated completely after Sg embraced a “Cvoid-19 durable “method.+ HKEX revealed launched of futures agreement based upon MSCI China A50 attach Index.+ Taiwan govt claimed worldwide supply as well as need for automobile chips must get to a “equilibrium” by Q4 this year.- Japan’s core consumer rates went down 0.2 %YoY, not likely to strike its 2% goal.- Japan’s state of emergency situation constraints is not suppressing motion as properly as in the past, threats healing hold-up. +Japan’s exports climbed 37% in July to US$ 67bn YoY, increasing for the 5thn mth in a row.- Japan’s June equipment orders fell 1.5%, first decline in 4 mths. -Toyota eyes 40 %cut in global output in Sept in the middle of worldwide chip lack, to put on hold 27 production lines at 14 plants in Japan.
– Russia ready to take tough procedures to keep lid on domestic fuel rates, includes quiting exports petrochemicals: DPM.+ Russia to pump 5.6 m cubic of gas with Nord Stream 2 pipeline in 2021. +Nord Stream 2 gas pipe from Russia to Germany that bypasses Ukraine only left 15km to go: Putin.+ Russia may reach record-high oil outcome level by summer season
2022 as well as additional raise manufacturing to optimal by 12.2 m bpd in 2023. +Russian banks web profit in H1 amounted to US$ 19.2 bn, nearly increase their earnings YoY: central bank.
– Russia pledges vindictive steps after brand-new United States permissions on Russian ship and also 2 business associated with Nord Stream 2.+ Brazil central banck purchased > 62 lots of gold in 3 mths through July 2021, amounted to 92% of overall gets.
– Oil posted biggest week of losses in > 9 mths in anticipation of damaged gas need worldwide due to surge in Delta version. -Copper and Iron Ore prices are breaking down on development concerns as well as Chinese steel aesthetics.+ WTO’s Great Trade Barometer at 110.4, highest possible since initial launched July 2016, verifying stamina of trade recuperation.
– International automobile market decline 6.3% in July YoY due to chip shortage and also Covid delta variant. -Worldwide chip lack will certainly cut worldwide vehicle manufacturing by approximately 7.1 m cars this year. +Crypto market cap returns to US$ 2 trillion level as bitcoin rallies
to 3-mth high.+ Euro zone rising cost of living sped up to 2.2 %in July, highest in nearly 3 years, over ECB target.+ Germany economy is on track for an enduring, most likely more powerful recuperation in 3rd qtr driven by lively domestic demand: ministry.
+ Germany taking into consideration making use of Nord Stream 2 gas pipeline for hydrogen shipments from Russia.
– Germany to sell a quarter of its stake in Lufthansa prior to end 2023.- Volkswagen will slash production at its main plant as a result of continuous chip scarcity.- UK shed almost a hundred highly paid lenders ahead of its departure from EU: EBA.- UK mounts in-depth probe right into Nvidia’s recommended ₤ 29bn takeover of Arm, pointing out ‘major competitors concerns ‘.- Scotland’s power-sharing bargain gives pro-independence bulk.
– Australia announced much more drastic aesthetics as well as longer lockdowns to check break outs of Delta version after reported document situations. -NZ prolonged lockdown, reported 21 new Covid-19 cases on Saturday, extra expected.- Asian shares completed the week going to their least expensive close because November, worst week considering that February.+ India requires to proceed monetary plan assistance for the economy, staying watchful of inflationary pressures: central bank.+ India’s economy revealing solid indications of healing as a number of states start to relieve restrictions as well as cancel lockdowns.+ Modi revealed US$ 1.35 trillion infrastructure plan on 75th Freedom Day.+ India’s exports rise almost 40 %in 2nd week of August, worth US$ 7.1 bn.+ India securities market has more than increased given that in 2015, with record gains in Aug, market capitalization currently around US$ 3 trillion.+ India offers emergency approval for world’s very first Covid-19 DNA injection.+ South Korea Investment banks filched record charges from equity underwriting this year, because of growing IPOs
. +South Korea to see 50% of population completely vaccinated by end Sept.- Iran’s petroleum production was up to most affordable in 40 years: EIA.- Afghan central bank’s possessions of US$ 9.5 bn has been freeze by US, global growth
help halted.- Taliban has blocked Indian-Afghan transportation trade through Pakistan and also closed down 2 essential trading terminals on boundary
. -ASEAN development in Myanmar has not been as efficient as wished: Sg FM.+ Indonesia to spend 10s of trillions of rupiah
on infrastructure in the middle of pandemic stress.+ Jokowi stated 8.9% or US$ 63bn in straight
investment this year.+ Indonesia seek to stimulate financial development to 5.5% in 2022, budget deficit anticipated to narrow to 4.85% of GDP: Jokowi.+ Indonesia July trade excess hit US$ 2.59 bn as commodity rates climb, second greatest surplus tape-recorded this year. -Indonesia intends to phase out 112m fuel-powered bikes.
+ Thai Parliament passes US$ 93bn budget.+ Financial institution of Thailand advising govt to obtain extra 1 trillion baht to address the server economic influence of pandemic.+ Bank of Thailand prepares to check its
Retail Central Bank Digital Currency next year’s Q2 as
alternative settlement option.+ Thailand cryptocurrency trading worth expected to reach 1 trillion baht by end year.- Thailand property market unlikely to recoup to pre-Covid levels until 2025, market contraction has actually been changed to 25-32 %.+ Vietnam emerging as solar energy champion, rates 7th worldwide in regards to installed ability.
– Vietnam HCM City problems stay-home order as Covid-19 fatalities skyrocket.+ Malaysia has picked a new PM Ismail Sabri in accordance with elections of lawmakers as third PM in 3 years.
+ Malaysia completely vaccinated 38% of population as of Aug 20, overall stabs given leading 30m.+ Malaysian palm oil exchange eyes night
trading to drive growth.- Sg will stay an open economic climate; approach has not as well as will not alter: Priest.+ Sg to acknowledge approved overseas vaccinations for all visitors, to start vaccinated traveling lanes with Germany and Brunei.
+ Sg revealed 4 brand-new categories of vacationers as action to boosted vaccinations from areas.
+ Sg highly likely to have a Cvoid-19 booster workout: Priest.+ Sg economic climate can benefit by US$ 6bn( 1% of GDP) if companies increase their investment in cloud-based innovations: Deloitte.+ MAS is building a bitocin inspired currency using JPMorgan innovation: Forbes.+ Sg shophouse deals hit S$ 1bn for year to day, surpassing degrees in 2019 and also 2020.+ Sg new exclusive residence sales rose 82% in July despite tightened Covid-19 curbs.
– Sg 47% merchants delay looking for new room as a result of more stringent Covid procedures. +Sg biotech start-ups have brought in record quantity of US$ 360m midway through 2021.- Wilmar’s India IPO on hold amid Indian
probe of JV partner Adani General practitioner.

The above is only intended for reading pleasure, no assurance to the accuracy of content, readers are advised to verify and make their own assessment.

Please note that the information is only for entertainment purposes and should not be taken as any form of financial advice

Investment thoughts 16 Aug to 22 aug 2021

Investing Thoughts 9 Aug to 15 Aug 2021

– US consumer sentiment index fell to 70.2 in preliminary August reading, lowest reading since 2011
– US July consumer prices jumped 5.4%, up 0.5% MoM, core inflation rises less than expected
+ Yellen reportedly weighing a trip to China in coming mths
+ Fed is nearing the point of reducing its massive support for the economy, to begin cutting its US$120bn in mthly purchase of Treasuries, mortgage-backed securities
+ US job openings top 10m in June, a new record, 3.9m workers quite their jobs the same mth
+ US jobless claims total 375,000, falling for 3rd straight week, down 12,000
+ US home prices soaring 23% in Q2 YoY amid low number of listings and robust demand
+ US senate narrowly approved US$3.5 trillion budget plan
+ US House Democrats seek at least US$160bn in new EV funding as part of US$3.5 trillion spending measure
+ US import prices rose 0.3% in July after jumping 1.1% in June, at 9 straight monthly gains
+ CDC authorized 3rd dose of Pfizer and Moderna vaccines for ppl who have weak immune systems
+ US workplace regulator issued guidance urging employers to require vaccinated workers to wear masks
+ US drillers added the most oil rigs in a week since April as total rig count more than doubled from record low a year ago
– US wants OPEC to increase crude oil output to reign in petrol prices and curb shortages
+ NASA planning a mission to explore asteroid Psyche 16, located between orbits of Mars and Jupiter
+ Walt Disney rose in now of biggest boosts to both Dow and S&P 500 after its profit topped market expectations
+ AMC Entertainment may start accepting bitcoin as payment for tickets and concession at its US theaters
+ Pfizer, Moderna expected to reap billions of dollars from Covid-19 booster shots
– US lawmakers introduced a bill to curb monopolistic polices of Apple and Google app stores
+ Quaclcomm made US$4.6bn offer to buy auto-technology Veoneer, seeks to expand beyond core mobile-phone chip business
+ Tesla hopes to make the first cars at its Gigafactory near Berlin in Oct
– Tesla shipments of China-made cars to local market fell 69% following negative publicity and recall of vehicles
+ BlockRock slashed 88.3% stake in Alibaba in Q2, cashing out HK$117bn
– Airbnb said its current-qtr bookings could be hit by Delta variant and slowing pace of vaccination in US
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+ China’s PPI grew by 9% YoY in July
+ China’s total imports and exports expanded by 24.5% YoY to 3.29 trillion in first 7-mth
+ China’s FDI inflow up 25.5% YoY to US$103.69bn from Jan to July
– China halts private equity funds from raising money to invest in residential property developments
– China’s tightens scrutiny over IPO price-setting, punishes 19 institutions
– China shuts world’s 3rd busiest port after Covid case, raising fears of further strains on shipping and price increases for goods
+ China more than 770m residents have been fully vaccinated against Covid-19
+ China has provided about 800m doses of Covid-19 vaccine to world
+ Shanghai set to host world’s 2 biggest IPOs this year
+ China’s forex reserves rose to US$3.24 trillion end July, up US$21.9bn from a mth earlier
– China’s oil imports fell by 3% in H1
+ China steel, nation’s largest, would raise domestic prices by 1.2% to reflect higher manufacturing costs and higher demand
+ China’s inland provinces and autonomous regions’ share of foreign trade grows, thanks to China-EU freight train services, air cargo networks, B&R initiative
+ China’s most frost-resistant Fuxing bullet train takes its first test
+ Evergrande share surged after report considering selling property management businesses to consortium lead by Vanke
+ Overseas financial institutions moved to increase shares in Chinese internet giants: Morningstar cn
– China stepped up scrutiny of domestic insurance technology platforms, to curb improper marketing and pricing practices
+ China-EU transported 1352 freights in July, up 8% YoY, making >1000 trains runs in for 15 consecutive single mths
+ China’s new ambassador to US holds first meeting with Deputy Secretary of State
+ China should reduce business drinking and replace it with “correct values”: watchdog
– China’s quarantine hospitals told to clear out other patients within 48 hrs of Covid-9 outbreak
+ China restarts operations at 53 shuttered coal mines to keep up with power demand
+ China’s new energy vehicles sales hit historical high in first 7 mths, tripled from a year ago to near 1.48m units
– CATL, world’s largest EV power cells maker, plans US$9bn share placement to expand lithium-ion battery production
– Nio posted narrower than expected loss and surge in revenue, lost US$0.07 per share in Q2
+ Shanghai Lingang Special Area FTZ aims to become epicenter of NEVs, chips by 2025
+ Honor, smartphone maker split from Huawei, launches first flagship Magic 3 handset series, to rival Apple
+ China introduces measures, from reducing costs to longer maternity holidays to boost birth rate
– China’s plan to expand its anti-sanctions law into HK will become new headache for banks in HK
+ HK raised economic growth forecast to 6.5% as spending recovers
+ HK home prices jumped to record high, residential property values up 8.6% since beginning of the year
+ HKEX saw record interim net profit and revenue, net profit rose to HK$6.61bn YoY
– Cathay Pacific reported US$973m loss in H1, shrank by nearly a quarter, aided by cost-cutting, strong cargo demand
+ Taiwan raises 2021 economic growth forecast to 5.88% from 5.46% predicted in June, fastest pace in a decade
+ Foxconn’s set goal to build EV factories in US and Thailand
+ Galaxy Entertainment returns to profit of HK$947m in H1 vs net loss of HK2.86bn from a year ago
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– Japan health officials deliberately omitted mentions of highly contagious first Lambda variant case of Covid-19 linked to Olympics: report
– Japan’s July wholesale price rose at fastest annual pace in 13 years
+ Japan nearly 30% of large firms plan to boost green investments
– Japan’s Kirin brewery writes off nearly US$200m in Myanmar
+ Russia will reach 2019 levels of trade by end year, to reach pre-pandemic levels
+ Russian oil export revenues surged 21.5% in first 6-mth YoY
+ Russian energy giant Cazprom revenue surged 73% in H1 YoY on rising natural gas prices
+ Russian oil exports to US surged 23% this year to become US’s 2nd largest crude supplier after Canada
+ Cuba to allow SMEs to incorporate in coming mths
+ OEPC+ may increase global crude supply threefold next year, led by US: IEA
– IAE trimmed outlook for global oil demand in 2021, citing rapidly spreading Delta variant
– Gold slides to 5-mth low as upbeat jobs data from US boosting expectations of money tightening by Fed
– Hackers returned almost all of the US$613m in cryptocurrency stolen from blockchain platform Poly Network
+ Poly Network offered hackers US$500,000 “bug bounty”, thanked the hacker generally aims to expose cybervulnerabilities
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+ European stocks scaled new highs and clocked 4th consecutive week of gains on optimism over robust earnings
– European trade surplus shrinks due to supply chain disruption
– EU gas imports from Russia has increased by 28.52% in first 6-mth
+ UEFA said close to €6bn rescue package to help European soccer to recover from pandemic
– Germany’s July annual consumer price inflation accelerated by more than expected to hit 13-year high
– German rail union warns of further strike action
+ Adidas to sell brand Reebok to US company, worth €2.1bn
+ FTSE 100 on track for longest winning streak since Nov
– Virgin Galactic falls as Branson sell stake worth US$300m
+ Turkish lira rallied after central bank held its benchmark interest rate, resisted Erdogan’s calls for rate cut
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– Sydney tightens its lockdown as Delta cases surge to record
+ NZ central bank looks set to become first major economy to lift interest rates since Covid-19 hit
+ NZ hopes to cautiously reopen to the rest of the world in 2020
– India economy has not reached the level where central bank can begin pulling back liquidity: FM
+ India’s merchandise exports rose for 8th straight mth in July to US$35.43bn, up nearly 50% YoY
+ India is set to allow Boeing 737 Max jets to resume flights in the country within days
+ Samsung leader Jay Y. Lee released from jail on parole for ‘good beahviour’
+ Saudi Arabia saw its oil revenue rise 38% in Q2, due to higher oil and tax revenue
– Afghanistan Taliban enters capital Kabul, airport reportedly under fire
🇮🇩 🇹🇭 🇻🇳 🇵🇭 🇲🇾 🇸🇬
+ Bank Indonesia working with other banks and govts in ASEAN region, China to reduce use of US dollar
+ Indonesia launches simplified business licensing system to boost investment
+ Thailand rice exports expected to continue to increase for the rest of this year, helped by weak baht n competitive prices
+ Thailand oil giant spending billions dollars on EVs and renewable energy companies
– Thai Baht has depreciated >10% against dollar so far this year, becoming Asia’s worst performing currecny
– Bangkok average occupancy rate retail spaces in Q3 falls to lowest level in almost 2 decades
+ Vietnam set goal that digital economy should represent 20% of GDP
+ Philippines economy saw its fastest YoY growth in 30 years, GDP rose 11.8% in Q2
– Philippines new lockdown in Metro Manila to case nearly US$3bn in economic damage per week
– Malaysian PM Muhyiddin expected to resign on Monday
– Malaysia central bank lowered 2021 economic outlook 2nd time to 3-4%, due to resurgence in Covid-19 infections
+ Malaysia has administered 31% or 10.14m ppl both doses of Covid-19 vaccine: Health Minister
– Malaysia reopens My Second Home (MM2H) with quadrupled income requirement, FD Ac with balance RM1m
+ Malaysia, Cambodia launch cross-border digital money transfers
+ Sg economy grows 14.7% in Q2 from low base, full-year GDP growth forecast upgraded to 6-7%, up from 4-6%
+ Sg >75% of population has completed full Covid-19 vaccination regimen: MOH
+ Sg introduces measures to retain work permit holders for construction, shipyard and process sectors: MOM
– Sg supermarkets, malls among sector to be included in Covid-19 ‘vaccinate or regular test’ regime
+ Sg secured S$3.6bn in fixed asset investment commitments in Q2
+ Sg ranked 4th most expensive construction market to build in Asia, 37th most expensive globally: Tuner & Townsend Int’l
+ Sg life insurance industry up 61% to S$2.68bn in H1
+ CDL looks to launch nearly 2000 units in 4 projects
+ SIA reinstated monthly variable component to basic salary of all its Singapore-based staff since Aug 1
+ DBSV received in-principal approval to provide trading services for digital payment tokens
+ Olam Int’l considering raising US$2bn through London listing of its food ingredients unit next year
– Isetan to exit Parkway Parade store after nearly 40 years

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