CommSec Morning Report Wednesday, 17August 2022
Latest news In US economic data, industrial production rose by 0.6% in July (survey +0.3%). Housing starts fell by 9.6% in July to a 1.446 million annualised rate (survey: 1.527m). Building permits declined by 1.3% in July to a 1.674 million annualised rate (survey: 1.64m). European sharemarkets closed higher for a fifth straight session on…
China’s service sector sustains recovery amid COVID-19 resurgence
China will optimize the policy environment conducive to the country’s continuous economic recovery, a senior official with the country’s top economic planner said on Tuesday. “At present, there are still some prominent contradictions and problems in China’s economic operation,” Yuan Da, director of the Department of National Economy of the National Development and Reform Commission,…
Evening Report
Latest News The Aussie sharemarket extended its gains to a second straight day after the ASX 200 rose 0.58 per cent or 41.1 points to 7105.4. Mining stocks did most of the heavy lifting and climbed by 1.7 per cent. Gains across the Tech (+0.4 per cent) and Health Care (+1 per cent) sectors also…
Market exchange rates in China — Aug. 16
The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Tuesday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 677.30 Euro 100 688.16 Japanese yen 100 5.0898 Hong Kong dollar 100 86.418 British pound 100…
U.S.-listed Chinese firms trade mostly higher
U.S.-listed Chinese companies traded mostly higher on Monday with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note. Shares of Pinduoduo and BeiGene went up 4.77 percent and 1.64 percent, respectively, leading the advancers in the top 10 stocks. Shares of…
Morning Report Tuesday,16 August 2022
Latest news In US economic data, the Empire State manufacturing index fell from +11.1 points to -31.3 points in August (+5 points). The NAHB Housing Market index fell from 55 to 49 in August (survey: 55). In China economic data, retail sales rose 2.7 per cent in the year to July (survey: +5 per cent)….
Evening Report
Latest News The Aussie sharemarket kicked the week off in positive territory, with the ASX 200 adding 31.8pts or 0.45 per cent, to 7064.3. Nine of 11 sectors were up today, with stocks in the Property sector lifting most. Mining stocks were up by as much as 1.8 per cent earlier in the session, but…
Google LLC to pay $60 million for misleading representations
The Federal Court has ordered Google LLC to pay $60 million in penalties for making misleading representations to consumers about the collection and use of their personal location data on Android phones between January 2017 and December 2018, following court action by the ACCC. The Court previously found that Google LLC and Google Australia Pty…
Hong Kong stock connect programs increase trading days
China will increase the trading days of the stock connect programs between the mainland and Hong Kong in the country’s latest move to open up the capital markets, the country’s top securities regulator announced Friday. Trading days of the Shanghai-Hong Kong Stock Connect and the Shenzhen-Hong Kong Stock Connect that were formerly closed due to…
Automaker Chery posts strong sales in Jan-July
Chinese automaker Chery Holding Group Co., Ltd. reported strong sales in the first seven months of 2022, according to the company’s report. Chery sold 606,783 vehicles in the January-July period, up 19.3 percent year on year. Among the sales, the exports reached 198,859 vehicles. In July alone, Chery sold 131,533 vehicles, up 57.7 percent year…
