CommSec Morning Report Monday
Latest news • In US economic data, non-farm payrolls (jobs) rose by 390,000 in May (survey: 325,000). The unemployment rate was steady at 3.6% (survey: 3.5%). And hourly earnings rose by 0.3% (survey: +0.4%) to be up 5.2% on a year ago. The ISM services index fell from 57.1 to 55.9 in May (survey: 56.4)….
Could Wall Street contagion spread?
A “triple tightening” of financial policy is roiling the financial economy. Whether or not these ructions transmit to the real economy will determine if we are near the end of this downturn, or merely at the end of the first leg down. Financial policy interventions have loomed large over the past decade. The ultimate intended…
Can the way we invest help the planet?
It can feel like there are endless ways that businesses’ or countries’ activities can harm the planet. But can our investments also make a positive difference? Can they not only avoid harm but also contribute to solutions to challenges like climate change? Here’s what some of Schroders’ experts have to say on the different ways…
CommSec evening Report Friday
Latest News The Australian sharemarket finished the week on a strong note, with the ASX 200 climbing 0.9 per cent or 62.9 pts to 7238.8. Most of the heavy lifting was done by the Tech and Materials sectors, which both snapped a three day losing streak thanks to a strong lead from Wall St overnight…
assets more attractive to global financial institutions: survey
BEIJING, – Financial institutions abroad have greater demand for assets denominated in the Chinese currency renminbi (RMB), an annual survey by the Bank of China showed. Among all the overseas financial institutions surveyed last year, 61.3 percent said that they would increase their holdings of RMB-denominated assets. The proportion expanded by 9 percentage points compared…
central SOEs post steady revenue, profit growth in first 4 months
BEIJING, – China’s centrally-administered state-owned enterprises (SOEs) saw revenue and profit grow in the first four months of 2022, said the country’s top state-asset regulator. The net profits of central SOEs expanded by 5.6 percent year on year in the four-month period, said the State-owned Assets Supervision and Administration Commission of the State Council. Their…
CommSec Morning Report Thursday
Latest news • In US economic data, the ADP employment report shows jobs rose by 128,000 in May (survey: 300,000). New claims for unemployment insurance fell from 211,000 to 200,000 in the past week (survey: 210,000). According to Challenger, job cuts fell from 24,286 to 20,712 in May (survey: 26,000). Factory orders rose by 0.3%…
Market exchange rates
BEIJING,- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 24 major currencies announced on Thursday by the China Foreign Exchange Trade System: Currency Unit Central parity rate in yuan U.S. dollar 100 670.95 Euro 100 714.83 Japanese yen 100 5.1562 Hong Kong dollar 100 85.502 British pound…
central bank adds liquidity via reverse repos
BEIJING, – China’s central bank on Thursday conducted 10 billion yuan (1.5 billion U.S. dollars) of reverse repos to maintain liquidity in the banking system. The interest rate for the seven-day reverse repos was set at 2.1 percent, according to the People’s Bank of China. The move aims to keep liquidity in the banking system…
CommSec Morning Report Thursday June 2, 2022
Latest news In US economic data, the ISM purchasing managers index (PMI) rose from 55.4 to 56.1 in May (survey: 54.5). JOLTS job openings fell from 11.855 million to 11.4m in April (survey: 11.4m). The S&P Global manufacturing PMI fell from 59.2 to 57.0 in May (survey: 57.5). Construction spending rose 0.2% in April (survey:…
