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:…
CommSec Evening Report Thursday
Latest News • Following a weak lead from Wall St overnight, the ASX 200 shed 0.8 per cent or 58.1 pts, to finish at 7175.9. The Energy sector had its best day since March 2022 and the Utilities sector rebounded after it suffered its worst decline in over two years on Wednesday. Tech, Materials and…
Wednesday evening report
The Aussie sharemarket had a choppy start to the month and dipped into negative territory despite a positive start to trade. At the close however, the S&P/ASX 200 finished with a modest increase of 0.3 per cent or 22.8pts, to 7234. Of the 11 major sectors, seven finished in positive territory. The Utilities sector dragged…
E-cigarettes under strict regulation in China
BEIJING – With a slate of tightened regulations taking into effect, Chinese authorities have stepped up efforts to manage the explosive growth in the e-cigarettes market, especially to curb youth vaping. China’s State Tobacco Monopoly Administration issued a regulation in March, saying that the country would implement license management for e-cigarette production, wholesale and retail…
Three Australian Tech Stocks Bucking the Downward Trend
The S&P ASX All-Technology Index (ASX:XTX) extended its slide on Wednesday, 25th May, ending the day down a further 2.36%. The Australian tech sector continues to struggle as part of the global volatility being experienced, and the challenges facing many of the world’s largest tech companies have been well publicised. The Nasdaq 100, the US…
Renewable energy boosts China’s green development in past decade
BEIJING, – Over the past decade, China’s renewable energy has made remarkable progress. From keeping pace with other countries to leading the world, China’s renewable energy has promoted the country’s green development and made major contributions to the global fight against climate change. At the end of 2021, the cumulative installed power generation capacity of…
ASIC warning on fake green bonds
ASIC is alerting investors of the existence of a number of fake green bonds. In Australia, green bonds are not directly available to the general public or retail investors. Any website or entity claiming otherwise is a scam. Scammers may represent themselves as well-known financial services firms and invite people to invest in fictitious environmentally…
