China's stock index barometer CSI 300 posted its highest daily gain since July on Monday as overseas players gobbled up shares. The CSI 300 Index gained 3.2% to mark its strongest showing in over two months since early March.Overseas investors bought a record 21.7 billion yuan or $3.4 billion worth of A shares through Hong Kong links.Investors piled into consumer stocks … [Read more...] about China’s Heavyweight Index Climbs To Two-Month High As Foreign Investors Gobble Up Consumer Stocks
Forex News
USD/CHF: Dollar Loses as Switzerland Prepares for Phase 4 Reopening
The sale of existing homes in the US declined 2.7% in April 2021. Switzerland is experiencing a surge in EV sales into 2021. Switzerland’s vaccination rate is at 23% of the population as it prepares for phase 4 reopening. The USD/CHF traded at -0.59% in the week leading to May 21, 2021, after April 2021 data that showed a decline in the existing US home … [Read more...] about USD/CHF: Dollar Loses as Switzerland Prepares for Phase 4 Reopening
Oil Prices Hit $80 per Barrel as Demand Climbs in Advanced Economies
Oil prices are likely to hit $80 per barrel in the last quarter of the year in line with the expected rebound in demand, Reuters reported. Global investment firm Goldman Sachs believes demand will reach 4.6 million barrels per day by the end-2021, with most gains within the next quarter.Demand will be driven by increased mobility in the United States and Europe as more … [Read more...] about Oil Prices Hit $80 per Barrel as Demand Climbs in Advanced Economies
Why Frontier Economies Are Overtaking Emerging Markets In Bond Returns
The world's least-developed nations have posted higher bond returns this year than emerging market economies as more buyers are coming into the smaller countries, Finance.Yahoo reported. Frontier debts have posted 2.6% in bond returns this year, versus the 2% decline in emerging market debt.Frontier debts recorded a similar performance in 2020, while debt in emerging … [Read more...] about Why Frontier Economies Are Overtaking Emerging Markets In Bond Returns
EUR/USD: Euro Surges as the US Push for a Global Corporate Minimum Tax Rate Gains Traction
The EU aims to increase its vaccination program to cover 70% of the EU population by July 2021. The US proposed lifting the tax rate of US-based companies globally from 21% to 28% and the global minimum rate to 15%. Most EU countries are reeling from increased debt burdens and risk insolvency. The EUR/USD closed at +0.46% on May 20, 2021, from the previous … [Read more...] about EUR/USD: Euro Surges as the US Push for a Global Corporate Minimum Tax Rate Gains Traction
