Source: Reuters. The Major US Indices and FTSE Russell to remove more Chinese firms from their indices following a new U.S. executive order, banning domestic investment in companies with links to China’s Military. Chinese A50 Index is down -2.96%. The US index publisher pointed out 25 Chinese companies would be removed from its index on 2nd August, while FTSE … [Read more...] about S&P Dow Jones Indices and FTSE Russell to Discard Extra Chinese Firms
Forex News
NZDJPY Pair Facing a Partial Decline in Price Analysis
Japan’s leading index for May 2021 (MoM) declined to -1.2% from 1.4%.The Bank of Japan (BOJ) downgraded nine economic regions with upgraded zones dependent on the export economy.New Zealand has maintained a pause to the extension of quarantine-free travel from New South Wales (NSW) and Queensland despite announcing the opening of air travel routes. The NZDJPY pair added … [Read more...] about NZDJPY Pair Facing a Partial Decline in Price Analysis
Japan’s Future Economic Activity Leading Index Declines
Source: Markets Insider Japan’s leading index that gauges future economic activity fell from 103.8 in April to 102.6 in May. Nikkei 225 is down -0.96%, USDJPY is down -0.04%. May’s reading was slightly higher than March’s 102.4.The coincident index plunged to the lowest since February to hit 92.7 in May, down from 95.3 in April.The lagging index was 99.3 in May, … [Read more...] about Japan’s Future Economic Activity Leading Index Declines
UK House Prices Cools by 0.5% in June on Expiring Stamp Duty Holiday
Source: Halifax Average house prices in the UK hit 260,358 pounds in June, after plunging by 0.5%. FTSE 100 is up +0.40%, GBPUSD is up +0.32%. June’s decline in house prices was the first since January as the UK continued to phase out the stamp duty holiday. On a quarterly basis, average house prices in the UK surged by 2.9%. Annual house price inflation eased … [Read more...] about UK House Prices Cools by 0.5% in June on Expiring Stamp Duty Holiday
Relentless China Seeks More Metal Sales to Tame Material Prices
Source: Bloomberg China will sell more metal stockpiles in the near term to curb the rising costs of raw materials and maintain market stability. CSI 300 is up +1.13%, USDCNY is down -0.30%. In its first sale, China released metal stockpiles that included 50,000 tons of aluminum, 30,000 tons of zinc, and 20,000 tons of copper.The released metal stockpiles were sold … [Read more...] about Relentless China Seeks More Metal Sales to Tame Material Prices
