Archive for October, 2010File not found. Hong Kong Exchanges and Clearing: let complacency kill you
The takeover of ASX by SGX is a threat to Hong Kong Exchanges and Clearing. They have to stop being complacent and get things up to the level of other world exchanges
Markets. 25 October, 2010, 9:11Asia Investment Views 25 Oct
DXY weakens again after G20 meeting. Although the dollar is very cheap now, pressure on it is still there on the QE bet. Big China companies will announce earnings this week.
Markets. 24 October, 2010, 22:30Week in review 18 to 24 Oct 2010
Currency war and China rate hike undermind strong corporate earnings. Except the reform of IMF, nothing special came out from G20. Market sentiment has bene good for a while, now complacency would be a dangerous thing.Hong Kong Property Is Overvalued
No Doubt HK home prices are expensive, but as the driver for the prices remains there, the prices just will not go down, for now.G20 Finance ministers meeting: the deal
On currency front, there is nothing special. But they pledged to reform IMF to reflect larger share of developing countries in global economy.Five reasons why real estate bubble is so lethal
Here are five reasons why real estate bubble always posts huge threat to the economy.Donald Tsang: Will not tolerate property bubble
Donald Tsang said he will not tolerate property bubble. But as far as actions are concerned, this is more a rhetoric than actual will.
Markets. 22 October, 2010, 21:03US Investment Views 22 Oct
Asia markets were mixed. Europe regained some losses. US equities is slightly higher. Focus is on G20.Germany Business Confidence increased
Germany is now the strong man in Europe, but it may not do much good to the weaker ones.
Markets. 22 October, 2010, 19:13Gold fell
Gold headed for the first weekly decline in 6 weeks. The beginning of the end of the bull run?Re-balancing the world economy?
Tim Geithner may propose current account balance targeting. But again, this is not solving the real problem.
Markets. 22 October, 2010, 9:30Asia Investment Views 22 Oct
US and Europe rose yesterday, with some good earnings and data. HK/China might go higher, but keep watching DXY.G20 meeting preview: what to expect?
I believe there will be some agreement to be made after the meeting, but another Plaza Accord would be out of the question.US leading indicators increased
US leading indicators showed a slow but sustained growth. Stocks gave up earlier gains.
Markets. 21 October, 2010, 20:59US Investment Views 21 Oct
China GDP growth slowed and inflation accelerated; UK retail sales going lower; CS results missed estimates, and more.UK retail sales dropped unexpectedly
UK retail sales and morgages approval dropped, highlighting the loss of confidence even before the spending cuts.China’s growth slowed, inflation rose
China’s growth slowed, but inflation accelerated along with property bubbles. More tightening might be in the pipeline.Hong Kong Dollar Peg: The Root of All Evil
If you would like to blame something for the economic volatility, the currency peg is that thing.
Markets. 21 October, 2010, 9:22Asia Investment Views 21 Oct
US and Europe rebounded after the losses in the previous session. Corporate earnings continued to give surprise on the upside.Fed’s Beige Book
At the first glance, it seems to suggest that the economy is growing very slowly.