Archive for July, 2012
File not found. Chart: China’s real deposit rates turning more positive
As inflation is coming down fast, deposit rates in China are turning more positive now.
China’s inflation fell to 2.2% yoy in June 2012
Inflation in China continues to fall in June, and is turning ever more negative on a month-on-month basis.
Chinese companies are now accumulating as much US dollar as possible
Trading companies are now less willing to convert USD they receive from trades into Chinese Yuan. Instead, they hold as much USD as possible.
10 signs of economic trouble that China’s official data won’t tell
Here are 10 signs of economic trouble in China that official macro data won’t let you know
ECB rate cut impact will be marginal at best
The rate cut by the ECB is going to make very little difference.
European Central Bank cuts interest rate to 0.75%
The European Central Bank cuts the key interest rate to 0.75%, the lowest ever in the history of the European Central Bank.
People’s Bank of China cuts interest rates again
The People’s Bank of China cuts interest rates again.
Economy, United Kingdom. 5 July, 2012, 19:02
Bank of England MPC maintains bank rate at 0.5% and increased QE by £50 billion
The Bank of England holds interest rate unchanged while increases the size of asset purchase programme by £50 billion.
Want to buy an excavator? Check out this zero down payment deal
Heavy equipment producers in China provide financing deals for customers, and are not facing the risks of customers defaulting.
More than 600 companies were affected in yet another credit crisis in China
More than 600 companies are affected in the chain of loan guarantees triggered by bankruptcy of one company.
China, Financials. 5 July, 2012, 12:36
China may relax the banks’ loan-to-deposit ratio requirement
China Banking Regulatory Commission may relax loan-to-deposit ratio ceiling for banks.
Is PBOC set to cut reserve requirement ratio (RRR) soon?
Another cut in RRR by PBOC could be just around the corner.
Real Estate, World. 3 July, 2012, 20:45
China is exporting its expertise of ghost-town building
The Chinese has helped Angola to build a massive town that no one lives.
Cotton inventory increased significantly in a Chinese port
Cotton inventory rose in Chinese ports as traders attempt to take advantage of widening spread between international and domestic prices.
China, Real Estate. 3 July, 2012, 15:07
Real estate transaction volumes picked up markedly in major Chinese cities
As China started to reflate the economy again, there is a remarkable pick-up in transaction volumes in the real estate market.
Wall Street sell-side strategists have become most bearish in 15 years
Wall Street sell-side research have turned most bearish in 15 years according to BofA/ML, suggesting a contrarian buy opportunity.
Chinese banks have probably lent less than expected in June
Big 4 banks in China has only lent RMB190 billion in June, implying that the market expectation for total new loans in June could not be met.
Economy, United States. 2 July, 2012, 22:37
ISM PMI suggests that US manufacturing contracted in June
The ISM manufacturing PMI shows that manufacturing in the US is contracting for the first time since the recovery.
Euro area unemployment rate hits another euro era record high in May
Euro area unemployment rate hits yet another euro era high, while manufacturing PMIs largely show continued contraction.
Macau casino revenue increased by 12.2% yoy in June
Macau casino revenu increased by 12.2% yoy in June, a decent rebound from 7.3% yoy growth in May.