“China’s growth recovery and north Asia’s earnings rebound in 2024 remain our key investment themes and overweight areas,” Goldman Sachs’ strategists, led by Timothy Moe, wrote in a Saturday note.Vcg | Visual China Group | Getty ImagesAsia-Pacific markets traded higher on Monday, as investors assessed China’s weekend press briefing and awaited a slew of economic data this week from the region.Mainland China’s CSI 300 rose 1.3%, while Hong Kong’s Hang Seng index fell 1.47%.Hang Seng Mainland Properties Index gained about 2%, while Hang Seng Tech index dropped 3.48%.China’s Minister of Finance Lan Fo’an in a highly anticipated press briefing on…
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Both stocks and short-term bond prices have risen this year. Source link
By Mandy Leong, Hasnoor Hussein and Rozanna Latiff SEMPORNA, Malaysia (Reuters) – Patches of palm thatch entwined with a few forlorn stilts sticking out of the emerald waters in a Malaysian marine park off the island of Borneo are the only traces remaining of the homes of hundreds of sea nomads. Robin, one of those left homeless among a community that inspired the fictional ‘Metkayina’ tribe in the 2022 film ‘Avatar: The Way of Water’, took to a boat with his children to flee the Malaysian officials who razed their home. “I don’t know where to go now,” he told…
The global aviation industry is far off-course in meeting its 2050 net zero goals. While solutions such as sustainable aviation fuel (SAF) exist, there simply isn’t enough to go around and prices remain too high for airlines to consider. However, according to Pablo Fernandez, chief executive officer of ecosecurities, an environmental services provider, solutions such as carbon offsets may help the aviation sector decarbonise in the meantime while waiting for alternative forms of fuel to mature, scale, and increase in supply. This is crucial amid new regulations such as the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which…
By Vidya Ranganathan SINGAPORE (Reuters) – The dollar extended its gains in early Monday trades in Asia as a holiday in Japan sapped liquidity, leaving China’s somewhat disappointing weekend stimulus announcements the focus of market attention. The euro was down 0.13% at $1.0922 and the pound nearly … Source link
Chip and data center specialist Nvidia (NASDAQ: NVDA) has emerged as the king of the artificial intelligence (AI) realm. Quarter after quarter, the company continues to defy expectations, set revenue and profit records, and provide investors with a laundry list of such good news that it’s hard to keep track of it all.If you’ve held Nvidia stock at any point during the last two years, congratulations. You’ve probably made a lot of money.But as I often express in my pieces, investors need to think long term. Can Nvidia’s rocket ship keep climbing higher?Below, I’ll outline catalysts and risk factors facing…
By Rae Wee SINGAPORE (Reuters) – Asian stocks hardly budged in early holiday-thinned trade on Monday, with investors nervous as to how markets in mainland China would react to government economic stimulus promises over the weekend which, though broad, were light on detail. Minister of Finance Lan Foan pledged to “significantly increase” debt, but left investors guessing on the overall size of the stimulus, a vital detail needed to gauge the longevity of a stock market rally. Chinese stocks have been on a tear since the government late last month announced its most aggressive stimulus since the pandemic, though some…
By David Lawder WASHINGTON (Reuters) – The world’s 26 poorest countries, home to 40% of the most poverty-stricken people, are more in debt than at any time since 2006 and increasingly vulnerable to natural disasters and other shocks, a new World Bank report showed on Sunday. The report finds that these economies are poorer today on average than they were on the eve of the COVID-19 pandemic, even as the rest of the world has largely recovered from COVID and resumed its growth trajectory. Released a week before World Bank and International Monetary Fund annual meetings get underway in Washington,…
To capitalise on its potential, India needs to develop a coherent plan that utilises its competitive advantages and is cognisant of its significant constraints. Source link
By Colleen Howe BEIJING (Reuters) -Oil prices fell by more than $1 a barrel, losing over 1.5% in early trading on Monday, after disappointing Chinese inflation data and a lack of clarity on Beijing’s economic stimulus plans stoked fears about demand. futures were down $1.26, or 1.59%, at $77.78 per barrel by 0020 GMT, and U.S. West Texas Intermediate crude futures fell $1.20, or 1.59%, to $74.36 per barrel. The negative news from China outweighed market concerns over the lingering possibility an Israeli response to Iran’s Oct. 1 missile attack could disrupt oil production, though the U.S. has cautioned Israel…