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China-Listed Stocks Tumble In Worst Trading Day Since February: Here's What You Need To Know
Wednesday, April 20, 2016 - 11:22am | 212Chinese equities tumbled on Wednesday as the Shanghai Composite index lost 2.3 percent, marking its worst trading day since February. The Shanghai index has now lost more than 16 percent since the start of 2016 and roughly 30 percent over the past year. According to traders and analysts that...
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Everything You Missed In China This Weekend, Investors
Monday, March 7, 2016 - 10:49am | 321The Chinese government unveiled its new five-year economic plan this weekend during its annual session of the national legislature. This year’s plan was highly anticipated by investors around the world due to China’s recent growth slump and volatile equity markets and currency. The...
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Things Are Getting Interesting For This Dollar ETF
Tuesday, November 17, 2015 - 3:00pm | 574Some exchange-traded funds are really enjoying the diverging policies of major global central banks. For example, the People’s Bank of China (PBoC) recently delivered more yuan-depressing stimulus, and market participants are comfortable wagering the European Central Bank will add to its...
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What Stocks Have Done After Every Rate Hike In U.S. History
Thursday, September 17, 2015 - 12:06pm | 506The last time the Federal Reserve took action in the Fed Fund target rate was 2,465 days ago. Adrian Mowat of JPMorgan says there is a "strong case" for a Fed rate hike. History may not prove to be a useful indicator. Adrian Mowat of JPMorgan commented in a note on Thursday...
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A Europe ETF That Endured The Yuan Devaluation...Sort Of
Wednesday, September 9, 2015 - 3:12pm | 611It has been almost a month since the People’s Bank of China (PBoC) devalued the yuan. Over that period, the WisdomTree Dreyfus Chinese Yuan Fd (ETF) (NYSE: CYB) has slid 4.2 percent, but plenty of other international exchange-traded funds have been affected by the Chinese currency's slide...
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Are We Stuck In A Currency War?
Tuesday, September 8, 2015 - 1:11pm | 290Last month, the People's Bank of China devalued the nation's currency after Beijing's efforts to kickstart the stalling economy appeared to be failing. The yuan's slide caused market turmoil as investors worried about how a slowdown in China would affect the rest of the world and whether central...
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China Might No Longer Be The World's U.S. Treasury King
Sunday, August 30, 2015 - 8:35pm | 364Reports are out that China may be well on the path to becoming dethroned as the global king of U.S. Treasuries. According to sources familiar with the matter, China has recently begun liquidating its massive U.S. Treasuries stake to help support its hobbled currency. The Strategy Over the...
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U.S. GDP Data Further Complicates Fed Rate Hike Predictions
Friday, August 28, 2015 - 12:38pm | 382For the past year, traders have been trying to get inside the minds of the U.S. central bankers at the Federal Reserve to determine when the bank's much anticipated rate hike will come. The timing of a rate increase has always been ambiguous, but in light of recent market events, predicting when...
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What UBS And Bank Of America Are Saying About China's Ongoing Devaluation
Wednesday, August 26, 2015 - 11:09am | 582The People's Bank of China on Tuesday announced it has cut the benchmark one-year lending and deposit rate by 25 basis points to 4.60 percent and 1.75 percent, respectively. This marks the fifth rate cut initiated by the PBoC since November 2014. The Chinese central bank also removed the...
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Citi: More Bad Than Good For China Right Now
Tuesday, August 25, 2015 - 2:00pm | 346Stocks are on the rise around the world on Tuesday following new Chinese central bank policies aimed at supporting its ailing economy. While the moves have been perceived as good news by investors, Citi Research’s latest weekly track-chart on the Chinese stock market is still showing more...
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China Complicates Matters For The Fed
Tuesday, August 25, 2015 - 12:33pm | 390The recent selloff in markets around the world has underscored just how fragile the global economy can be. Concerns about China are giving investors reason to worry about stability and presenting a challenge for policymakers, especially in the United States where the Federal Reserve has been...
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How China's Devaluation Is Impacting Markets
Wednesday, August 12, 2015 - 8:26am | 444This week, the People's Bank of China's move to devalue the Chinese yuan roiled share markets and gave investors reason to question whether or not the nation's policy makers were truly working to liberalize Beijing's markets. As the dust settled following the decision, it appeared...
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What The Pros Think Of China's Currency Devaluation
Tuesday, August 11, 2015 - 12:15pm | 587The Chinese central bank devalued its currency by nearly two percent late Monday at 6.2298 per US dollar. Here is a summary of what some of the top currency analysts are saying. Nomura: European Impact Explained Andy Chaytor, Nomura's UK based European Rates analyst commented in a note that direct...
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China Moves To Devalue Currency, Investors Cringe
Tuesday, August 11, 2015 - 8:39am | 359The People's Bank Of China slashed its daily reference rate by 1.9 percent this week, a move which devalued the nation's currency the most in 20 years. The decision sent shockwaves around currency markets and gave investors reason to further question whether or not Chinese policy makers...
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A Duel In China: The Government Vs. The Markets
Friday, July 10, 2015 - 2:20pm | 975The Chinese Communist Party has taken aggressive measures to combat its decline in the nation's stock market, which had shed about a third of its value in less than a month. First, the country's government attempted to stem capital flight by freezing the holdings of any shareholder with over a 5...