Ken flagg's Blog Posts Tagged 'China' (39)

 - Ticonderoga (390.57 +1.70) -Update-

Ticonderoga notes this week, the Chinese Character version of Sohu.com reported that China Telecom (CHA) is expected to offer two versions of the Apple (AAPL) iPhone as early as the end of October. Essentially, Sohu.com indicates that China Telecom has reached a "preliminary agreement" with Apple. Firm says tis article further supports their contention that a deal…

 Europe receives some positive revisions

 The global equity markets are mixed with volumes slightly lower than average. Most of the news released was of little surprise until the morning wore on. China kicked off the night with Trade Balance figures that came in below expectations. The Import component did exceed expectations however. All-in-all, a muted…

FBR Capital notes M&A is continuing to be focus for the coal group in recent weeks, with reports continuing to highlight multiple transactions potentially in works. This morning media reports indicate RIO's plans to increase its bid for Riversdale by about 7%. Back home in US, MEE is considered to be weighing offers from multiple bidders but hasn't formalized the process of auctioning the co yet. Positive trends also continue to emerge for producers…

EWA Australia Economic Data (25.62 )Dec Westpac Consumer Confidence +0.2% vs -5.3% in NovDec Westpac Consumer Confidence Index 111.0 vs 110.7 in NovDec DEWR Skilled Vacancies -1.0% vs -1.3%Nov New Motor Vehicle Sales +0.2% vs -0.5% in Oct 01:44 EWJ Japan Q4 BOJ Tankan Survey Data (10.76 )Large Manufacturers Outlook -2 vs -1 in Q3Large All Industry Capex +2.9% vs +2.4% in Q3Large Manufactures Index 5 vs 8 in Q3Non-Manufacturing Index 1 vs 2 in…

Equity futures are trading near their best levels of the morning (S&P futures are +5 vs. fair value, DJ futures +33), getting a recent boost as the dollar slipped from modestly positive territory into the modestly negative territory (DXY is now -0.67 at 80.00). Overseas markets were higher overnight, led by strong gains in China ( Shanghai +2.9%) after the government held back from a rate hike there. Last week China raised the reserve requirement for…

Monday, December 13, 2010 8:13 AM

The world markets are seeing gains across the board as the much anticipated (and perhaps feared) benchmark rate hike in China never came to pass. This came despite the much stronger than anticipated CPI and PPI data that came out on Saturday. One wonders how stable these gains will be in the coming days now that inflation is at a 28 month high. You can expect…

Volumes are low tonight but the Shanghai outperformed the other world markets thus far as China posted a better than expected (and record) Trade Balance figure. This prompted traders to dabble ahead of CPI data this weekend. After the market closed however, the PBOC raised the reserve requirement by 50 bps. The global markets did not see much of a reaction to this. The rest of the markets are painting a mixed picture with no real conviction out there.…