Morning Bid: Checking pulse of China profits, eyeing yen action
Trading volume and activity across Asia on Monday will be among the lightest this year owing to the U.S. and UK public holidays, but markets are open and there is no shortage of issues for investors to chew on.
The dollar is back up at 157.00 yen, and the latest Commodity Futures Trading Commission figures show that after three weeks of reducing short yen positions, speculators are now loading up on them again.While trading volume will be thin in Asia on Monday, the global investment backdrop remains constructive. Although bond yields are rising and central banks' are leaning increasingly hawkish, markets remain buoyant.
Downward pressure on the yuan's exchange rate appears to be building again. The spot yuan just had its biggest weekly fall against the dollar since mid-March, and the central bank's daily dollar/yuan fixing rate on Friday was above 7.1100 for the first time since January.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Morning Bid: China clouds darken market moodMorning Bid: China clouds darken market mood
Read more »
Morning Bid: Dollar recoils at 160 yen, Tesla's China joyA look at the day ahead in Asian markets.
Read more »
Morning Bid: Rates frustration spoils markets' Friday moodMorning Bid: Rates frustration spoils markets' Friday mood
Read more »
Morning Bid: News vacuum sucks momentum from marketsMorning Bid: News vacuum sucks momentum from markets
Read more »
Morning Glory: Trump sees Biden debate bid and raises itIt's presidential debate time in a big way. Both Trump and Biden are preparing for the continuation of their rivalry and another chance to duke it out in front of the American people.
Read more »
The Morning After: In a bid to stop ban, TikTok creators are suing the US governmentMat Smith heads up Engadget’s daily newsletter from London, UK. He has worked at Engadget for over a decade and has covered console gaming, flagship smartphones, the Apple Watch and fitness tech that promises to make him faster or stronger. He’s currently learning how to backflip.
Read more »