Discover and read the best of Twitter Threads about #cny

Most recents (4)

#China stocks roar on, with #CSI300 up ~20% in little more than a week as (official) #margin debt climbs Y150bln to touch Y1.3 trillion - levels only seen in the peak months of 2015's madness.
Worth noting a rejection here could mean the Jan'19 formation is complete.
#SHFE #SHSZ
As the money floods into #China #equities, #bonds bear the brunt. Wealth Managers are the MOMO traders de jour "Our company's mixed products can have 60% allocations to #stock, but now we're at 70-80%. This is a normal phenomenon [sic]," said one.

#SHFE #SHSZ
This latest burst has also spared #CNY the ignominy of setting a new 12-year high above 7.18, instead pushing it briefly back through the talismanic 7.00 parity. Ergo, either locals are repatriating to get in on the action or Johnny Foreigner is being sucked into the move.
#FX
Read 14 tweets
#CBOE #VIX #volatility index, also known as #WallStreet's "fear gauge" records biggest one-day spike in 10 months
MSCIโ€™s All-Country World Index, which tracks #shares across 47 countries, fell for a six straight day on Monday - marking its longest losing streak this year.
Read 10 tweets
#HongKong: Pressure on the #USD - #HKD peg is mounting. The rising #US interest rates have put enormous pressure on the HKD peg. This has depleted Hong Kong's excess FX reserves.
#HongKong has FX Reserves of $438bn (March 2019) plus another $6.9bn from the HKMA Exchange Fund which is there to stabilize the #HKD peg. Looking at the HKMA Exchange fund it is clear that money has been leaving HK. Since 2016 the fund has gone from $55bn to $7bn.
#HongKong M2 is currently 1,8 trillion USD. However, the total FX Reserves / M2 are only at 24%.
Read 8 tweets
Good morning ๐ŸŒž Epic manufacturing ๐Ÿ‡บ๐Ÿ‡ธ ISM jobs report๐Ÿ”ฅ๐Ÿ“ˆ

And we all know that jobs are key, esp manu jobs for the low skilled as they need stable full-time employment & purpose.

Obvs when we think of this, 1 country needs it more than most: ๐Ÿ‡ฎ๐Ÿ‡ณ India. Threadโ€™ll follow soon ๐Ÿ˜Ž
US ISM manufacturing basically remained high above 50 (55.3 to be exact for March although lower than early 2018) & that is a big divergence b/n contracting Eurozone manufacturing PMI & China contracting PMI in Q1 (although by only a smudge)

๐Ÿ‘‡๐Ÿป๐Ÿ‘‡๐Ÿป๐Ÿ‘‡๐Ÿป๐Ÿ‘‡๐Ÿป๐Ÿ‘‡๐Ÿป

#USD #DXY #EUR #CNY #CNH
This is wut the ISM manufacturing employment job report look like:

๐Ÿ“ˆ๐Ÿ“ˆ๐Ÿ”ฅ๐Ÿ”ฅ๐Ÿ”ฅ

(btw, China & the EU are not employment but headline numbers). Trump will use this for his 2020 pitch ๐Ÿ‘‰๐Ÿปmanu employment bouncing in the ๐Ÿ‡บ๐Ÿ‡ธ (yes, tax cuts helped & tariffs added costs of foreign goods)
Read 6 tweets

Related hashtags

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!