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@Sino_Market

Jul 16

SAUDI FOREIGN MINISTER: OIL PRODUTION WASN'T DISCUSSED AT JEDDAH SUMMIT. OPEC+ WILL CONTINUE TO ASSESS MARKET CONDITIONS AND DO WHAT IS NECESSARY AND WE TALK WITH THE U.S. ABOUT THAT ALL THE TIME.
#OOTT #US #OPEC

SAUDI FOREIGN MIN: OPEC+ RESPONDING TO OIL MARKET NEEDS.
#OOTT #SAUDI #OPEC

SAUDI FOREIGN MINISTER: KINGDOM COMMITTED TO FIND POSITIVE UNDERSTANDING WITH IRAN. TALKS WITH IRAN POSITIVE SO FAR. THERE WAS NO DISCUSSION ON A DEFENCE ALLIANCE WITH ISRAEL IN SUMMIT WITH BIDEN.
#IRAN #SAUDI #OOTT

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@Sino_Market

Jul 15

Fed's Bullard: We Have a Ways to Go on Inflation. This Week's Inflation Report Was "Hot". Inflation Has Continued to Surprise to the Upside. Based on These Inflation Numbers, Core Pce Inflation Hasn't Peaked Yet.

Fed's Bullard: Don't Think Recession Models Are Particularly Accurate. U.S. Economy Slowing to Trend Pace of Growth.

Fed's Bullard: I Think Most Recent Inflation Report Means Fed Should Now Target 3.75% Policy Rate by End of 2022.

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@Sino_Market

Jul 15

JUST IN
China Q2 GDP data:
Q2 GDP YoY +0.4%[Est.+1.0%;Prev.+4.8%]
Q2 GDP QoQ -2.6%[Est.-1.5%;Prev.+1.3%]
#China #GDP #EconTwitter 🇨🇳
More data will be updated in this thread.
1/

China' June urban surveyed unemployment rate 5.5%[Est. 5.7%; Prev. 5.9%]
Jan-June urban fixed investment +6.1% y/y [Est.+6.0%;Prev.+6.2%]
June industrial value-added +3.9% y/y [Est.+4.1%;Prev.+0.7%]
June retail sales +3.1% y/y [Est.0%;Prev.-6.7%]
#China #GDP #EconTwitter 🇨🇳
2/

In June, #China's total retail sales were recorded at 3.87 trillion yuan, up 3.1% y/y or up 0.53% m/m.
Among them, retail sales of goods were 3.50 trillion yuan, which rose by 3.9% y/y; The total revenue for the catering industry was 376.6 billion yuan, down 4.0%.
3/

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@Sino_Market

Jul 14

China's most-traded #IronOre futures plunge 5.9% at night open, coke down 4.8%, coking #coal down 2.8%, hot rolled coils down 2.7%, #SteelRebar down 1.8%.

Benchmark Dalian #IronOre futures extend losses to 6.8% at 669 yuan/ton amid property sector turmoil.

Shanghai non-ferrous #metals fall on demand outlook, #nickel down 4.2%, #tin down 2.6%, #zinc down 1.6%.

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@Sino_Market

Jul 14

SEC' Division of Corporation Finance Office of Mergers & Acquisitions Sends Letter to Elon Musk. Elon Musk, in Letter Dated June 7, 2022, Responds to Comments of Staff of SEC Set Forth in Letter Dated June 2, 2022.
#Twitter $TWTR #ElonMusk

SEC in Letter to Musk Says As of June 2 Have Not Received a Response Clearing Required Legal Comments. #Twitter $TWTR #ElonMusk

SEC to Musk Says "if You Do Not Respond, We Will, Consistent with Our Obligations Under the Federal Securities Laws, Decide How We Will Seek to Resolve Material Outstanding Comments".
#Twitter $TWTR #ElonMusk

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@Sino_Market

Jun 20

China #Evergrande: The independent investigation into the pledge guarantee of Evergrande Property Services is being actively carried out. The expected timing for the completion of the independent investigation has not yet been determined at this stage.
www1.hkexnews.hk/listedco/listc…

China #Evergrande: Due to the impact of the epidemic and the independent investigation of the pledge guarantee of Evergrande Property Services, the timing for the release of the 2021 annual results is yet to be confirmed.

⚡CHINA #EVERGRANDE SAYS ACTIVELY PUSHING FORWARD WITH ITS RESTRUCTURING WORK AND EXPECTS TO ANNOUNCE ITS PRELIMINARY RESTRUCTURING PLAN BEFORE THE END OF JULY.

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