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@Sino_Market

Apr 30

⚡JUST IN
#China April official #PMI
Manufacturing PMI 49.2 [Est.51.4 Prev.51.9]
Non-Manufacturing PMI 56.4 [Est.57 Prev.58.2]
Composite PMI 54.4 [Prev.57]
#manufacturing #EconTwitter 🇨🇳 1/

NBS: The PMI for China's manufacturing sector decreased by 2.7 PPs m/m, falling into the contraction zone after running above 50% for three consecutive months.
However, the financial situation of enterprises has improved, and enterprises are relatively optimistic about future.
2/

NBS: the new export order index was 47.6%, -2.8 PPs m/m, with two consecutive months of significant declines.
Surveys show that the proportion of companies reflecting insufficient market demand was 56.9%, an increase of 1.6 PPs m/m, reaching a new high in 36 months.
3/

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@Sino_Market

Apr 28

⚡ CPC held an economy-focused politburo meeting today, stressing new obstacles in economic transformation while demand is still not sufficient.
Boosting demand is key to economic improvement.
#China

Key takeaways from the CPC's politburo meeting:
🔸The triple pressures of shrinking have been alleviated, and econ growth beat expectations.
🔸To deepen reform and opening up, combining the effectiveness of policies with the stimulation of vitality among market entities.
2/n

🔸China will expand the advantages of NEVs, pushing forward charging stations and energy storage and supporting power grids.
🔸To attach great importance to AI dev, while managing risks
🔸To stimulate demand through active fiscal policies and stable monetary policies.
3/n

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@Sino_Market

Apr 27

GERMANY IN TALKS TO LIMIT THE EXPORT OF CHIP CHEMICALS TO CHINA: BBG

The move could affect German companies including Merck, BASF. Chancellor Scholz has been striking a harder line on China.
#Germany #China #chips

The proposal is part of a package of measures that Chancellor Olaf Scholz’s government is discussing that would cut off China’s access to goods and services needed for the production of advanced semiconductors, according to people familiar with the matter.
#Germany #China #chips

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@Sino_Market

Mar 19

US FED SAYS FED AND CENTRAL BANKS OF ENGLAND, CANADA, JAPAN, ECB AND SWITZERLAND ANNOUNCE COORDINATED ACTION TO ENHANCE THE PROVISION OF LIQUIDITY VIA THE STANDING U.S. DOLLAR LIQUIDITY SWAP LINES.

US FED: DAILY OPERATIONS WILL COMMENCE ON MONDAY AND WILL CONTINUE AT LEAST THROUGH THE END OF APRIL.

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@Sino_Market

Mar 19

SWISS FINMA APPROVES MERGER OF UBS, CREDIT SUISSE.
#CreditSuisse #UBS #BankingCrisis

FINMA: GOV'T SUPPORT WILL TRIGGER A COMPLETE WRITE-DOWN OF THE NOMINAL VALUE OF ALL AT1 SHARES OF CREDIT SUISSE IN THE AMOUNT OF AROUND CHF 16 BILLION. ON THIS BASIS, IT WILL BE POSSIBLE TO CONTINUE ALL THE BUSINESS ACTIVITIES OF BOTH BANKS WITH NO RESTRICTIONS OR INTERRUPTIONS.

FINMA: SNB MOVE WILL PROVIDE SUFFICIENT LIQUIDITY TO CARRY OUT THE TAKEOVER. WILL ALSO COORDINATE WITH NATIONAL AND INTERNATIONAL AUTHORITIES , NAMELY THE US FEDERAL RESERVE AND THE BRITISH PRUDENTIAL REGULATORY AUTHORITY.
#CreditSuisse #UBS #BankingCrisis

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@Sino_Market

Mar 19

SNB: UBS TODAY ANNOUNCED THE TAKEOVER OF CREDIT SUISSE. BOTH BANKS HAVE UNRESTRICTED ACCESS TO THE SNB’S EXISTING FACILITIES.
#CreditSuisse #UBS #BankingCrisis

SNB: THIS TAKEOVER WAS MADE POSSIBLE WITH THE SUPPORT OF THE SWISS FEDERAL GOVERNMENT, THE SWISS FINANCIAL MARKET SUPERVISORY AUTHORITY FINMA AND THE SWISS NATIONAL BANK.
#CreditSuisse #UBS #BankingCrisis

SNB: SNB CAN GRANT CREDIT SUISSE A LIQUIDITY ASSISTANCE LOAN OF UP TO CHF 100 BILLION BACKED BY A FEDERAL DEFAULT GUARANTEE. SUBSTANTIAL PROVISION OF LIQUIDITY WILL ENSURE THAT BOTH BANKS HAVE ACCESS TO THE NECESSARY LIQUIDITY.
#CreditSuisse #UBS #BankingCrisis

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