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Thursday, May 30, 2024

Asia Market Movers: Chinese companies buy back shares, lift dividends - driving rally

Chinese companies buy back shares, lift dividends - driving rally

Reuters with the summary of developments in Chinese stock markets: China-listed firms announced record cash dividends totalling 2.2 trillion yuan ($300 billion) for 2023 despite a fall in combined pro... 

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PBOC says will ensure stable growth, risk prevention

A People's Bank of China deputy governor: Bank will coordinate relationship between short-term tasks and long-term goals, stable growth and risk prevention, and internal and external balances Will su... 

New Zealand budget - Treasury forecasts inflation below 3% in Q3 2024

New Zealand forecast a budget deficit of NZ$11.07($7.04 billion) for the fiscal year ending June 30 2024, wider than a deficit of NZ$9.32 billion forecast in its half-year fiscal update in December. T... 

More Swiss National Bank Jordan - weak franc the most likely source of higher inflation

Swiss National Bank Chair Thomas Jordan spoke on Thursday in Seoul, South Korea: weaker franc is currently the most likely source of higher Swiss inflation the Bank could counteract this by "selling f... 

Australian Q1 Capex +1.0% q/q (expected +0.5%)

The headline number is just part of the capex story. Q1 Capex % q/q expected +0.5%, prior +0.8% Plant and machinery +3.3% q/q (prior -0.1%) Building capex -0.9% q/q (prior +1.5%) Estimates improving:... 

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Latest Forex Orders

1.08 is a big level for EUR/USD, 2.8bn in strikes for May 30

EUR/USD is sitting just under 1.08 as I update The big figure may well act as a magnet during the session with 2.8bn in strikes at the level on May 30. EUR remains under pressure as policy divergence... 

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