Asia Market Movers | China seeking to cut lithium production - fears of oversupply

Monday, 11 Aug, 2025 Stock market update China seeking to cut lithium production - fears of oversupply China's Contemporary Amperex Technology Co. Ltd. (CATL) halted production for at least three months at its Jianxiawo lithium mine in Jiangxi province. The suspension, triggered by the expiry of its mi Central Banks PBOC is expected to set the USD/CNY reference rate at 7.1845 – Reuters estimate People's Bank of China USD/CNY reference rate is due around 0115 GMT. The People's Bank of China (PBOC), China's central bank, is responsible for setting the daily midpoint of the yuan (also known as Learn more News China July PPI falls 3.6%, CPI flat: Weak demand, housing slump keep deflation fears alive China's factory-gate prices fell more than expected in July, while consumer prices were flat, signalling that weak domestic demand and trade uncertainty continue to weigh on the economy. The data was Central Banks Reserve Bank of Australia expected to cut its cash rate this week by 25bp The Reserve Bank of Australia is meeting today and tomorrow, Monday, August 11, 2025 and Tuesday, August 12, 2025. After last month's shock decision to hold the cash rate steady in the face of a near Stocks Report that Nvidia, AMD to pay 15% export tax to US govmnt getting more widely reported The Financial Times has reported that Nvidia and AMD have struck a deal with the US government to hand over 15% of their revenue from chip sales in China, in exchange for export licences for those sem Central Banks ICYMI - On Saturday Fed Governor Bowman called for 3 FOMC rate cuts this year Michelle Bowman is a Governor on the Board of the U.S. Federal Reserve and as such has a permanent vote on the Federal Open Market Committee (FOMC). Bowman was speaking at a bankers' conference in Col Stock market update ES and NQ (and others!) are open on Globex, both are up We're open! The new week for US equity index futures has begun: S&P 500 eminis +0.15%, Nasdaq futures +0.2% Earlier news: US equity index futures are about to open - to HUGE news ... not in a good Stocks US equity index futures are about to open - to HUGE news ... not in a good way I posted the news here from the Financial Times: Reports that Nvidia and AMD to pay 15% of China chip sale revenues to US government More in that article. The gist is: Nvidia and AMD have struck a dea Learn more News Japan is on Mountain Day holiday today - markets are closed. US bond trade impacted. Japanese markets are closed today for the Mountain Day holiday. stock markets closed yen trade will be thinned out, most major will be as for US bonds, SIFMA's recommendation of a holiday will halt th

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