MADRID | July 21, 2015 | By JP Marín Arrese | Once the eurozone has overcome its Greek imbroglio, at least temporarily, the next unsettling move will come from the Fed’s widely expected rate hike.
LONDON | July 17, 2015 | UBS | Property activity corrected visibly in 2014 and H1 2015, with declining property starts and weaker construction dragging down China’s industrial sector and GDP growth.
LONDON | July 15, 2015 | BNP Paribas | The fall in the Chinese equity markets is mainly a market correction phenomenon, the most important question now is how it will transmit to the real economy. Our view is that the transmission will be muted.
LONDON | July 14, 2015 | UBS | The “Wall of Worry” for the European Equity Bull market has shifted somewhat from Greece to China.
LONDON | July 13, 2015 | By Sigrún Davídsdóttir | Many controlling shareholders in China have pledged shares as collateral for bank loans – this was a common practice in Iceland up to the October 2008 banking collapse. Now this practice seems to be causing share trading suspensions in China.
BEIJING | July 13, 2015 | By Xie Wen via Caixin | The recent crash makes a relisting in China unappealing, and the signal sent by wanting to depart in first place damages companies’ credibility.
BEIJING | July 10, 2015 | By Alberto Lebrón | Can you imagine a country capable of losing, in just three weeks, nearly five times what Greece owes the Troika? Chinese stock markets have lost ten billion yuan. In euros, that is almost one and a half billion, more than Spain’s entire GDP.
BEIJING | July 8, 2015 | Caixin | The government was slow to recognize the risks that umbrella trusts created, then acted as if the Shanghai Composite Index should set policy.
LONDON | July 8, 2015 | Barclays | Shanghai, Shenzhen, and Hong Kong-listed H-Share indices all fell 3-4%, although the declines likely understate the weakness in sentiment given that trading has been halted in shares comprising c.40% of market capitalisation.
BEIJING | July 2, 2015 | By Xu Gao via Caixin | Moves by the Chinese central bank (PBOC) indicate that it is paying close attention to margin trading and the commitment that banks have made to the bourse.