Wolf Money(world market review 12-18 Sept 2022)
Market Summary 12-18 Sept 2022
๐บ๐ธ ๐บ๐ธ ๐บ๐ธ ๐บ๐ธ ๐บ๐ธ
- US inflation in Aug rises faster than expected at 8.3%
- Biden singed executive order urging scrutiny of deals involving critical technologies
+ US consumer confidence grows slightly in Sept at 59.5 pts in Sept, up by 2.2 MoM
+ US retail sales up 0.3% to US$683.3bn in Aug
+ US business inventories increase 0.6% in July vs previous mth
- US industrial production down 0.2% in Aug vs July
- Wall St drops to 2-mth lows due to recession fears
- US IPOs represent only 14% of US$153bn this year fetched globally so far this year
- US 30-year fixed-rate mortgage rates rise over 6% for the 1st time since 2008
- US banks deposits dropped to US$19.562 trillion as of June 30, plunged by record US$370bn, 1st decline since 2018: WSJ
- US plans to broaden curbs shipments to China semiconductors used for AI and chip-making tools next mth: source
+ SEC draft rules to boost central clearing in Treasures could help to shore up resiliency in US$24 trillion market
+ US import prices fell for 2nd straight mth in Aug due to lower cost for petroleum products and strong USD
+ US gas inventories stood at 2771bn cubic feet, up by 77B cubic feet, crude oil inventories went up by 2.4m barrels to 429.6m
- US Treasury Dept announced ready to impose sanctions on any institution using Russian payment system
- US Senate panel approved US$6.5bn to fund weapons for Taiwan
- US consumer gp says drugmakers abuse US patent system to keep prices high
- Boeing plans to remarket some 737 MAX jets earmarked for Chinese airlines
- Boeing’s China orders to be affected with home-grown C919 set for green light to be certified
+ US aims to deploy 15 GW of new floating offshore wind platform by 2035
+ Starbucks to make China its biggest market surpassing US, to reach 9000 stores by 2025
+ Tesla pausing plans to make battery cells in Germany as it seeks at qualifying for US EV and tax credits
- Google was sued for €25bn over its anti-competitive practices in digital advertising in UK, EU courts
+ Moderna is open and has the capacity to supply Covid vaccines to China: CEO
+ GM to invest US$491m on metal stamping facility to help EV production
+ J&J announced share repurchase program to buy back share up to US$5bn common stock
+ US audit inspectors to arrive in HK this week to start auditing US-listed Chinese firms
- Bridgewater’s Ray Dallo expects stocks to fall 20% if rates rise to 4.5%
๐จ๐ณ ๐จ๐ณ ๐จ๐ณ ๐จ๐ณ ๐จ๐ณ
+ Xi began official visit to Kazakhstan, which BRI was first proposed back in 2013, n Uzbekistan to attend SCO summit
- China’s yuan traded in offshore market breached critical threshold of 7 per USD at 2-year low
+ China’s central bank keeps medium-term policy rate steady at 2.75%
+ China’s 7 largest banks cut saving rate for the first time since 2015, to boost consumption, investment
+ China’s industrial output up 4.2% YoY, retail sales up 5.4% reaching 3625.8bn yuan in August
+ China moves to lower institutional transaction costs, expand market access for businesses
+ China to continue tax deferral for smaller manufacturers to revive economic activity
+ China’s developers will deliver homes gradually; financing will improve as more incentive measures are carried out: Ministry
- China new home prices fall fastest pace MoM since Nov 2021, on-year since Aug 2015, property sales fall tor 13th mth in a row
+ Chinese Cities ramping up efforts to finish stalled real estate projects and ensure housing delivery to home buyers: ministry
+ China >25 cities allowed residents to buy homes with parents’ housing provident funds
+ China will use its B&R initiative to expand green-energy infrastructure in Kazakhstan
+ China-Kyrgyzstan-Uzbekistan (CKU) railway construction project could reportedly be singed at SCO summit
+ China gives green light to 2 new nuclear power plants projects
+ Xinjiang sees foreign trade surged 49.6% in Jan-Aug to US$21bn: customs data
+ China’s C919 narrow-body passenger jet cold be certified as early as next Monday
- China as many as 3470 firms, including word for ’chip’ in brands operations had deregistered between Jan-Aug
+ China’s 7 of 10 vehicles to be smart by 2025, power battery output surges 121% in Aug
+ China’s power consumption up 4.4% in Jan-Aug
+ Shanghai emerged as centre for China’s most competitive chip players, including SMIC and SMEE
+ Shanghai confirms 14-nm chips are begin mass produced in the city
+ China state-owned Baowu Steel Gp announced JV with Australia’s Rio Tinto to develop US$2bn iron ore project
- Evergrande HK HQ building seized by creditor Citic Bank over unpaid loan of almost US$1bn
- China’s smartphone shipments plunge 31% in July
+ BYD inked a deal to build its first overseas passenger car factory in Thailand
- China domestic tourism spending fell 22.8% from last year’s Mid-Autumn festival to US$4.2bn
- China plans sanctions on CEOs of Boeing Defence, Raytheon over Taiwan arm sales
+ Chinese mobile firms may set up plants in other countris due to India crackdown
+ Tencent Music opts for HK listing by introduction, to debut next week
+ ByteDance to spend up to US$3bn to repurchase shares from investors
+ HK planning roadmap for development of innovation and technology next 5-10 years, may announce within 6 mths
+ HKEX may add new listing chapter to cater to large tech firms at early stage of product commercialization
+ HKEX may lower the revenue requirements for hard-tech companies to go public
- HK home prices set to hit 5-year low as rates hike deter buyers
+ HK may announce end of hotel quarantine soon
- HK facing wave of restaurant closures as landlords chasing about 8000 businesses over unpaid rent
- HK millionaire population slipped 4th places to 12th in a list compiled by consultancy Henley, number down by 14% to 125,100
+ Macau 7 firms bid for new casino licenses with new contracts set to start beginning 2023
- Taiwan-US to discuss new chips law in Oct
๐ฏ๐ต ๐ท๐บ ๐จ๐ฆ ๐
- Japan declared that FX intervention is among the options to combat yen’s fall
- Japan’s producer prices rise by 9% in Aug
- Japan posted its biggest single-month trade deficit on record in Aug, imports jumped 49.9% to US$19.71bn in trade deficit
- Japan’s govt must take steps as needed against excessive, one-sided yen moves: official
- Japan to consider financial income tax hike to pay for defense spending
+ Japan significantly increased purchased of LNG from Russia in Aug, up by 211% in quantity YoY
- Japan Aug core inflation seen hitting near 8-year high: Reuters poll
+ Japan aims to remove its cap on daily arrivals by end Oct, consider removing other remaining barriers to foreign tourism
- Toyota unit in Thailand must pay US$272m in import duties: Thai top court
+ Bank of Russia cuts interest rate by 50 bps to 7.5%
+ Putin tells Modi Moscow is willing to end Ukraine war ‘as soon as possible’
+ Putin tells Europe; if you want gas, then open Nord Stream 2
+ Russia top oil producer Rosneft posted 13% rise in H1 net profit to US$7.22bn
+ Russia to replace Nord Stream 2 with pipeline to China: Energy Minister
+ Russia unveiled new gas pipeline to China through Mongolia
+ Russia expected to deliver 50bn cubic meters of natural gas annually to China
+ Putin predicts new record trade with China, annual trade turnover to increase to US$200bn or more
- Air Canada to buy 30 electric planes for the first time from Heart Aerospace
- Gold plunged to its lowest since April 2020, lost nearly US$400 since its March peak
๐ช๐บ ๐ฉ๐ช ๐ฌ๐ง ๐ซ๐ท ๐บ๐ฆ
- Eurozone trade deficit in goods rose in July to €34bn vs surplus of €20.7bn in July 2021
- European gas plummeted 14% after Russia reveals export drop
- Eurozone industrial output down 2.3% in July
- ECB likely increase its key interest rates multiple times upcoming mths, 75bps unlikely: Scicluna
- Europe 5G rollout to be delayed due to rising energy bill
+ EU car registrations rise 4.4% in Aug, marking first monthly increase in 13 mths
- EU natural gas prices continued to rise, up by 12% this week
- Eurozone inflation confirmed at record 9.1% in August as energy, food prices surge
- European Court of Justice recommends €4.1bn in Google antitrust case
- EU plans comprehensive reform of electricity market, include cap on producers’ profit that would raise €140bn
+ Airbus anticipates A321 assembly at Tianjin facility later this year
- Germany economic outlook for H2 dramatically worsened: Ministry
- Germany economic minister hypes cutting reliance on China, said ministry is working on a new trade policy related to China
- Germany seizes control of Russian oil refineries Rosneft under trusteeship
- UK CPI stood at 9.9% in Aug, vs July when annual inflation at record 10.1%
- British pound sank to its weakest level against USD since 1985 or 37 years low
- UK producer prices up by 16.1% in 12 mths ending Aug
- UK retail sales volumes decline 1.6% in Aug MoM
+ UK unemployment at 3.6% in qtr to July, lowest since 1974
+ HSBC likely to resume share buybacks in H2: CFO
- France govt to spend €16bn to limit energy price increase to 15%: minister
- Ukraine reconstruction estimate to cost US$349bn: report
๐ฆ๐บ ๐ฐ๐ท ๐ฎ๐ท
- Australia’s central bank hints at 2.5%-3.5% range, closer to normalising rates
+ Asia stock listings have raised US$104bn so far this year, accounting for record 68% global volume
- South Korea issued arrest warrant for founder of crypto’s Terra
+ SK Gp to invest US$52bn by 2023 to boost its national production facilities for chips
- South Korea fines Google, Meta combined US$71.9m for unauthorised data collection
+ Samsung aims to achieve carbon neutrality by 2050
+ Iran signed MOU on joining the Shanghai Cooperation Organisation (SCO)
๐ฎ๐ฉ ๐น๐ญ ๐ต๐ญ ๐ฑ๐ฆ ๐ฒ๐พ ๐ธ๐ฌ
+ Indonesia’s imports and exports reached all-time highs in Aug
- Indonesia to stop issuing license for new coal-fired power plants to boost development of new n renewable energy
+ Indonesia open to buying cheap oil from anywhere: minister
- Thai Baht falls below 37 to USD, its lowest since Dec 2006
+ Philippines awarded US$11bn airport project to a consortium backed by Samsung and European companies
- Laos inflation surged to 30.1% YoY in Aug from
+ Malaysia’s economic performance increases 33.1% between Jan- Aug period to total trade value RM1.87 trillion
+ Malaysia-China trade expected to hit new record high this year with implementation of RCEP: minister
+ Malaysia likely to meet annual GDP of 7.7%: JP Morgan
+ Malaysia car sales on pace to exceed 2022 forecast
+ Malaysia had 62% of foreign airlines resumed operation from 5 main airports
+ Sg NODX growth accelerates to 11.4% in Aug from 7% in July
+ SGX plans changes to corporate disclosure rules, including asking firms to reveal exactly how much chief executives are paid
+ SGX securities turnover value climbs 35% MoM to S$24.3bn in Aug from 25.6% in July
+ Sg employment in Q2 recovers to near pre-pandemic levels: MOM
+ Changi Airport to increase fees and levies for departing passengers
+ Sg seeks to create 3000 financial sector jobs a year under financial services industry transformation map 2025
Contribution by Derek@valueinvestments chat group. Thank you.
Please follow us on telegram for the latest update on Lone Wolf investor by clicking on the link below
https://t.me/joinchat/oCgkD3sQFRMzMWM1
Disclaimers
All investments is highly speculative in nature and involves substantial risk of loss. We encourage our reader to invest very carefully. We also encourage reader to get personal advice from your professional investment advisor and to make independent investigations before acting on information that we publish. Much of our information is derived directly from information published by companies or submitted to governmental agencies on which we believe are reliable but are without our independent verification. Therefore, we cannot assure you that the information is accurate or complete. We do not in any way whatsoever warrant or guarantee the success of any action you take in reliance on our statements. All information provided are for education only. Buyer beware,do you own due diligence.
Comments
Post a Comment