(31 January 2013) Important Notice: Click here to read the important notice.
CP Global Alpha (...)loading...
CPS-Master (...)loading...
CP Multi Strategy (...)loading...

Currency News

Asia’s Opening

HSBC’s preliminary China July manufacturing PMI reading provides a boost to risk sentiment by coming in at an 18-month high of 52.0, above forecasts on a 51.0 read after June’s final 50.7 print.

Suggesting downside pressure on the sector has abated as mini stimulus measures kick in, gains were broad based, with new orders hitting an 18-month high of 53.7 and output a 16-month best. After exhibiting some wariness ahead of the key print, bulls are being given a free rein to pick up risk assets, and combined with last night’s record high US stocks and a still dovishly inclined Fed, stocks and currencies are pressing higher, with AUD/USD lifting over a quarter of a cent to 0.9470. Safe havens are in turn being unwound with gold falling below $1,300 and 10-year Treasury yields being bid up to 2.478%.

Post RBNZ reaction (rate hike of 25 basis points to 3.50%) has been to violently dump the Kiwi as a stepped up warning by the RBNZ that the currency’s level was unjustified and unsustainable, as well as flagging of a prudent pause in its rate tightening cycle for a period of assessment.

  • Asia’s Opening

  • Asia’s Opening

  • Asia’s Opening

  • Asia’s Opening

What's New

Hong Kong investors are planning to increase their investments...

Hong Kong investors are planning to increase their investments into Asia over the next six months as China’s perceived investment potential soars amid concerns of economic slowdown and reform. A recent survey carried out by J.P. Morgan Asset Management found nearly one in five investors are planning to increase their investment amount in Asia over the coming six months, including in markets such as Japan and Hong Kong.

These findings were despite a majority (70%) of the respondents citing the economic growth slowdown in Mainland China as the main risk in the third quarter of 2014, along with uncertainty over the Mainland economic reforms (67%). Also, in Hong Kong, two in three investors see volatility in the stock market as one of the biggest risks for the third quarter and as such, 61% of investors say the potential volatility is impacting their investment strategy.

  • Rattled by falling home prices, some of the wealthiest Chinese...

  • The global asset-management industry has recorded its strongest year...

  • Global investors have regained a strongly bullish stance on the outlook...

  • The combined fund management business in Hong Kong hit another record...

  • Investors worldwide are at an impasse on reaching their financial goals...

Editorial

Loading...