ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 49.27 points or 0.18% to 26,806.67 Shanghai increased 37.89 points or 1.13% to 3,404.87 Hang Seng increased 218.09 points or 0.82% to 26,678.38 ASX 200 increased 77.50 points or 1.16% to 6,756.70 Kospi decreased 1.36 points or -0.05% to 2,770.43 SENSEX […]

ASIA: The US Congress has officially passed the USD 740 billion defense policy bill, which among other things, included calling out Chinese aggression against India along the Line of Actual Control (LAC). The US House of Representatives and the Senate on Tuesday passed the National Defense Authorization Act (NDAA), which included key components of Indian-American […]

ASIA: China’s economic recovery broadened in November as both retail sales and industrial production growth accelerated, data released on Tuesday showed. Retail sales, a key indicator of consumption trends in the world’s most populous nation, grew by 5.0 percent from a year earlier, marking the fourth successive month of expansion. The November growth rate was […]

ASIA: Despite claims of an economic recovery, Chinese state-owned companies are defaulting on their debts. A string of missed debt repayments by major firms has shaken local as well as global markets. State firms defaulted on a record $6.1 billion worth of bonds between January and October, according to Fitch Ratings. That’s about as much […]

ASIA: The US Federal Communications Commission (FCC) said on Thursday it began revoking China Telecom’s authorization to operate in the United States as it took further steps to crack down on China’s role in US telecommunications. FCC Chairman Ajit Pai noted several US government agencies had recommended the revocation citing national security concerns. In April, […]

  ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 61.70 points or -0.23% to 26,756.24 Shanghai increased 1.31 points or 0.04% to 3,373.28 Hang Seng decreased 92.25 points or -0.35% to 26,410.59 ASX 200 decreased 45.40 points or -0.67% to 6,683.10 Kospi decreased 9.01 points or -0.33% to 2,746.46 […]

ASIA: Asian economies – including India, China, Singapore and Indonesia – are set to brush aside the COVID-19 pandemic’s impact and would enter the ‘Goldilocks’ phase in 2021, as per a Morgan Stanley research. Goldilocks economy — not too much deflation, not too much inflation — sustains moderate economic growth. In other words, that is […]

  ASIA: China’s economy is growing stronger after the country posted a $75.4 billion trade surplus in November. Exports from China have risen 21.1% YoY, and was pushed especially by US consumers (46% increase) despite tariffs and muddled relations. US Secretary of State Mike Pompeo announced today that the US will sanction 14 top Chinese […]

As we prepare for this year’s World Economic Conference (December 4 and 5), please be advised the Market Talk blog posts will return on Monday, December 7. For those of you who have signed up for a virtual ticket, you still have time! Click here to register: https://armstrongeconomics.ticketspice.com/2020-world-economic-conference-us ASIA:   The major Asian stock markets […]

ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 increased 13.44 points or 0.05% to 26,800.98 Shanghai decreased 2.56 points or -0.07% to 3,449.38 Hang Seng decreased 35.10 points or -0.13% to 26,532.58 ASX 200 increased 1.70 points or 0.03% to 6,590.20 Kospi increased 41.65 points or 1.58% to 2,675.90 SENSEX […]