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Market Talk – April 7, 2021 | Armstrong Economics


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ASIA:
The International Monetary Fund (IMF) raised its FY22 growth forecast for India to 12.5% from 11.5% estimated earlier in January, even as a resurgent Covid spread threatens to undermine the country’s economic recovery. The Washington-based global financial institution, in its annual World Economic Outlook ahead of the annual Spring meeting with the World Bank, said the Indian economy is expected to grow by 6.9% in 2022. China, the only major economy to have a positive growth rate in 2020 of 2.3%, is expected to grow by 8.6% in 2021 and 5.6% in 2022.
The major Asian stock markets had a mixed day today:
NIKKEI 225 increased 34.16 points or 0.12% to 29,730.79 ....

United Kingdom , United States , New Zealand , South Korea , World Bank , District Of Columbia , Robert Kaplan , Charles Evans , International Monetary Fund , French Services , Market Committee , Dallas Federal Reserve Bank , Nikkei Services , Italian Services , Commerce Department , German Services , Spanish Services , Palm Oil , World Economic Outlook , Price Index , Reserve Ratio , Rate Decision , Federal Open Market Committee , Chicago Fed President Charles Evans , Federal Reserve Bank President Robert Kaplan , Market Closings ,

Market Talk – March 4, 2021 | Armstrong Economics


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ASIA:
The latest edition of the Heritage Foundation’s annual “Index of Economic Freedom,” which ranks countries of world’s freest economies, released Thursday, saw Hong Kong excluded from the list it once dominated because its policies are “controlled from Beijing, the agency reported. The news comes on the eve of China’s annual National People’s Congress, which gets underway in Beijing on Friday with greater control over the territory seemingly on the agenda. The United States, its allies and international human rights organizations have heavily criticized China over the law, which they say has undermined the city’s autonomy and helped Beijing crush dissent. ....

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Market Talk – February 23, 2021 | Armstrong Economics


NIKKEI 225 closed
Hang Seng increased 312.81 points or 1.03% to 30,632.64
ASX 200 increased 58.30 points or 0.86% to 6,839.20
Kospi decreased 9.66 points or -0.31% to 3,070.09
SENSEX increased 7.09 points or 0.01% to 49,751.41
Nifty50 increased 32.10 points or 0.22% to 14,707.80
The major Asian currency markets had a mixed day today:
AUDUSD decreased 0.00169 or -0.21% to 0.79017
NZDUSD increased 0.00013 or 0.02% to 0.73313
USDJPY increased 0.21 or 0.20% to 105.18
USDCNY increased 0.00385 or 0.06% to 6.46681
Precious Metals:
Silver decreased 0.55 USD/t. oz or -1.96% to 27.607
Some economic news from last night:
China:
South Korea:
New Zealand:
Retail Sales Quarterly Vs. Year Ago (Q4) decreased from 8.3% to 4.8%
Indonesia:
M2 Money Supply (YoY) (Jan) decreased from 12.40% to 11.80%
Some economic news from today: ....

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Market Talk – February 2, 2021 | Armstrong Economics


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ASIA:
China’s growth is likely to moderate in the coming months as the country faces risks on two fronts, according to the chief Asia economist of Goldman Sachs. Goldman Sachs economist Andrew Tilton said the policy makers are quite comfortable with the recovery so far and are starting to pull back on policy stimulus to some degree. The world’s second-largest economy showed robust GDP growth in the fourth quarter of 2020, expanding at 6.5% compared to a year ago. It beat market expectations and made China one of the few major economies in the world to record positive growth for a year mired by the coronavirus pandemic. ....

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