Market Overview - Page 140

Shares of Tencent and NetEase plunged on Tuesday after Chinese state media branded online gaming “opium” and likened it to a drug. The article also called for further restrictions on the industry in order to prevent addiction and other negative.

The 2021 holiday shopping season could be marred by out-of-stock goods and shipping delays as the recent floods in Europe and China exacerbate already strained global supply chains. Western Europe and China’s Henan province — a key transport hub and.

Euro-area factories are hiring new workers at record pace to keep up with persistently strong orders. Job creation was particularly pronounced in Germany and Austria last month, according to an IHS Markit survey of purchasing managers. Manufacturers continued to face.

The Securities and Exchange Commission said Friday it will require additional disclosures from Chinese companies seeking a listing on U.S. stock exchanges, following Beijing’s intensified crackdown on oversea share issuance. “In light of the recent developments in China and the.

Shares in major Asia-Pacific markets rose on Monday, as data showed Chinese manufacturing activity growth slowed in July. Shares of Afterpay in Australia soared 18.77% on Monday after U.S. fintech firm Square announced it had agreed to buy the buy.

European stocks climbed on Monday along with U.S. index futures as positive corporate earnings and economic data offset lingering concerns over China’s regulatory crackdown and the spread of the delta virus variant. Carmakers and retailers led the advance in the.

China wants to lower its steel production this year, but that could prove difficult. In the first half of 2021, Chinese steel mills have churned out nearly 12% more crude steel compared to the same period in 2020, according to.

India’s chief economic advisor Krishnamurthy Subramanian hit back at the International Monetary Fund for downgrading the country’s growth projection, saying it’s “significantly off the mark.” The IMF last week cut India’s growth outlook to 9.5% for the fiscal year ending.

England’s relaxation of Covid-19 restrictions is risking the emergence of new, potentially more dangerous variants of the virus, scientists have warned. England lifted most of it last remaining restrictions on July 19, including mandatory mask-wearing and social distancing. Scotland, Wales.

Markets start the week with a predominantly positive sentiment, which can be attributed more to capital inflows than stronger macroeconomic indicators. There is some concern about China, where manufacturing PMI fell to a 15-month low of 50.3 in July, clinging.

Asian markets are losing again on Friday and are on track for their worst monthly decline since last March. However, we do note a marked improvement in sentiment compared to the start of the week. Friday’s 0.8% drop in Asian.

Economic data remains on the side of the weak dollar, especially contrasting with the brisk eurozone statistics today. Germany is reporting a 91k drop in the number of unemployed in July – the sharpest drop in 15 years and three.