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Top related persons:
Redmond Wong - 2 Xi - 2 Rodrigo Catril - 2 Saxo's Wong - 2 Brent - 2 Selena Li - 2 Antony Blinken's - 1 Joice Alves - 1
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HONG KONG China Asia Pacific Japan Greater China Beijing United States
Top related orgs:
CSI - 2 Saxo Markets - 2 National Australia Bank Senior - 2 U.S - 2 Thomson - 2 People's Bank of - 1 Citi - 1 Reserve Bank - 1

Search resuls for: "National Australia Bank Senior"


3 mentions found


☆ China's smaller-than-expected rate cut sends stocks lower
  + stars: | 2023-06-20 | by ( Selena Li Joice Alves | Selena Li | Joice Alves | ) www.reuters.com   time to read: +3 min
China cut its benchmark loan prime rates (LPR) for the first time in 10 months on Tuesday, with a smaller-than-expected 10-basis point reduction in the five-year LPR. China's benchmark CSI (.CSI300) slipped 0.17%, with the real estate index (.CSI931775) falling 1.9%, its biggest daily decline in a month. "I don't think they (the LPR cuts) are going to move the needle at all," said Redmond Wong, Greater China market strategist at Saxo Markets. He said a 15 basis-point cut would have sent a "stronger message" that could boost sentiment in China's property sector. The People's Bank of China lowered the medium-term lending facility rate on Thursday last week.
Persons: Redmond Wong, Xi, Rodrigo Catril, Antony Blinken's, Saxo's Wong, Brent, Selena Li, Joice Alves, Anisha Sircar, Susan Fenton Organizations: CSI, Saxo Markets, People's Bank of, National Australia Bank Senior, Citi, U.S, Reserve Bank, Australia's, Bank of England, Thomson Locations: HONG KONG, China, Asia, Pacific, Japan, Greater China, Beijing, People's Bank of China, United States, Hong Kong, London
☆ Asia shares fall on China's modest rate cut
  + stars: | 2023-06-20 | by ( Selena Li | ) www.reuters.com   time to read: +3 min
HONG KONG, June 20 (Reuters) - Stocks in Asia fell on Tuesday as investors worried China's latest rate cut was not enough to boost confidence in the weakening economy and awaited a wider stimulus package by Beijing. China, in a highly anticipated move, cut two key benchmark lending rates for the first time in 10 months on Tuesday, with its one-year loan prime rate (LPR) lowered by 10 basis points to 3.55% and the five-year LPR cut by the same margin to 4.20%. "I don't think they (the LPR cuts) are going to move the needle at all," said Redmond Wong, Greater China market strategist at Saxo Markets. He said a 15 basis-point cut would be a "stronger message" to boost China's property sector. The People’s Bank of China lowered the medium-term lending facility rate on Thursday last week.
Persons: China's, Redmond Wong, Xi, Rodrigo Catril, Goldman Sachs, Antony Blinken, Saxo's Wong, Brent, Selena Li, Sonali Paul Organizations: CSI, Saxo Markets, People’s Bank of, National Australia Bank Senior, U.S, Japan's Nikkei, Treasury, Thomson Locations: HONG KONG, Asia, Beijing, China, Pacific, Japan, U.S, Greater China, People’s Bank of China, United States, Hong Kong
☆ Dollar rebounds as Fed officials say hikes to continue; yen slumps
  + stars: | 2022-11-15 | by ( Kevin Buckland | ) www.reuters.com   time to read: +3 min
The dollar index , which measures the currency against six counterparts including the yen, euro and sterling, edged 0.03% higher to 107.00 early in the Asian day. The index held onto gains made on Monday when it rebounded from a three-month low of 106.27 hit on Friday. The dollar gained 0.34% to 140.40 yen , adding to its 0.84% overnight rebound from a 2 1/2-month low of 138.46. The euro was little changed at $1.03215 following its retreat from a three-month high of $1.0364. The offshore Chinese yuan was little changed at 7.0461 per dollar, after hitting a more than five-week high of 7.0200 in the previous session.
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