Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Ying Shan Lee"


3 mentions found


Why China's central bank has stopped bond purchases
  + stars: | 2025-01-10 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +5 min
BEIJING — The Chinese central bank halted its government bond purchases Friday in an attempt to slow a one-way bonds trade that's put unwanted downward pressure on the yuan, analysts said. China's 10-year bond yield plunged to a record low this month, while the Chinese currency traded in Hong Kong on Wednesday hit its weakest against the U.S. dollar in more than a year. Compared with the U.S. Treasury 10-year bond yield of 4.68%, the yield on the Chinese government 10-year bond is around 1.64%. Supporting the yuanChina has also recently ramped up efforts to support the yuan by issuing bills in the Hong Kong market. The PBOC will auction 60 billion yuan in six-month bills in Hong Kong on Jan. 15, the Hong Kong Monetary Authority said Thursday.
Persons: that's, Larry Hu, Hu, didn't, Pan Gongsheng, Peter Alexander, Lynn Song, Zong Ke, Zhiwei Zhang, Brian Tycangco, Zong Liang, Haizhong Chang, corporates, Fitch Bohua, Bao, Ying Shan Lee Organizations: People's Bank of China, U.S, People's Bank of, gov, Macquarie, PBOC, Ben Advisors, Wequant, Management, U.S . Treasury, Treasury, Stansberry, Hong Kong Monetary Authority, Bank of China, Fitch Locations: Beijing, BEIJING, Hong Kong, People's Bank of China, China, U.S, Shanghai, outflows
Investors have been bullish on Japan stocks since last year, repeatedly driving them to record highs. Goldman Sachs has named "Seven Samurai" stocks in Japan, which it says could be an equivalent of the United States' "Magnificent Seven." The "Magnificent Seven" comprises Apple , Amazon , Alphabet , Meta , Microsoft , Nvidia and Tesla , which were behind much of the gains that drove the S & P 500 up a whopping 24% or so in 2023. In a Feb. 18 report, Goldman answered clients' requests for the Japanese equivalent of the "Magnificent Seven." With that criteria, Goldman has come up with a list of seven stocks, and they are: Screen Holdings, Advantest, Disco, Tokyo Electron, Toyota Motor, Subaru and Mitsubishi.
Persons: Goldman Sachs, Goldman, they've, CNBC's Ying Shan Lee Organizations: Nikkei, Apple, Microsoft, Nvidia, Tesla, Screen Holdings, Tokyo Electron, Toyota Motor, Subaru, Mitsubishi, Tokyo Stock Exchange Locations: Japan, United States, Tokyo
Bill Smead, chief investment officer at Smead Capital Management, has a bold market call: that oil prices could soar more than 100% in the next few years. The group expects global oil demand to hit 110 million barrels a day in about 20 years , pushing the world's energy demand up by 23%. Others have also taken a bullish stance on oil prices over recent weeks. Nevertheless, it said: "We believe that, at some point in the coming weeks, market fundamentals will drive the oil market. Nuttall likes Cenovus Energy and MEG Energy .
Persons: Bill Smead, Smead, CNBC's, Brent, Eric Nuttall, Nuttall, Warren Buffett, – CNBC's Ying Shan Lee Organizations: Smead Capital Management, OPEC, Ninepoint Partners, Saudi, Rystad Energy, Energy, Fund, Occidental Petroleum, Devon Energy, Cenovus, MEG Energy Locations: United States, Saudi Arabia, Europe
Total: 3