logo
episode-header-image
Sep 2023
10m 24s

China optimism fades on weak data print

JULIUS BAER
About this episode

As sluggish demand continues to plague the Chinese economy, investor sentiment takes a renewed hit on more disappointing data out of China. Today’s Caixin PMI data shows that China's services activity in August expanded at the slowest pace in eight months, with stimulus efforts so far unable to kickstart consumption. Manuel Villegas, Next Generation Research, provides us with an update on the latest from the world of digital assets.

00:00 Introduction by Helen Freer (Investment Writing)

00:28 Markets wrap-up by Jonti Warris (Investment Writing)

05:46 Digital assets update by Manuel Villegas (Next Generation Research)

09:05 Closing remarks by Helen Freer (Investment Writing)

Would you like to support this show? Please leave us a review and star rating on Apple Podcasts, Spotify or your favourite podcast player. 

Up next
Today
US–China progress lifts markets, but rate concerns temper tech optimism
Markets were driven by headlines from the Trump–Xi summit in Beijing, where progress on trade and a surprise easing of US chip export restrictions to major Chinese tech firms lifted sentiment, particularly in technology. European equities closed higher and US indices reached fres ... Show More
11m 54s
May 13
Risk-off mood deepens as inflation and oil jolt markets
Markets showed a broad risk-off tone on Tuesday, with equities weaker and bond yields moving higher. Oil prices surged as hopes for a US–Iran deal faded, stoking inflation concerns after stronger-than-expected US inflation data. Dario Messi, Head of Fixed Income Research, explain ... Show More
17m 7s
May 12
US tech rally continues while Europe lags and oil climbs
European markets were weighed down by declines in the luxury sector yesterday, as concerns over weakening global demand dampened sentiment. In contrast, major US indices reached fresh record highs, led by strong gains in the technology sector. Meanwhile, oil prices are climbing a ... Show More
11m 29s
Recommended Episodes
Aug 2023
New pain for China’s property sector
<p>Lower gas and electricity costs drove a sharp drop in headline UK inflation in July, Fitch Ratings has downgraded WeWork, and there’s increasing anxiety in China over the real estate sector’s stability.&nbsp;</p><br><p><strong>Mentioned in this podcast:</strong></p><p><a href= ... Show More
8m 59s
Nov 2023
WeWork Bust Shows Hazards of Love; China Chips War
WeWork Inc. — known for free-flowing booze and a fleeting $47 billion valuation — declared bankruptcy just two years after going public. This cautionary tale of over-indebtedness highlights the perils for investors who fall in love with businesses they don’t really understand, sa ... Show More
21m 58s
Aug 2022
US inflation finally takes a breather
<p>US stocks rallied after the latest US inflation report showed price rises slowed&nbsp;in July, Disney beat analyst expectations and added 15mn subscribers to its Disney+ streaming service, and social media companies want livestreams to be the future of shopping.&nbsp;</p><br>< ... Show More
9m 24s
Aug 2023
China slows down
<p>China’s economy has been growing faster than almost any other for a generation, so a slowdown is unfamiliar territory. Today on the show we look at three indicators — the CPI, exports and property sales — and try to understand why growth in China is finally slowing, and what i ... Show More
18m 58s
Sep 2022
Cruise control: port cities push back against ships
<p>The US releases the latest jobs numbers today and analysts expect the pace of positions added to have slowed in August, eurozone unemployment fell to an all-time low of 6.6% of the workforce, the cruise industry is recovering from the pandemic but the industry now faces resist ... Show More
10m 17s
Sep 2023
China’s Perilous New Debt Phase; Gas-Plunge Hazards
China’s property crisis has lurched into a perilous new phase — with significant implications for the world’s second-largest economy, according to Bloomberg News’ Alice Huang. The deepening distress hurts other industries and repels foreign investors, Huang says. In this episode ... Show More
30m 43s
Apr 2024
China's tech battle to control the future
<p>Chinese President Xi Jinping's new slogan, "develop new productive forces," aims to bolster the expansion of high-tech sectors to drive economic growth. China already dominates the world of electric cars and controls more than 80 percent of the global solar panel manufacturing ... Show More
29m 19s
Feb 2024
Bloomberg Daybreak Asia: US CPI Data, Asia Markets
<p>Listen to today's top stories, with context, in just 15 minutes.</p> <p>Daniel Hornung, Deputy Director of the White House National Economic Council joins the program to discuss the latest CPI data. Hebe Chen, Market Analyst at IG, sits down with us to share her perspective on ... Show More
24m 28s