From the Fed to the currency crisis in Europe, here’s what’s behind this sell-off in the financial markets:

Trader on the floor of the NYSE, June 7, 2022. Source: NYSE Stocks fell sharply, bond yields rose and the dollar strengthened Friday as investors heeded the Federal Reserve’s signal that the battle with inflation could lead to much higher interest rates and a recession. The sell-off was global on Friday, in a week in … Read more

European companies rethink their plans for a ‘closed’ China

Germany’s foreign direct investment to China is up about 30% in the first eight months of the year from a year ago, China’s Commerce Ministry said Monday. Vcg | Visual China Group | Getty Images BEIJING — European companies in China are reassessing their market plans after this year’s Covid controls further isolated the country … Read more

August industrial production, retail sales

August was marked by extremely high temperatures in parts of China, leading to temporary power rationing in some regions. Pictured here on August 24, 2022, the central city of Chongqing’s skyline has been partially turned off to conserve energy during the heat wave. Vcg | Visual China Group | Getty Images BEIJING — China on … Read more

Nomura cuts its GDP forecast for China – again

Shoppers buy groceries in a wet market as Chengdu imposes a lockdown to contain a new Covid-19 outbreak on September 1, 2022. Chen Yusheng | Visual China Group | Getty Images BEIJING — Nomura has cut its GDP forecast for China again amid new Covid lockdowns. Several cities, including the Shenzhen Tech Center, have tightened … Read more

Jobs report expected to heat up, which could lead to aggressive Fed

A “We’re Hiring” sign was posted at a Target store in San Rafael, California, on August 5, 2022. Justin Sullivan | Getty Images Job growth in August likely slowed from the frenzied pace of July, but is still expected to have been quite strong, with broad hiring across many sectors. Monthly jobs data is always … Read more

Powell probably won’t tell investors what they want to hear on Friday

Federal Reserve Board chairman Jerome Powell speaks at a news conference after a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, July 27, 2022. Elizabeth Frantz | Reuters Investors are looking for new guidance in Fed Chair Jerome Powell’s Jackson Hole speech Friday, but he could instead deliver the same anti-inflation message, … Read more

Cash flows Chinese real estate developers have fallen by more than 20%

Analysts generally expect state-owned companies to outperform non-government developers in the latest real estate crisis. Pictured here in Guangxi, China, on August 15, 2022, is a real estate complex developed by the state conglomerate Poly Group. Future publication | Future publication | Getty Images BEIJING — Chinese real estate developers’ cash flows — a sign … Read more

China needs Taiwan’s biggest chipmaker – more than the other way around

Taiwan is home to more than 90% of the manufacturing capacity for the world’s most advanced semiconductors, according to a 2021 Boston Consulting Group report. Pictured here is a TSMC building in Taiwan on April 8, 2022. Bloomberg | Bloomberg | Getty Images BEIJING — When it comes to semiconductors, China needs Taiwan more than … Read more

Here the real estate problems in China can spill over

According to Moody’s, China’s real estate sector accounts for more than a quarter of the national GDP. Pictured here is a residential complex under construction on December 15, 2021 in Guizhou Province. Cost photo | Future publication | Getty Images BEIJING — China’s real estate problems could spill over into other major sectors if the … Read more

Taiwan’s trade with China is much larger than its trade with the US

Aerial view of shipping containers at the port in Keelung, Taiwan. Data shows that Taiwan is more dependent on China than the US for trade Sam Yeh | Afp | Getty Images BEIJING — Data shows that Taiwan is more dependent on China than the US for trade, even as House Speaker Nancy Pelosi threw … Read more