Podcasts about china steel

Important Financial and Economic NewsCheck out what's happening in the economy and world of finance by watching this week's edition of FinWeekly.  These insights are exclusive to the free Boosting Your Financial IQ app and can be found under the "Learn" section. Here are a few highlights (Watch the full report on the app):·         A fed rate cut is coming: but not for another year·         Tesla slashes prices in China·         Steel shares surge·         Russia's Ruble in trouble·         China spurs contagion fears·         A shift in stock sentiment Watch the FinWeekly report on the app:Apple App Store: https://apps.apple.com/us/app/boosting-your-financial-iq/id6447333405?platform=iphoneGoogle Play Store:https://play.google.com/store/apps/details?gl=US&hl=en&id=com.pavj16qo788a.p4q6ljny9app&pli=1Business Strategy Podcast:Spotify:  https://open.spotify.com/show/7pTrAtPgdFZDdDduzQ85YG Helpful links:Free 3-Day Trial! Enroll in the BYFIQ AcademyJoin Our Free CommunityApply to the Boost AcceleratorTrain your team with an on-site workshopDisclaimer:BYFIQ, LLC is a wholly owned entity of Coltivar Group, LLC. The views expressed here are those of the individual Coltivar Group, LLC (“Coltivar”) personnel quoted and are not the views of Coltivar or its affiliates. Certain information contained in here has been obtained from third-party sources. While taken from sources believed to be reliable, Coltivar has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation.This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendations. The Company is not affiliated with, nor does it receive compensation from, any specific security. Please see https://www.byfiq.com/terms-and-privacy-policy for additional important information.Support the show

Kia ora,Welcome to Tuesday's Economy Watch where we follow the economic events and trends that affect New Zealand.I'm David Chaston and this is the International edition from Interest.co.nz.Today we lead with news China's steel industry is the global star of 2020.But first in Washington, Congress is about to vote on the pandemic support deal agreed by both parties. It is expected to pass. The separate Federal Government funding deal has been given a short extension to avoid a shutdown, but that problem remains.The US Fed's balance sheet is rising again, now up to US$7.363 tln which is up +US$120 bln in one week, about the same rise as it took the previous twelve weeks to achieve. This very much faster rise in support comes as Congress wasn't able to agree on its own fiscal support package.The Chicago Fed's latest update of their National Activity Index records a sharp slowing in the recovery expansion - but at least it is still expanding, if only just.Americans struggled to access credit this year and felt less prepared to meet unexpected costs, with applications for credit cards plunging the most, according to a newly updated NY Fed survey.In China, fast-rising factory orders, especially export orders, is placing severe strain on their jobs market. A private index by Renmin University tracking demand for blue-collar labour hit a record in the third quarter. Some factory managers have hiked wages by 25% to ¥10,000 yuan (NZ$2,175) per month, well above the average starting wage for graduates.China is likely to hit a steel production milestone of almost 1 bln tonnes produced and sold in 2020, an unprecedented global benchmark, and maybe 60% of the world's total output. Meanwhile the iron ore price keeps on rising, against the 'wishes' of Beijing. It is unlikely they will tolerate the situation much longer.In Japan, they have adopted a record US$1 tln budget for fiscal 2021, as the country grapples with the pandemic, its rapidly aging society, and new security challenges posed by China. It is so large, new fears of financial indigestion are being raised even if Japan is the world's third largest economy.Taiwan export orders rose sharply again in November, up a massive +30% year-on-year compared to the healthy +10% rise in October. Analysts has expected the November rise to be 'only' +13%.In South Korea, the Indian-owned SsangYong car company has filed for bankruptcy.In Australia, it is suddenly a return to locked borders and lockdowns in parts of Sydney, an unseemly end to a year where most of Australia looked like it escaped most of the pandemic. But it ends with its two largest states hobbled at some point in 2020.The OECD says international merchandise trade continued to expand in October and November, driven in particular by Asia and by robust global demand for so-called ‘lockdown goods’ such as electronics, computers and mobile phones. It was enough for goods trade to nearly get back to pre-pandemic levels, they say. But trade in services remains a mess.Wall Street has started the week with the jitters, down -0.4% in early afternoon trade today. Overnight European markets fell much harder, down about -2.5% on the implications of the new fast-spreading UK pandemic strain, the closing of borders and the unlikelihood of any Brexit deal. Yesterday, the Shanghai equity market finished up +0.8%, Hong Kong was -0.7% lower and Tokyo closed -0.2% lower. Locally, the ASX200 closed down a marginal -0.1% while the NZX50 Capital Index was down -0.6%.The latest global compilation of COVID-19 data is here. The global tally just keeps on rising, now at 77,055,000 and up +523,000 in one day. But the largest number of reported cases globally are still in the US, which rose +192,000 overnight for their Sunday tally to 18,296,000. The UST 10yr yield will start today a little softer at just over 0.94%, a -1 bp slip. The price of gold is +US$2 firmer today at US$1883/oz. Silver is up +2.0% today at US$26.25/oz.Oil prices have dropped sharply today, down -US$2 to US$47/bbl in the US, while the international price is down to US$50/bbl.And the Kiwi dollar is a -½c softer today at 70.9 USc and back where it was this time last week. Against the Australian dollar we are softer at 93.5 AUc. Against the euro we are down at 57.9 euro cents. That means our TWI-5 is now at 72.5 and a small fall from this time yesterday.The bitcoin price has settled at its new very high level and is now at US$23,195, a -2.3% slip from this time yesterday. You can find links to the articles mentioned today in our show notes.And get more news affecting the economy in New Zealand from interest.co.nz.Kia ora. I'm David Chaston. We will do this again tomorrow. 

Kia ora and welcome to Thursday's Economy Watch where we follow the economic events and trends that affect New Zealand. I'm Rebecca Caroe and this is the International edition from Interest.co.nz. This podcast is supported by Hatch. With Hatch, anyone can invest in the US share markets. Hatch investors have been following the start of earnings season this week. Earnings are one of the most important drivers of individual share performance over the long run — and by extension, the overall share markets. If the majority of companies, particularly established market leaders, are growing their earnings, investors tend to feel more confident about future market prospects. On the other hand, when earnings are below expectations, it can be a warning sign of potential trouble ahead. With mixed results from the US investment banks, investors are now waiting for Netflix, Chewy, IBM, and Microsoft to report. Watchlist and track any of these companies with Hatch. Visit hatchinvest.nz to learn more.   Today this podcast leads with news the northern summer season is now starting and markets might get a little thinner. First on Wall Street, equities are lower today after railroad profit warnings that the trade war is undermining rail traffic volumes. Also, US housing start data came in weaker, and weaker than expected, even if they are 6 per cent higher than the same month a year ago. But new residential building permits were almost 7 per cent lower than the year-ago level, so the outlook looks a little grim. And mortgage applications slipped last week, while US mortgage rates turned a little higher. All of this is consistent with the latest US Fed Beige Book report that says their economy is now just running at a "modest" level, which is a downgrade from the "modest-to-moderate" wording used in the past. In Canada, their CPI inflation rates slipped from 2.4% in May to 2.0% in June, but this was as expected on lower petrol prices. Without petrol, it rose to +2.6%. But Canadian industrial output growth came in below expectations with a 1.6% gain. In China, steelmakers reported that first-half profits dropped sharply due to surging iron ore prices, sliding steel prices and tighter production restrictions on factories. Office buildings in China's top cities now have vacancy rates that are surging as demand is unable to keep up with much higher supply, due to the economic downturn, US-China trade tensions and the deleveraging campaign in the financial sector. The vacancy rate for Grade A office space in Beijing climbed to more than 11% in the first half of the year, the highest level in eight years.  And it might rise to 16% by the end of 2019. That is some glut. China's leaders are off to a summer retreat to ponder their next moves on their economy and the trade war. The IMF is now pointing out that China is no longer a net lender to the world, with its trade and investment levels basically in balance. The only distortion is that the US can't seem to stop sourcing from China. The IMF's core point is that this improvement has reduced global financial risk. Do you need to buy travel currency? Planning ahead and not buying at the airport can save heaps. This is where fees make a big difference. We have a ‘live’ travel currency calculator to help, one that incorporates the cost of those pesky fees, showing you which bank has the lowest overall cost. Visit interest.co.nz/currencies to find it. In Australia, Fitch has downgraded the ratings outlook for both ANZ and Westpac, shifting its 'stable' outlook on their AA minus rating to 'negative'. The UST 10yr yield is now just under 2.06% and -6 bps lower than this time yesterday. Gold has jumped $14 overnight to 1,421 US dollars an ounce. US oil prices are falling today on trade and growth fears. They are now down more than $1 to $56.50 US dollars a barrel. And the Brent benchmark is down a similar amount at $63.50. The Kiwi dollar is stronger yet again today, now up to 67.4 US cents. On the cross rates we are also up, now just over 96 Australian cents. Against the euro we are up at 60.1 euro cents. That puts the Trade Weighted Index up at just on 72.3. You can find links to the articles mentioned today on our website. https://www.interest.co.nz/news/100753/us-housing-start-weaken-feds-beige-book-downgrades-canada-inflation-dips-china-ponders Get more news affecting the economy in New Zealand from interest.co.nz and subscribe to receive this podcast in your favourite podcast app - we're on Apple Podcasts, Google Podcasts, Spotify or subscribe on our website. Tell your friends and leave us a review - we welcome feedback from listeners. I'm Rebecca Caroe. We'll do this again tomorrow.

Tariffs continue to dominate the steel markets with US prices at multi-year highs and international traders finding it increasingly difficult to do business in Europe. Back once again, the renegade steel bros, Peter Brennan and Christopher Davis, round off another eventful month in the steel...

President Donald Trump has extended the exemption for steel and aluminum tariffs until June 1, increasing uncertainty around the extent of the eventual measures. Meanwhile, Chinese steel prices firmed in April despite official production figures continuing to defy the much vaunted capacity cuts....

In this podcast, S&P Global Platts Senior Managing Editor Paul Bartholomew and Senior Analyst Zhang Jing examine the current state of China's steel market in relation to supply-side reforms and environmental protection drive, which led to the closure of induction furnaces in 2017; the outlook...

International steel buyers are increasingly nervous about the weakness in Asian prices and trade-distorting tariffs. Rising inventories, softening demand and high production figures are combining to lower prices in China, while negotiations for exemptions from tariffs in the US are well under way....

After months of discussion, US President Donald Trump signed off on sweeping global metals tariffs -- 25% on steel and 10% on aluminum -- that exclude its Nafta neighbors to the north and south. All other countries will have to seek case-by-case exemptions from the White House, though, and trade...

Higher global steel output -- despite winter cuts in China -- does not seem to be dampening pricing or demand. And in the US, imports are up, but so are steel prices. Will the bull run continue even if President Trump opts for far-reaching tariffs or quotas under Section 232? Will he and his...

Elevated pricing and strong margins have many steel mills happy about the start to 2018. But questions remain regarding potential trade measures and how long the good times might linger into the New Year. S&P Global Platts Christopher Davis and Peter Brennan take a look at what's driving the...

52 million mt of Chinese steel production capacity will not be utilized as part of mandated winter output cuts. But tightening supply is just one part of the picture in China as strong demand and low inventories have helped bolster prices, creating fertile conditions for the international markets...

A meeting hosted by Italian steel distributors’ group, Assofermet, in Milan provided a glimpse into the China Iron & Steel Association’s strategy for winning over Europe. At a time when trade litigation has strained relations between the two markets, CISA says now is not the time...