China June Inflation Forecast At 1.9%
China’s (FXI, quote) Consumer Price Index (CPI) in June is likely to increase 1.9 percent year on year, slightly less than the 2 percent recorded in May, according to an industry report.
Emerging Markets
China’s Industrial Profit Growth Slows Further In May
The profits of China’s (ASHR, quote) major industrial firms rose 3.7 percent year on year in May, 0.5 percentage points lower than the rise recorded in April, official data showed on Monday.
McDonald’s Gets Bids For China Store Sales
McDonald’s Corp has received more than half a dozen bids for its planned sale of Chinese mainland and Hong Kong stores, including offers from Beijing Tourism Group, Sanpower Group and China National Chemical Corporation in a deal worth about $3 billion, people familiar with the matter said.
Disney – China’s Theme Parks Drive A-P Growth
The theme park business in China saw its biggest event of the year on Thursday when the $5.5-billion Shanghai Disney Resort opened. It is Disney’s sixth park worldwide and the largest in Asia, wowing both local and foreign tourists with exotic experiences and Chinese elements.
Headlines On The Radar
Today’s headlines that have caught the attention of our traders this morning as they prepare for the upcoming market session.
Central Bank Pumps 40B Yuan Into Market
China’s central bank on Monday pumped more money into the market to ease a liquidity strain.
Central Bank Pumps US$8.3B Into Market
China’s central bank, the People’s Bank of China (PBOC), injected 55 billion yuan (US$8.3 billion) into the money market on Tuesday to ease a liquidity strain.
Wanda To Open Theme Park Before Disneyland’s Launch
Wanda Group will open its first outdoor entertainment complex in province of Jiangxi on Saturday. The launch of its Nanchang Wanda City looks perfectly timed by the company’s ambitious founder, billionaire Wang Jianlin, to take at least some of the thunder from its biggest potential rival.
AUDUSD Forecast May 26, 2016, Technical Analysis
The Australian dollar initially tried to rally during the day on Wednesday, but turned around back around to form a bit of a shooting star.
Wanda’s chief bombards Shanghai Disneyland
The billionaire behind China’s Dalian Wanda Group asserted that its rival Walt Disney may face huge obstacles when operating in the country as the iconic US firm is due to unveil its largest theme park in the Chinese mainland next month.