PRE-MARKET CHINESE STOCKS NEWS: Chinese trade data topped forecasts, while attention turns to inflation data
Chinese trade data has surpassed forecasts, indicating stronger-than-expected export and import growth.
Australian Private House Approvals MoM Final (Mar) M/M 0.9% vs. Exp. 0.9% (Prev. 0.2%)
PBoC injects CNY 0.5bln via 7-day reverse repos with rate maintained at 1.40%
PRE-MARKET CHINESE STOCKS NEWS: Chinese trade data topped forecasts, while attention turns to inflation data
PBoC sets USD/CNY mid-point at 6.8467 vs exp. 6.7988 (prev. 6.8502)
China confirms US President Trump's visit to China on May 13th-15th
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
Alibaba (9988 HK) - Co. brings chat-style shopping to Taobao and Qwen amid AI gateway push, according to a source cited by SCMP. (SCMP)
Anhui Jianghuai Automobile (600418 CH) - Co. reported Apr vehicle production fell 3.3% Y/Y to 30.8k units and vehicle sales fell 6.0% Y/Y to 28.9k units. (Newswires)
Chery Auto (9973 HK) - Co. is establishing a JV with Japan’s Autobacs to sell EVs in Japan from 2027. (Newswires)
China Longyuan Power (916 HK) - Co. reported Apr power generation fell 0.8% Y/Y to 6.85TWh. (Newswires)
China Overseas Land (688 HK) - Co. reported Apr contracted sales rose 20% Y/Y to CNY 24.2bln. (Newswires)
CStone Pharmaceuticals (2616 HK) - Co. began nationwide commercial supply of locally manufactured Pralsetinib capsules in China. (Newswires)
Innovent Biologics (1801 HK) - Co. received a third China breakthrough therapy designation for IBI363 in colorectal cancer, with a Phase III trial to start in China near term. (Newswires)
Powerlong Real Estate (1238 HK) - Co. reported Apr contracted sales of CNY 640mln, compared with CNY 564mln Y/Y. (Newswires)
Shimao Group (813 HK) - Co. reported Apr contracted sales of CNY 1.21bln, compared with CNY 2.00bln Y/Y. (Newswires)
SSY Group (2005 HK) - Co. obtained China’s NMPA approval for Oseltamivir Phosphate capsules, Drotaverine Hydrochloride tablets and Metoclopramide tablets. (Newswires)
Yuexiu Property (123 HK) - Co. reported Apr contracted sales fell 17.4% Y/Y to CNY 8.50bln. (Newswires)
ByteDance - ByteDance raised its planned AI infrastructure spending for this year by 25% to CNY 200bln. (Newswires)
Other News
US White House spokeswoman said regarding US President Trump's expected visit to China this week that the opening ceremony will be held on Thursday morning and a state banquet will be held on Thursday evening, while bilateral tea and a working lunch will be held on Friday before Trump's departure. Furthermore, China confirmed US President Trump's visit to China on May 13th-15th. (Newswires)
USTR Greer said the goal with China is stability and that China should be an important buyer of US agriculture and medical devices. (Newswires)
US official said a US-China deal on rare earths remains in effect and hasn’t expired yet. (Nikkei)
China vowed to boost efforts to defuse local government debt risks while supporting growth, and the State Council called for stronger policy execution. (Newswires)
DATA RECAP
- Chinese Trade Balance (USD)(Apr) 84.8B vs. Exp. 82.4B (Prev. 51.13B)
- Chinese Exports YY (USD)(Apr) 14.1% vs Exp. 8.2% (Prev. 2.5%)
- Chinese Imports YY (USD)(Apr) 25.3% vs Exp. 17.3% (Prev. 27.8%)
- Chinese Trade Balance (CNY)(Apr) 585.7B (Prev. 354.8B)
- Chinese Exports YY (CNY)(Apr) 9.8% (Prev. -0.7%)
- Chinese Imports YY (CNY)(Apr) 20.6% (Prev. 23.8%)
This suggests potential for a more robust recovery in the Chinese economy, influencing market sentiment positively and possibly impacting commodities and currency flows, particularly the CNY. Attention now shifts to U.S. inflation data, which could further inform expectations for monetary policy and cross-border trade dynamics.
Related headlines
- US Market Wrap: Stocks fall and crude gains amid escalating geopolitics 7 hours ago
- PRE-MARKET AUSTRALIAN, JAPANESE AND SOUTH KOREAN STOCKS NEWS: Samsung Electronics (005930 KS)** - Co. opened an AI chip R&D hub in Yokohama to collaborate with Japanese companies on advanced semiconductor packaging4 hours ago
- [MARKET ANALYSIS] DXY is little changed ahead of inflation data later in the week and despite the US announcing an import ban on some Canadian goods as trade war escalates51 min ago
- US senior Trump administration official says President Trump approved series of proclamations on Canada trade measures, with ban on dairy, most alcohol and motorcycle imports from Canada under Section 338 with restrictions effective in about 3 weeks4 hours ago
- US Secretary of State Rubio says that President Trump has a desire to reach an agreement with Colombia on tariffs5 hours ago
- US President Trump says directing the GSA, working with the USTR, to take all necessary steps to remove Canadian-origin products from GSA’s Multiple Award Schedules unless Canada restores full and fair reciprocity for American farmers and companies7 hours ago
- CRUDE WRAP: WTI (V6) SETTLES USD 1.55 HIGHER AT USD 93.03/BBL9 hours ago
- [MARKET ANALYSIS] Oil prices are underpinned after US and Iran conducted a fresh round of retaliatory strikes1 hour ago
- [MARKET ANALYSIS] T-note futures are little changed after yesterday's indecisive mood and with key inflation data due later this week1 hour ago
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed with the region partially shrugging off the weak US lead following a fresh exchange of US-Iran strikes and escalation in the US-Canada trade war30 min ago
- PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: TSMC (2330 TT) plans to adopt ASML’s high-NA EUV lithography equipment for high-volume manufacturing from 20303 hours ago
- PBoC sets USD/CNY mid-point at 6.7709 vs Exp. 6.7042 (prev. 6.7804)2 hours ago
- PBoC is expected to set USD/CNY mid-point at 6.7042 (prev. 6.7804)3 hours ago
- US Treasury Secretary Bessent says markets are not efficient and are run by humans, who make mistakes, adds the treasuries narrative in August was that the sky is falling and the narrative was absurd6 hours ago
- PRE-MARKET CHINESE STOCKS NEWS: China is to allow its USD 568bln social security fund to access the Southbound Bond Connect program2 hours ago
- Merck (MRK) veteran and psychedelics developer tapped for top FDA job7 hours ago
- [MARKET UPDATE] Asia-Pac stocks begin mostly higher with the region shrugging off the weak lead from Wall St, where all major indices declined on return from the long weekend amid rising oil prices and ongoing geopolitical escalation3 hours ago
- Doubleline's Gundlach says investors should avoid 30-year bonds globally and that US yields will continue to rise, adds Fed policy rate should be raised by 50bps and notes the US two-year yield is not tracking the Fed Funds Rate6 hours ago
- US Consumer Credit Change (Jul) 18.06B vs. Exp. 11.7B (Prev. 14.56B)8 hours ago
- Japanese Reuters Tankan Index (Sep) 21 (Prev. 18)4 hours ago
The whole workspace, free to try.
Try it free