CHINA THE DRIVER FOR PHILIPPINE ECONOMY – Analysts Doubt Depth of U.S.-China Yuan Pact as Talks Resume

Don’t expect a major pact on China’s yuan. That’s what analysts are saying as U.S. officials arrive in Beijing for another round of negotiations for a comprehensive trade deal. Questions remain over why China would acquiesce beyond existing multilateral commitments to avoid competitive devaluation of the yuan. There’s also skepticism about how any exchange-rate pledge can be enforced in an economy noted for its opacity. Read More @

WHAT IS THE TECHNICAL OF PSEi SAYING?Stocks Slide Again as Bond-Yield Drop Stokes Worry: Markets Wrap

Stocks slumped again in Asia as the precipitous decline in developed-market sovereign bond yields continued to unnerve investors about the economic outlook. Yields on 10-year Treasuries hit a fresh 15-month low on Thursday in Asia, and Australian ones recorded the lowest on record, while Japan’s are near levels unseen since 2016. Japanese shares led declines in the region, sliding almost 2 percent. Korea’s benchmark also slumped, while China and Hong Kong saw more modest declines. U.S. futures fell after the S&P 500 Index dropped on Wednesday. The yen headed higher as haven demand emerged. Read More @


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