Modi's budget could send Indian stocks higher
Source: Bloomberg 3 July 2024
Chinese EVs Seize Record 11% Share in Europe Ahead of Tariffs - Bloomberg
Chinese brands captured 11% of the European electric-car market in June, notching record registrations as manufacturers raced to beat stiff European Union tariffs that took effect early this month.
Remember when China had a huge rally in April and May?
Nice chart from @HumbleStudent showing relative strength rolling over again. Source: Ryan Detrick on X
CHINA 10-YEAR YIELD FALLS TO A FRESH RECORD LOW
So, what is the Chinese bond market signaling about the Chinese economy? Source: Bianco research
India quickly catches up to China as the world’s largest emerging market.
Indian stocks comprise nearly 20% of the MSCI Emerging Markets index, while China has dropped to a quarter from 40% in 2020. The narrowing gap has become one of the biggest issues for investors in emerging markets this year as they debate whether to put capital into an already red-hot Indian market, or into Chinese stocks that are relatively cheap, but are being hit by an econ slowdown. https://lnkd.in/ddkSqFy5 Source: FT, Charlie Bilello
China commodity stockpiles
Source: Robert Friedland on X, The Economist
India’s dependence on Chinese imports keeps growing:
• In 2023-24 financial year China edged past the US to reclaim its position as India’s top trading partner • India’s imports from China rose by 56% since 2020, fuelling a 75% rise in country's trade deficit with China Source: Agathe Demarais, The Economist
Remarkable chart: gold in yen.
No further comments necessary. Source: Michel A.Arouet, Ht @AugurInfinity
