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CHINA: Country Wrap:  Alibaba to Partner with Apple. 

CHINA
  • China's central bank will utilize a variety of monetary policy tools and adjust the intensity and timing of policies as appropriate  (source: Xinhua).
  • Alibaba Group Holding has confirmed that it will partner with Apple to develop artificial intelligence tailored for iPhones in China. (source: Yicai)
  • China’s major equity bourses rejoiced at the idea of a delay in tariffs and rose strongly with the Hang Seng up +2.3%, CSI 300 +0.70%, Shanghai +.29%, Shenzhen +0.79%.   This will cap off a strong week the the Hang Seng delivering +5.6% gain, CSI 300 +1.00%, Shanghai +1.17% and Shenzhen +1.89%.
  • CNY: Yuan Reference Rate at 7.1706 Per USD; Estimate 7.2769
  • Bonds: a modest move higher in yields today with the CGB 10YR at 1.64% (+1bps) 

 

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  • China's central bank will utilize a variety of monetary policy tools and adjust the intensity and timing of policies as appropriate  (source: Xinhua).
  • Alibaba Group Holding has confirmed that it will partner with Apple to develop artificial intelligence tailored for iPhones in China. (source: Yicai)
  • China’s major equity bourses rejoiced at the idea of a delay in tariffs and rose strongly with the Hang Seng up +2.3%, CSI 300 +0.70%, Shanghai +.29%, Shenzhen +0.79%.   This will cap off a strong week the the Hang Seng delivering +5.6% gain, CSI 300 +1.00%, Shanghai +1.17% and Shenzhen +1.89%.
  • CNY: Yuan Reference Rate at 7.1706 Per USD; Estimate 7.2769
  • Bonds: a modest move higher in yields today with the CGB 10YR at 1.64% (+1bps)