Latest market news

• China market round-up: money growth beats expectations, USDCNH futures trading sets record, FTSE Russell to launch series for Chinese green bonds

  

  In this round-up, China's money supply grew 8.1% in December, USDCNH futures trading on the Singapore Exchange (SGX) jumped thanks to renminbi volatility, and FTSE Russell launched a new index series tracking Chinese green bonds.

  • 08:00 AM

• China bond access hits terminal velocity

  

  Investors in Hong Kong, Singapore, and the US can now begin to trade onshore Chinese bonds through Bloomberg terminals. The new access channel should slowly boost liquidity in China’s secondary bond market, said onshore bankers.

  • 07:15 AM

• Climate activists boo Larry Fink’s CEO letter

  

  Larry Fink, chief executive of BlackRock, became one of the most namechecked people in the responsible investing movement in 2018 when he affirmed that “Companies must benefit all of their stakeholders, including shareholders, employees, customers and the communities in which they operate.”

  • 17 Jan 2019

• Italian banks suffer as ECB cracks down on NPL stock

  

  The European Central Bank has slapped the institutions under its supervision with deadlines for dealing with their stocks of non-performing loans, giving the weakest lenders up to 2027 to raise their coverage levels to 100%. The revelation hit Italian banks hard in the market this week, though some commentators said that the new recommendations should hardly have come as a shock to investors.

  • 17 Jan 2019

• EU member states ready to bury ESA review

  EU finance ministers are poised to agree on January 22 to postpone the review of the European Supervisory Authorities even further, killing any hope of striking a deal before the European Parliament ends its mandate in April 2019.

  • 17 Jan 2019

• Gilt linkers cheapen after Lords committee takes aim at RPI

  

  Index-linked Gilts took a hit on Thursday after a House of Lords committee concluded that the UK government should correct an “error” in the Retail Prices Index calculation — a tweak that would cause “material detriment” to bondholders.

  • 17 Jan 2019

• People and markets news in brief: January 18, 2019

  

  Seguchi, Su succeed Koder as BAML co-presidents — QFII quota doubled ahead of index inclusions — China high yield faces a tough year

  • 17 Jan 2019

• ECB tells Monte dei Paschi to beef up on NPL coverage

  

  The European Central Bank has asked Banca Monte dei Paschi di Siena to raise the coverage levels for its stock of non-performing loans, leading to fears in the market about the Italian lender’s ability to meet its supervisory capital ratios.

  • 14 Jan 2019

• The week in renminbi: the currency appreciates, foreign trade climbs, Russia and China move closer

  

  In this round-up, the renminbi reached its strongest value against the dollar since July, December exports and imports volumes dropped, and trade volumes between China and Russia reached a record high.

  • 14 Jan 2019

• China market round-up: FX reserves climb in December, renminbi globalisation index dips in November, domestic CPI inflation moderates

  

  In this round-up, China’s foreign exchange reserves rebounded slightly for the second month in a row, Standard Chartered’s index for international RMB usage fell again, and China's consumer price index (CPI) inflation decelerated at the close of 2018.

  • 11 Jan 2019

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