China and Emerging Markets

Post China’s announcement of greater renminbi flexibility, this column discusses new empirical research on what happens to economies when they exit exchange rate pegs that are resisting appreciation.

A glance through the latest expert views and predictions about commodities with a return to Chinese currency appreciation unlikely to have a significant impact on commodities plus some updates to forecasts for Oz steel sector plays.

Q3 is shaping up as a highly volatile quarter dominated by economic data and government decisions, argue Gain Capital’s Brian Dolan and Jane Foley.

A weak US housing number added to a growing renewal of general concern last night as the S&P500 fell through its 200-day moving average amidst weak volume. Dow down 148. (Locked for subscribers until 10:00 AEST)

Saturday’s PBoC announcement is above anything a well-timed PR exercise. The world needs more to sustain today’s rally in risk assets.

China has announced it will end the peg of its currency against the US dollar, an announcement analysts see as a positive for the Australian dollar.

A glance through the latest expert views and predictions about commodities, with Barclays lowering its expectations for LNG supply and Macquarie seeing opportunities in the resources sector.

Both zinc and lead prices have fallen heavily in recent months but analysts at Hallgarten suggest better times are ahead for both metals.

A glance through the latest expert views and predictions about commodities with analysts identifying positives for nickel, oil and gold.

A glance through the latest expert views and predictions about commodities, with aluminium and zinc prices suggestive of production cutbacks and potential for upside in iron ore and oil prices.