海外研报

Loans To China's Real Economy Contracts For First TimeIn Two Decades

Aggregate financing missed expectations, growing CNY 0.8bn to CNY 18.9bn in July on a YTD basis. Newloans grew CNY

Ferrous Tracker: 1% of Steel Mills Profitable; Recovery Rally Unsustainable

The 62%Fe iron ore index stood at $97/t today (22nd August), marking a 6%recovery from the 21-month low of $92/t reached last Friday.

SocGen FX PULSE

Basis Trade Growth Is Massive

(Bloomberg Intelligence) -- Leveraged net shorts of Treasury futures have surged to a historic $1.1trillion in notional value, accelerating 38% in the past four months. While the record short position

VISIBILITY ON THE IRAN VS ISRAEL REPRISE: NO OIL SHOCK

It was never a matter of ‘if’ – rather only ‘when’ and ‘how’ – Iran and its “axis of resistance” would retaliate againstIsrael after last month's strikes. From an investment perspective, the key question remained whether this latest

Asia-Pacific Portfolio Strategy: Asian equity market daily update

The MXAPJ Index dropped 0.3% today. Korea and Singapore markets outperformed,while Thailand and China markets underperformed. Within MXAPJ sectors,