Salient to Investors: Fareed Zakaria said: Defeating ISIS would require a large and sustained strategic effort from the US but without significant numbers of US ground troops. ISIS videos of executions are designed to sow terror in the minds of opponents who when facing ISIS fighters now reportedly flee rather
READ MORE... →Martin van Vliet at ING said geopolitical tensions will become increasingly critical in the coming months, the big drop in China is consistent with a slowdown in growth, and the recovery in the euro area is too slow to turnaround the global market. Christian Schulz at Berenberg Bank said geopolitical uncertainties, especially Ukraine, threaten to undermine the export-led
READ MORE... →Salient to Investors: Living costs in China are deterring couples from having more than one child as less than 3 percent of the 11 million couples applied for permission by the end of May. The UN said China’s fertility rate of 1.66 versus the 2.1 needed to sustain population levels
READ MORE... →Salient to Investors: Zhu Haibin at JPMorgan Chase said property investment will remain the biggest macroeconomic risk in half2 even as a deceleration in investment is less severe than half1. Hua Changchun at Nomura said completed apartments must come to market sooner or later, and potential buyers will continue to
READ MORE... →Salient to Investors: Chinese millionaires who invest at least $4.7 million and qualify for Australian residency can get around China’s restrictions on converting currency and sending it abroad. China caps the amount of yuan that individuals can convert into other currencies every year at the equivalent of $50,000 and bars transferring currency
READ MORE... →Salient to Investors: Outstanding credit in China rose to 206.3 percent of GDP in Q2 2014 versus 166.6 percent at the end of 2011. Expansion in economy-wide credit has exceeded nominal GDP growth in every quarter since 2008. Louis Kuijs at Royal Bank of Scotland wonders how this is going
READ MORE... →Salient to Investors: Tim Bajarin at Creative Strategies said one of Apple’s biggest moves is in Southeast Asia, given Android has passed Apple in smartphones and has made huge strides in tablets in 2014. Gartner said Android smartphones comprised 78 percent of the global market in 2013 versus 66 percent
READ MORE... →Salient to Investors: Analysts still expect the slowest full-year expansion in 2014 since 1990. Zhu Haibin at JPMorgan Chase says the economic data are positive and the government will continue to support key sectors but not expand to other sectors. Liu Li-Gang at Australia & New Zealand Banking raised their
READ MORE... →Salient to Investors: Amundi Asset Management, Credit Suisse and Sumitomo Mitsui Trust Bank expect Hong Kong stocks to struggle as reduced Fed stimulus weighs on developers and banks that comprise over 35 percent of the index. Ayaz Ebrahim at Amundi Asset Mgmt says China is too cheap and is selling
READ MORE... →Salient to Investors: Yao Wei at Societe Generale said it will be very challenging to achieve everything promised in Li’s work report and that something has to give in speeding up reform, fighting pollution, managing debt risk, keeping the same growth target. Dong Tao at Credit Suisse said it would
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