China senkt die Zinsen - 500 Beiträge pro Seite

[ibmisout]

Asia shares rise as China injects more stimulus

By Lisa Twaronite

Related Stories

GLOBAL MARKETS-Asia shares rise as China injects more stimulus Reuters
FOREX-Dollar recovers against euro on lower bund yields, upbeat U.S. data Reuters
Bonds and stocks rebound, sterling soars after UK election Reuters
FOREX-Dollar falls on business spending, euro eases on Greece Reuters
GLOBAL MARKETS-China stocks at 7-yr peaks on stimulus hopes, focus on central bks Reuters
TOKYO (Reuters) - Asian shares rose on Monday as investors cheered China's latest cut to interest rates to bolster its flagging economy and after Wall Street rallied on a robust headline reading for U.S. employment.

But European stocks were seen opening slightly lower on the day, with lingering concerns over Greece's debt situation seen eclipsing the China stimulus news.

Financial spreadbetters expected Britain's FTSE 100 (.FTSE) and Germany's DAX (.GDAXI) to open as much as 0.1 percent lower, while France's CAC 40 (.FCHI) was seen falling 0.6 percent.

Later on Monday, the Eurogroup of euro zone finance ministers will meet, and Greece's government was hopeful that they will note progress on Athens' talks with lenders. The ministers have ruled out unlocking aid for Greece at the meeting, saying that too many issues with the debt-laden country remain unresolved.

"Greek-related headlines have begun filtering out over the weekend, and the debt negotiations will be one of this week's currency themes. Today's Eurogroup meeting and its impact on the euro will be in focus," said Shinichiro Kadota, chief Japan forex strategist at Barclays in Tokyo.

MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 percent, moving off a one-month low touched on Friday. Japan's Nikkei share average (.N225) ended up 1.3 percent, also stepping away from last week's one-month low.

Chinese shares erased earlier losses and rallied. The CSI300 index of the largest listed companies in Shanghai and Shenzhen was up 2 percent, while the Shanghai Composite Index (.SSEC) was up 2.1 percent.

China cut interest rates for the third time in six months on Sunday, and analysts predicted policymakers would relax reserve requirements and cut rates again in the coming months.

The easing followed Chinese inflation figures on Saturday that added to concerns about deflationary pressures.

MIXED U.S. JOBS REPORT

On Friday, all three major U.S. stock indexes posted gains of over 1 percent, after U.S. Labor Department data showed nonfarm payrolls increased 223,000 last month, while the unemployment rate dropped to a near seven-year low of 5.4 percent.

The April jobs figures were seen to put the Fed on track for a rate increase as early as September, a Reuters poll found.

But U.S. short-term interest-rate futures implied traders don't expect a Fed rate hike until December at the earliest, based on CME FedWatch, as some people focused on the fact that the previous month's figures were revised to show a gain of 85,000 jobs instead of the 126,000 previously reported.

"Although April data alone does not guarantee that there won't be a U.S. rate hike sooner than expected in the coming months, there is a sense of relief for now," said Hiroyuki Nakai, chief strategist at Tokai Tokyo Research Center.

The mixed report helped lift U.S. Treasury yields. The yield on the benchmark 10-year note stood at 2.135 percent in Asian trade, compared to its U.S. close of 2.150 percent on Friday.

The higher yields gave some support to the dollar, which began the week firmer but still stuck in recent ranges against major rivals. The dollar index, which tracks the U.S. unit against a basket of six counterparts, added 0.4 percent to 95.108 (.DXY). The dollar rose about 0.1 percent on the day against the yen to 119.92 (JPY=), while the euro skidded about 0.6 percent to $1.1143 (EUR=).

In addition to Greece's ongoing debt woes, the euro was under pressure after German Chancellor Angela Merkel's conservatives suffered an election defeat. The Eurosceptic Alternative for Germany (AfD) party was set to win seats in a fifth regional parliament on Sunday in an election in the city-state of Bremen.

Disappointing German trade data also undermined the euro.

The pound (GBP=D4) fell about 0.3 percent to $1.5407, after it notched a 10-week high of $1.5523 on Friday against the greenback, after a surprise election victory by Conservatives.

Newly re-elected British Prime Minister David Cameron on Sunday ruled out giving Scotland another independence referendum despite gains by Scottish nationalists in a UK-wide election.

Oil got off to a lackluster start, with Brent (LCOc1) edging up 0.1 percent on the day to $65.46 a barrel after it posted its first weekly loss in a month on Friday as the market fretted again about global oversupply. U.S. crude (CLc1) slipped about 0.1 percent to $59.31 after rising for an eighth straight week following the U.S. jobs report.

(Additional reporting by Ayai Tomisawa and Shinichi Saoshiro in Tokyo; Editing by Eric Meijer & Shri Navaratnam)

http://finance.yahoo.com/news/asia-shares-rise-china-steps-0…

[ibmisout]

China will freundlicher mit Investoren umgehen:
http://finance.yahoo.com/news/china-gets-friendlier-toward-u…

Americans worry a lot about China. Maybe too much.

China is clearly a growing threat, both militarily and economically. But many Americans mistakenly believe China is the world’s most powerful economy, when it’s clear the United States—even a diminished United States—still commands far more wealth than China, while possessing the world’s go-to currency and many other trappings of a dynastic superpower.

Now, there are further signs China is adopting more western-style business practices, especially with regard to legal protections that are vital to many businesses. “The Chinese are finally saying, as their economy is slowing, we need to be an innovation economy,” Commerce Secretary Penny Pritzker tells me in the video above. “That means they have their own indigenous companies that want intellectual property protection because they have value of their own they want to protect. This is new.”

U.S. and European companies have complained for decades about piracy in China, as branded products ranging from Microsoft software to BMW automobiles to Hollywood movies are copied and sold without penalty, or distributed without required licenses. Many companies simply tolerate piracy as a cost of doing business in China and reaching hundreds of millions of consumers in the world’s most populous nation. But those same firms are also reluctant to build labs in China, conduct proprietary research and development there, or do anything else that could potentially give Chinese firms more inside information than they already have.

Nobody thinks piracy will disappear in China any time soon. But China is in the midst of deep anti-corruption reforms undertaken by President Xi Jinping, which could ultimately make China a better place for western companies to do business. Most analysts think Xi is rooting out bribery and fraud to strengthen the ruling communist party’s power over local jurisdictionsand recentralize authority in Bejing, with the business climate being a secondary consideration. But much of the complexity western businesses must cope with in China comes from rules that differ by jurisdiction or the outright lack of rules and laws, which gives regional officials more ability to call the shots (and extract bribes).

China has thrived by manufacturing products designed elsewhere and stealing whatever trade secrets it can. But that’s not a formula for long-term growth. China’s growth rate has slowed from low double-digits just a few years ago to 7% so far in 2015, a level that may not produce enough jobs to absorb all the workers streaming from the countryside into cities. The Trans-Pacific Partnership agreement being negotiated in Washington and 11 Asian capitals may also worry China, since that deal, if signed, wouldn’t include China and could put its exports at a disadvantage.

American firms also want China to relax “antimonopoly” laws they feel are enforced arbitrarily to punish foreign firms and protect domestic ones. After a surge in antimonopoly prosecutions in 2013, Chinese authorities seem to have let up. Meanwhile, cyber-espionage directed at American firms (plus, undoubtedly, the U.S. government) is a growing concern; last year, FBI Director James Comey said Chinese hackers had penetrated virtually every big U.S. company.

China is a tough negotiator, and Pritzker won’t promise breakthroughs. “The message to China is: We want to work together with a responsible partner, to have a more reliable international economic environment,” she says. One area of promise is a bilateral investment treaty that would allow U.S. entities to buy assets, including stakes in companies, more broadly than they can now. U.S. negotiators are waiting for China to provide a “negative list” stating which areas would remain closed to competition.

“We’ve said, you better be ambitious with that list,” Pritzker says. “You’re the ones who want this treaty.” How much, only the Chinese know.

Rick Newman’s latest book is Liberty for All: A Manifesto for Reclaiming Financial and Political Freedom. Follow him on Twitter: @rickjnewman.