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Artemis Investment Limited – Stocks Up on China Tariff Speculation; Bonds Drop: Markets Wrap
Asian stocks rose with US equity futures Tuesday amid speculation the Biden administration could scrap some Trump-era tariffs on Chinese consumer goods. Treasuries slid after reopening from a holiday.
The US may announce the rollback of some China levies as soon as this week to counter high inflation. Officials could also unveil a probe into industrial subsidies, which might lead to more duties in strategic areas like technology.
Chinese Vice Premier Liu He held a video talk with US Treasury Secretary Janet Yellen Tuesday morning on tariffs and supply chains.
Commodity-linked currencies strengthened, the yen fell and the dollar fluctuated. In Treasuries, the 10-year yield pushed past 2.95%, extending a global bond retreat that began in Europe on Monday.
Speculation has intensified that President Joe Biden may reduce some Trump-era tariffs on $300 billion in Chinese imports. Policy makers are under pressure to tackle inflation, which has forced interest-rates higher, sapped economic expansion and contributed to steep losses in equities and fixed income this year.
Aside from developments related to China, traders are also monitoring Australia's interest-rate decision. The central bank -- among more than 80 to have raised rates this year -- is expected to implement back-to-back half-percentage point rate hikes for the first time ever.
Elsewhere, Brent crude topped $114 a barrel. Bitcoin retook the $20,000 level.
About Artemis Investment Limited:
Originally established to assist expatriates access financial services in SE Asia, Artemis Investment Limited is a leading independent, boutique financial advisory firm which now caters to a global client base.
Based in Hong Kong for the last 60 years, we have adapted our services to account for the financial world in the 21st Century. We are a borderless company whose staff come from a variety of backgrounds but are united by one attribute, customer focus and objectives above all else.
We understand that many clients know where they want to be, but may not have the knowledge on how to get there. This is where our specialist expertise within the financial services sector is essential in providing the correct timing, opportunity and ultimately, the correct result to establish a lengthy and equitable relationship. This is something that our 20,000 + clients have learnt first-hand.
To find out more, or to sign up to the Artemis newsletter, visit https://www.artemis-
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