Sondage Reuters, Trump repasse en tête.
Le marché du Yuan devient plus actif
“China’s yuan has doubled its share of global currency trading in the three years through April 2016, according to the latest triennial survey conducted by the Bank for International Settlements. The yuan’s average daily turnover rose to $202 billion in April from $120 billion in the same month of 2013, boosting its ratio of global foreign-exchange trading to 4% from the previous 2%… That puts the currency in eighth place overall. Dollar-yuan became the sixth-most traded currency pair, advancing from ninth place in 2013, BIS said, while the yuan overtook the Mexican peso as the most actively traded emerging-market currency.”
Selon le FT le rêve chinois est terminé.
Financial Times (James Kynge): “For most of the last 15 years, China was a darling for emerging market investors as its demand for commodities lifted the economic fortunes of countries in Latin America, Africa and Asia. But now, as China struggles with the hangover from its debt-fuelled boom, fund managers are increasingly shunning Asia’s giant. ‘My way of describing our portfolio is to call it the post-China world portfolio,’ said Ruchir Sharma, chief global strategist and head of the emerging markets equity team at Morgan Stanley… ‘The whole positioning is that China’s dream run is over and now you have to look for investments that are as uncorrelated to China as possible,’ added Mr Sharma…”
Japon toujours l’échec , chute des dépenses des ménages pour le 5 e mois consécutif
Bloomberg (Keiko Ujikane): “Japan’s household spending fell for a fifth straight month and retail sales also dropped, underscoring the weakness in domestic demand. The jobless rate was the lowest since 1995. Household spending fell 0.5% in July from a year earlier… Retail sales fell 0.2% from a year earlier… “
japon chute des profits, investissement atone
September 1 – Bloomberg (Connor Cislo): “Japan’s capital expenditure data for the second quarter was slightly weaker than expected while company profits slumped as businesses held tight on spending amid a strong yen and sluggish demand at home and abroad… Company profits slid 10.0% during the second quarter, the biggest drop since 2011. Sales declined 3.5% in the quarter.”
Les « fuites » du G20 portent sur les débats au sein des participants et la pression qui est excercée pour que certains acceptent les politiques fiscales plus stimulantes en complément des politiques monétaires « qui ont trouvé leurs limites » . Rien de bien nouveau donc.
[Bloomberg] Apple’s Big Day, ECB Rates, Carney Talks: Week Ahead: Sept. 5-10
[Reuters] Chinese consumers take credit for boom in car loans
brunobertez 