Chinese Premier Li Qiang told visiting Russian Prime Minister Mikhail Mishustin on Monday that China stands ready to work with Russia to deepen cooperation across all fields and protect their shared development and security interests. The announcement came as the two leaders co-chaired the 30th regular meeting of Chinese and Russian heads of government in Hangzhou, eastern China.
Li said China is willing to strengthen strategic communications, align development strategies and broaden cooperation in trade, energy, technology and people-to-people exchanges. He emphasized that the countries’ “comprehensive strategic partnership of coordination for a new era” is at a historic high.
Mishustin noted Russia’s readiness to expand joint efforts with China in investment, transportation, digital economy and cultural cooperation, saying bilateral ties had reached the highest level of trust and coordination.
The meeting produced a joint communiqué and the signing of cooperation agreements covering areas such as customs services and satellite navigation, underscoring the two countries’ intent to formalize and systematize their strategic alignment.
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The renewed China-Russia commitment signals further alignment outside Western-led economic systems, which may deepen regional trade linkages and increase strategic flows in energy, tech and infrastructure. Investors should monitor implications for Eurasian investment corridors and geopolitical trade risk.
This article was written by Eamonn Sheridan at investinglive.com.
Chinese Premier Li Qiang told visiting Russian Prime Minister Mikhail Mishustin on Monday that China stands ready to work with Russia to deepen cooperation across all fields and protect their shared development and security interests. The announcement came as the two leaders co-chaired the 30th regular meeting of Chinese and Russian heads of government in Hangzhou, eastern China.
Li said China is willing to strengthen strategic communications, align development strategies and broaden cooperation in trade, energy, technology and people-to-people exchanges. He emphasized that the countries’ “comprehensive strategic partnership of coordination for a new era” is at a historic high.
Mishustin noted Russia’s readiness to expand joint efforts with China in investment, transportation, digital economy and cultural cooperation, saying bilateral ties had reached the highest level of trust and coordination.
The meeting produced a joint communiqué and the signing of cooperation agreements covering areas such as customs services and satellite navigation, underscoring the two countries’ intent to formalize and systematize their strategic alignment.
—
The renewed China-Russia commitment signals further alignment outside Western-led economic systems, which may deepen regional trade linkages and increase strategic flows in energy, tech and infrastructure. Investors should monitor implications for Eurasian investment corridors and geopolitical trade risk.
This article was written by Eamonn Sheridan at investinglive.com.
Japan’s manufacturing sector contracted at its sharpest pace in 19 months in October, as weakening global demand and sector-specific slowdowns in autos and semiconductors weighed heavily on output, a private survey showed Tuesday.
The S&P Global Japan Manufacturing PMI fell to 48.2 in October from 48.5 in September, undershooting the flash estimate of 49.3 and marking the lowest reading since March 2024. The headline index has now remained below the 50.0 threshold — separating growth from contraction — for four consecutive months.
New orders declined at the quickest rate in 20 months, driven by tighter client budgets and sluggish demand both domestically and overseas. Export orders dropped for the 44th straight month, with particularly weak demand from Asia, Europe, and the U.S., though the rate of decline was the slowest since March:
The data come as inflation pressures remain elevated, with Tokyo’s CPI accelerating last week, keeping the Bank of Japan under scrutiny after holding rates steady at 0.5% in its latest policy meeting.
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The sharp PMI drop underscores Japan’s export and industrial fragility, weighing on near-term yen sentiment and regional manufacturing outlooks. Persistent cost pressures could complicate the Bank of Japan’s efforts to normalise policy while growth slows.
This article was written by Eamonn Sheridan at investinglive.com.
Japan’s manufacturing sector contracted at its sharpest pace in 19 months in October, as weakening global demand and sector-specific slowdowns in autos and semiconductors weighed heavily on output, a private survey showed Tuesday.
The S&P Global Japan Manufacturing PMI fell to 48.2 in October from 48.5 in September, undershooting the flash estimate of 49.3 and marking the lowest reading since March 2024. The headline index has now remained below the 50.0 threshold — separating growth from contraction — for four consecutive months.
New orders declined at the quickest rate in 20 months, driven by tighter client budgets and sluggish demand both domestically and overseas. Export orders dropped for the 44th straight month, with particularly weak demand from Asia, Europe, and the U.S., though the rate of decline was the slowest since March:
The data come as inflation pressures remain elevated, with Tokyo’s CPI accelerating last week, keeping the Bank of Japan under scrutiny after holding rates steady at 0.5% in its latest policy meeting.
—
The sharp PMI drop underscores Japan’s export and industrial fragility, weighing on near-term yen sentiment and regional manufacturing outlooks. Persistent cost pressures could complicate the Bank of Japan’s efforts to normalise policy while growth slows.
This article was written by Eamonn Sheridan at investinglive.com.
Equity index futures are trading lower while the USD has added a few points
Moves are not large.
I’m not seeing a direct smoking gun at present.
If you wanna tell me stock markets are overdue for a collapse, OK …. but why now?
This article was written by Eamonn Sheridan at investinglive.com.
Equity index futures are trading lower while the USD has added a few points
Moves are not large.
I’m not seeing a direct smoking gun at present.
If you wanna tell me stock markets are overdue for a collapse, OK …. but why now?
This article was written by Eamonn Sheridan at investinglive.com.
People’s Bank of China USD/CNY reference rate is due around 0115 GMT.
The People’s Bank of China (PBOC), China’s central bank, is responsible for setting the daily midpoint of the yuan (also known as renminbi or RMB). The PBOC follows a managed floating exchange rate system that allows the value of the yuan to fluctuate within a certain range, called a “band,” around a central reference rate, or “midpoint.” It’s currently at +/- 2%.
How the process works:
This article was written by Eamonn Sheridan at investinglive.com.
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