Since 2023, Chinese firms have invested over $100 billion in overseas clean energy projects to bypass U.S. and other tariffs, per Climate Energy Finance. Dominating in solar panels and electric vehicles, China faces concerns over market flooding. Key firms like BYD and CATL are expanding in Europe to avoid tariffs.
Posts in category Economic Times
Learn with ETMarkets: Know how to trade copper contracts using Bollinger Band? (02-10-2024)
The demand for copper copper’s conductivity and durability make it indispensable for electrical systems, wind turbines, and solar power generation.
China back to dominating emerging markets as MSCI weight soars (02-10-2024)
In just eight days, China regained the influence it lost over 10 months in emerging markets.
Investing the Gandhian way: Principles for a better financial future (02-10-2024)
Six Gandhian principles like self-reliance, goal-focused investing, disciplined SIPs, patience, non-violence, and fostering financial inclusion can guide investors to achieve long-term financial stability and growth.
Key US short-term rate surges amid month-end turbulence (02-10-2024)
The Secured Overnight Financing Rate (SOFR) significantly increased to 4.96% on Monday, indicating tighter liquidity in money markets at the end of the quarter. This rise signals heightened funding pressure, with analysts noting that banks’ balance sheet capacity is more constrained and expensive than expected.
US stocks end down as Iran launches missiles at Israel; defense shares rise (02-10-2024)
U.S. stocks dropped, with the Nasdaq losing over 1%, as investors grew cautious after Iran fired missiles at Israel. Energy and defense stocks rose, while airlines fell. The Dow, S&P 500, and Nasdaq all declined. Market volatility increased and traders speculated on future Federal Reserve rate actions. Investors were also wary of upcoming job data and ongoing port strikes.
Oil prices rise on escalating attacks in the Middle East (02-10-2024)
Oil prices increased as fears grew that the Middle East conflict could escalate, causing supply disruptions. Iran’s missile attack on Israel and potential retaliation heightened concerns. Both crude benchmarks saw significant jumps. U.S. backing for Israel and Iran’s warnings added to the tension. OPEC+ will review the market, but no policy changes are expected.
Gold flat as dollar holds firm; investors seek more US data (02-10-2024)
Gold prices remained steady on Wednesday due to a firm dollar, with market attention on imminent U.S. economic data for clues about potential interest rate cuts later in the year. Geopolitical tensions and fluctuating job market data also influenced market sentiments.
Asia stocks slide, oil extends gains on Middle East risks (02-10-2024)
Asia stocks fell as Iran’s missile strike on Israel stoked fears of regional conflict. Investors turned to safer assets, with U.S. Treasury bond yields dipping and gold near an all-time high. Brent crude futures surged over 1 percent due to potential supply disruptions. The U.S. job market remains strong, influencing possible Federal Reserve decisions.
Dollar firm as war widens in Middle East (02-10-2024)
The dollar surged after an Iranian missile attack on Israel. Investors sought safe assets amid fears of Middle East conflict escalation. The euro dropped, and oil prices rose. Israeli and Iranian tensions drove market reactions, focusing on potential retaliations. Economic data also influenced currency movements. Traders watched for developments in U.S. dockside employment disputes.