Asia markets: Brexit deal, pound and China economic data in focus

Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place. The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29. Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. The on-shore yuan traded


Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place. The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29. Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. The on-shore yuan traded
Asia markets: Brexit deal, pound and China economic data in focus Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saheli roy choudhury, toshifumi kitamura, afp, getty images
Keywords: news, cnbc, companies, markets, fell, economic, china, asia, showed, midpoint, data, growth, brexit, focus, deal, traded, pound, output, industrial, chinas, index, yuan


Asia markets: Brexit deal, pound and China economic data in focus

Asia Pacific markets traded mixed on Thursday after data showed growth in China’s industrial output fell. Overnight, British lawmakers rejected the idea of leaving the European Union without a Brexit deal in place.

The Nikkei 225 in Japan gave up its gains to finish flat at 21,287.02 while the Topix index fell 0.24 percent to 1,588.29.

In South Korea, the Kospi wavered between gains and losses to close up 0.34 percent at 2,155.68. Hong Kong’s Hang Seng Index was down 0.22 percent in afternoon trade.

Chinese mainland shares withdrew as the Shanghai composite fell 1.2 percent to 2,990.68 while the Shenzhen composite tumbled 2.311 percent.

Data on Thursday showed China’s industrial output growth fell to a 17-year low in the first two months of the year, according to Reuters. That further pointed to an economic slowdown in the world’s second-largest economy. But investments picked up pace as the government fast-tracked more road and rail projects, the news agency added.

Beijing has already pledged hundreds of billions of dollars in tax cuts and infrastructure spending to support the flagging economy.

The on-shore yuan traded at 6.7134 to the dollar at 2:44 p.m. HK/SIN after the People’s Bank of China set the day’s yuan midpoint at 6.7009. China’s central bank allows the currency exchange rate to rise or fall 2 percent from the midpoint rate.

Australia’s benchmark ASX 200 closed up 0.3 percent at 6,179.60.


Company: cnbc, Activity: cnbc, Date: 2019-03-14  Authors: saheli roy choudhury, toshifumi kitamura, afp, getty images
Keywords: news, cnbc, companies, markets, fell, economic, china, asia, showed, midpoint, data, growth, brexit, focus, deal, traded, pound, output, industrial, chinas, index, yuan


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Malcom Gladwell says this ‘crucial’ decision boosted his productivity

It’s possible your most important hours aren’t going toward your most important projects. The best-selling author found he was spending his most productive hours — the morning hours — on tasks that weren’t his top priority. For Gladwell, the first three hours of the day are the most important and, as a result, the most productive. “I don’t really answer much email in the morning unless it’s crucial,” he adds. For example, performing analytic tasks is easier for larks in the morning, but easier f


It’s possible your most important hours aren’t going toward your most important projects. The best-selling author found he was spending his most productive hours — the morning hours — on tasks that weren’t his top priority. For Gladwell, the first three hours of the day are the most important and, as a result, the most productive. “I don’t really answer much email in the morning unless it’s crucial,” he adds. For example, performing analytic tasks is easier for larks in the morning, but easier f
Malcom Gladwell says this ‘crucial’ decision boosted his productivity Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-09-24  Authors: zameena mejia, bryan bedder, getty images
Keywords: news, cnbc, companies, day, evening, decision, important, midpoint, crucial, tasks, mood, boosted, youre, gladwell, malcom, productivity, hours, morning, dont


Malcom Gladwell says this 'crucial' decision boosted his productivity

It’s possible your most important hours aren’t going toward your most important projects. That was the realization for Malcolm Gladwell. The best-selling author found he was spending his most productive hours — the morning hours — on tasks that weren’t his top priority. As a result, he avoids all distractions — even if they’re good for him (like exercise) or important (like email) — until the afternoon and evening. According to experts, timing your projects to how you work best can lead you to success.

“I shouldn’t squander my most productive hours on other activities, so I don’t schedule anything in the morning, I don’t meet people in the morning, I don’t exercise in the morning,” he tells media mogul and Thrive Global CEO Arianna Huffington in a recent Thrive Global podcast episode.

For Gladwell, the first three hours of the day are the most important and, as a result, the most productive. “I don’t really answer much email in the morning unless it’s crucial,” he adds. “My phone becomes a part of my life in the afternoons.”

Management and behavioral science expert Daniel Pink agrees. “All times of day are not created equal.”

In a single day we go through three stages, Pink explains. For most people, a typical day looks like this:

Morning: Peak, our mood rises.

Peak, our mood rises. Mid-afternoon: Trough, our mood declines.

Trough, our mood declines. Early evening: Recovery, our mood bounces back.

However, some people experience their day with the stages in reverse: recovery, trough and peak. Your performance, as Pink explains in a previous interview with CNBC Make It, “varies considerably over the course of the day, and what task to do at a certain time really depends on the nature of the task.”

The order in which you experience these stages depends on your chronotype, or your personal pattern of circadian rhythms. Understanding whether you are a morning person (a “lark”), an evening person (an “owl”), or something in between (a “third bird”), is the secret to becoming a high performer, says Pink.

Determining which applies to you rests in your sleep patterns. To know for sure, figure out where the midpoint of your sleep cycle falls on ‘free days’ or days when you don’t have to wake up to an alarm clock. This will most likely be on your days off or during the weekend.

If your midpoint falls at 3:30 a.m. or earlier, you’re probably a lark. If your midpoint of sleep is 5:30 a.m. or later, you’re probably an owl. If your midpoint is somewhere in between, you’re probably a third bird.

As a result, your chronotype also determines the optimal time to tackle a task. For example, performing analytic tasks is easier for larks in the morning, but easier for owls in the late afternoon or evening. When it comes to making decisions, larks find this easier in the early morning, while owls might wait until the afternoon or evening.

The chart below details a science-backed way to match tasks with every stage of the day.


Company: cnbc, Activity: cnbc, Date: 2018-09-24  Authors: zameena mejia, bryan bedder, getty images
Keywords: news, cnbc, companies, day, evening, decision, important, midpoint, crucial, tasks, mood, boosted, youre, gladwell, malcom, productivity, hours, morning, dont


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China central bank raises yuan mid-point by the most in nearly 15 months, spurs dollar buying

But the near 0.7 percent jump in the official mid-point fixing sparked more corporate demand for cheaper dollars, capping the yuan’s gains in the spot market. Prior to the market opening on Tuesday, the PBOC lifted its official yuan midpoint to 6.8052 per dollar, 456 pips, or 0.67 percent, firmer than the previous fix of 6.8508 and largely matching market forecasts. The move in Tuesday’s official guidance rate was the biggest one-day strengthening in percentage terms since June 1, 2017. The guid


But the near 0.7 percent jump in the official mid-point fixing sparked more corporate demand for cheaper dollars, capping the yuan’s gains in the spot market. Prior to the market opening on Tuesday, the PBOC lifted its official yuan midpoint to 6.8052 per dollar, 456 pips, or 0.67 percent, firmer than the previous fix of 6.8508 and largely matching market forecasts. The move in Tuesday’s official guidance rate was the biggest one-day strengthening in percentage terms since June 1, 2017. The guid
China central bank raises yuan mid-point by the most in nearly 15 months, spurs dollar buying Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: getty images news, getty images
Keywords: news, cnbc, companies, yuan, currency, dollar, midpoint, buying, guidance, raises, nearly, spurs, trade, china, rate, pips, official, market, central, months


China central bank raises yuan mid-point by the most in nearly 15 months, spurs dollar buying

China’s central bank raised its daily guidance rate for the yuan by the most in nearly 15 months on Tuesday as part of its latest move to put a floor under the currency as a trade war with the United States grinds on.

But the near 0.7 percent jump in the official mid-point fixing sparked more corporate demand for cheaper dollars, capping the yuan’s gains in the spot market.

The People’s Bank of China (PBOC) confirmed market suspicions on Friday by announcing it had started changing the way it calculates the mid-point in August, in a sign authorities are growing wary of letting the yuan weaken further after a record 10 straight weeks of losses.

But market watchers say the yuan will continue to face depreciation pressure as the Sino-U.S. trade battle deepens and China continues to ease policies to support its cooling economy.

Prior to the market opening on Tuesday, the PBOC lifted its official yuan midpoint to 6.8052 per dollar, 456 pips, or 0.67 percent, firmer than the previous fix of 6.8508 and largely matching market forecasts.

The move in Tuesday’s official guidance rate was the biggest one-day strengthening in percentage terms since June 1, 2017.

The guidance rate was 4 pips lower than Reuters’ estimate of 6.8048 per dollar.

Market watchers believe the re-introduction of the mysterious “counter-cyclical factor” in the PBOC’s calculations is largely aimed at steadying the currency, not turning it around.

“It does not make sense to see a much stronger CNY from both the economic and trade war perspectives. In our view, the CNY’s weakness is justified as the economy is still struggling between growth, debt and leveraging,” Zhou Hao, analyst at Commerzbank in Singapore said in a note.

Recent easing measures in monetary policy also imply a weaker bias for the currency, he said, and added it would not be in China’s interest to engineer a firmer yuan while the U.S. trade dispute drags on.

In the spot market, the onshore yuan opened at 6.8128 per dollar and quickly fell into negative territory. As of 0232 GMT, the onshore yuan traded at 6.8185, 25 pips weaker than the previous late session close.

Its offshore counterpart was trading at 6.8051 per dollar as of 0232 GMT.

Bargain hunting for cheaper dollars remained strong, traders said, as many consider 6.8 per dollar as a hurdle for now.

In global markets, the dollar steadied after falling to a four-week low overnight, as after the United States and Mexico agreed to overhaul the North American Free Trade Agreement, boosting optimism for an easing of global trade tensions.


Company: cnbc, Activity: cnbc, Date: 2018-08-28  Authors: getty images news, getty images
Keywords: news, cnbc, companies, yuan, currency, dollar, midpoint, buying, guidance, raises, nearly, spurs, trade, china, rate, pips, official, market, central, months


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China lifts yuan midpoint to highest in over two years

China’s central bank on Tuesday set its official yuan midpoint at the highest level in more than two years, to 6.4372 per dollar, underpinned by a solid spot yuan performance a day earlier. Tuesday’s official midpoint was 202 pips, or 0.31 percent, firmer than the previous fix of 6.4574 on Monday and was the strongest since Dec.11, 2015. China’s yuan leapt to its strongest in more than two years against the dollar at the official local close on Monday, buoyed by the Bundesbank’s decision to incl


China’s central bank on Tuesday set its official yuan midpoint at the highest level in more than two years, to 6.4372 per dollar, underpinned by a solid spot yuan performance a day earlier. Tuesday’s official midpoint was 202 pips, or 0.31 percent, firmer than the previous fix of 6.4574 on Monday and was the strongest since Dec.11, 2015. China’s yuan leapt to its strongest in more than two years against the dollar at the official local close on Monday, buoyed by the Bundesbank’s decision to incl
China lifts yuan midpoint to highest in over two years Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-01-15  Authors: china photos, getty images
Keywords: news, games, cnbc, companies, highest, dollar, china, official, set, lifts, spot, solid, strongest, midpoint, yuan, underpinned, reserves


China lifts yuan midpoint to highest in over two years

China’s central bank on Tuesday set its official yuan midpoint at the highest level in more than two years, to 6.4372 per dollar, underpinned by a solid spot yuan performance a day earlier.

Tuesday’s official midpoint was 202 pips, or 0.31 percent, firmer than the previous fix of 6.4574 on Monday and was the strongest since Dec.11, 2015.

China’s yuan leapt to its strongest in more than two years against the dollar at the official local close on Monday, buoyed by the Bundesbank’s decision to include the yuan in its reserves and as corporate banking clients offloaded dollars.


Company: cnbc, Activity: cnbc, Date: 2018-01-15  Authors: china photos, getty images
Keywords: news, games, cnbc, companies, highest, dollar, china, official, set, lifts, spot, solid, strongest, midpoint, yuan, underpinned, reserves


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