Jim Cramer reveals a list of stocks worth buying on a US-China trade deal

CNBC’s Jim Cramer has taken note of President Donald Trump’s newfound optimism but remains skeptical of the odds that leaders of the U.S. and China will sign on a trade deal in the near future. “I still think the best way to bet on a trade deal is by presuming something’s going to go wrong, even after today’s encouraging developments,” he said, adding he would rather own “stocks that have nothing to do with the trade war, but I know people have been demanding this list.” Earlier in the day, Trum


CNBC’s Jim Cramer has taken note of President Donald Trump’s newfound optimism but remains skeptical of the odds that leaders of the U.S. and China will sign on a trade deal in the near future.
“I still think the best way to bet on a trade deal is by presuming something’s going to go wrong, even after today’s encouraging developments,” he said, adding he would rather own “stocks that have nothing to do with the trade war, but I know people have been demanding this list.”
Earlier in the day, Trum
Jim Cramer reveals a list of stocks worth buying on a US-China trade deal Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: tyler clifford
Keywords: news, cnbc, companies, negotiators, deal, stock, list, remains, trump, worth, reveals, trade, war, phase, buying, making, jim, stocks, uschina, cramer


Jim Cramer reveals a list of stocks worth buying on a US-China trade deal

CNBC’s Jim Cramer has taken note of President Donald Trump’s newfound optimism but remains skeptical of the odds that leaders of the U.S. and China will sign on a trade deal in the near future.

In keeping with the spirit of the time, however, the “Mad Money” host on Thursday revealed a basket of stocks that he thinks will be buoyed by the teased agreement.

“I still think the best way to bet on a trade deal is by presuming something’s going to go wrong, even after today’s encouraging developments,” he said, adding he would rather own “stocks that have nothing to do with the trade war, but I know people have been demanding this list.”

Earlier in the day, Trump tweeted that negotiators are close to making a “BIG DEAL” and that both sides wanted to land one. That comes after weeks of the president’s exclamations that China needs the trade war to end more than the U.S. does.

The Trump administration is said to have reached a long-discussed “phase one” deal that would throw out the next round of tariffs on about $160 billion in Chinese imports, set to go into effect on Sunday, and potentially reduce existing duties on $360 billion worth of items.

The major stock averages all surged more than 0.70% during the session, with the S&P 500 and Nasdaq Composite both making new closing highs of 3,168.57 and 8,717.32, respectively.

Cramer said there remains a chance that Chinese negotiators renege on an agreement but explained what the “phase one” deal would mean for the stock market.

“Just remember, please, these are mostly short-term trades, not investments,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-12-12  Authors: tyler clifford
Keywords: news, cnbc, companies, negotiators, deal, stock, list, remains, trump, worth, reveals, trade, war, phase, buying, making, jim, stocks, uschina, cramer


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Powell: Economic outlook remains ‘favorable’ despite risks

Powell: Economic outlook remains ‘favorable’ despite risksThe Federal Reserve held interest rates steady following its two-day meeting this week and indicated that no action is likely next year amid persistently low inflation. Federal Reserve Chairman Jerome Powell holds a press conference following the decision to hold rates.


Powell: Economic outlook remains ‘favorable’ despite risksThe Federal Reserve held interest rates steady following its two-day meeting this week and indicated that no action is likely next year amid persistently low inflation.
Federal Reserve Chairman Jerome Powell holds a press conference following the decision to hold rates.
Powell: Economic outlook remains ‘favorable’ despite risks Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-11
Keywords: news, cnbc, companies, twoday, steady, following, remains, federal, economic, powell, despite, reserve, risksthe, risks, week, outlook, favorable, rates


Powell: Economic outlook remains 'favorable' despite risks

Powell: Economic outlook remains ‘favorable’ despite risks

The Federal Reserve held interest rates steady following its two-day meeting this week and indicated that no action is likely next year amid persistently low inflation. Federal Reserve Chairman Jerome Powell holds a press conference following the decision to hold rates.


Company: cnbc, Activity: cnbc, Date: 2019-12-11
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China consumer prices rise at fastest pace in nearly 8 years, driven by a surge in pork prices

Consumer prices in November rose 4.5% on year, the fastest pace seen since January 2012, driven mostly by a surge in pork prices as African Swine Fever ravaged the country’s hog herds, National Bureau of Statistics (NBS) data showed on Tuesday. “Higher prices of consumer goods in the PPI basket, one component of which is food, were more than offset by more pronounced declines in the prices of industrial goods.” CPI remains elevatedConsumer inflation was driven largely by a continued surge in por


Consumer prices in November rose 4.5% on year, the fastest pace seen since January 2012, driven mostly by a surge in pork prices as African Swine Fever ravaged the country’s hog herds, National Bureau of Statistics (NBS) data showed on Tuesday.
“Higher prices of consumer goods in the PPI basket, one component of which is food, were more than offset by more pronounced declines in the prices of industrial goods.”
CPI remains elevatedConsumer inflation was driven largely by a continued surge in por
China consumer prices rise at fastest pace in nearly 8 years, driven by a surge in pork prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-10
Keywords: news, cnbc, companies, pace, prices, china, seen, fastest, consumer, nearly, inflation, trade, surge, growth, rise, driven, remains, price, pork, goods


China consumer prices rise at fastest pace in nearly 8 years, driven by a surge in pork prices

Customers select pork at a supermarket in Fuyang, in eastern China’s Anhui province on May 10, 2016. STR | AFP | Getty Images

China’s consumer inflation climbed to nearly eight-year peaks in November as pork prices doubled, but factory-gate prices remained in the red, adding to uncertainty over whether the manufacturing sector is bottoming out as trade risks persist. Beijing is under pressure to unleash more stimulus to boost industrial activity, but high inflation ahead of the Lunar New Year may be a headache for policymakers trying to shore up growth that has slipped to the lowest in nearly 30 years. Consumer prices in November rose 4.5% on year, the fastest pace seen since January 2012, driven mostly by a surge in pork prices as African Swine Fever ravaged the country’s hog herds, National Bureau of Statistics (NBS) data showed on Tuesday. That topped analysts’ expectations of 4.2% and October’s 3.8% rise. However, core inflation — which excludes food and energy prices — stayed largely subdued. “The high CPI would surely have an impact on China’s monetary policy, but overall we don’t see risks of inflation spike across the board, so current monetary policy with a loosening bias will not be significantly affected,” said Liu Xuezhi, an analyst with Bank of Communications.

In contrast, the producer price index (PPI), seen as a key indicator of corporate profitability, fell 1.4% on year, falling for the fifth month in a row. That compared with a 1.5% drop forecast in a Reuters poll and 1.6% fall in October. Price declines for manufactured goods suggest demand remains weak, despite hints of improvement in recent factory surveys. “There are few signs of a pick-up in demand-side price pressures,” said Julian Evans-Pritchard, senior China economist at Capital Economics. “Higher prices of consumer goods in the PPI basket, one component of which is food, were more than offset by more pronounced declines in the prices of industrial goods.” Weak prices were mainly seen in oil and gas extraction and chemical fiber manufacturing sectors. Beijing and Washington are negotiating a first phase trade deal aimed at de-escalating their trade dispute but they continue to wrangle over key details. But even if a deal is struck, economic growth is expected to continue slowing in the current and coming quarters, however. Government advisers said China should lower its growth target to around 6% in 2020 as the trade dispute remains unresolved. China has rolled out a series of measures to support growth, including reductions in market interest rates, but the government has insisted it will not resort to “flood-like” stimulus, however.

CPI remains elevated

Consumer inflation was driven largely by a continued surge in pork prices and other meats after the African Swine Fever killed a large portion of China’s pigs. Wholesale pork prices have seen a slight reprieve in November but remain elevated from a year earlier. The statistics bureau said pork prices more than doubled year-on-year in November.


Company: cnbc, Activity: cnbc, Date: 2019-12-10
Keywords: news, cnbc, companies, pace, prices, china, seen, fastest, consumer, nearly, inflation, trade, surge, growth, rise, driven, remains, price, pork, goods


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China consumer prices rise at fastest pace in nearly 8 years, driven by a surge in pork prices

Consumer prices in November rose 4.5% on year, the fastest pace seen since January 2012, driven mostly by a surge in pork prices as African Swine Fever ravaged the country’s hog herds, National Bureau of Statistics (NBS) data showed on Tuesday. “Higher prices of consumer goods in the PPI basket, one component of which is food, were more than offset by more pronounced declines in the prices of industrial goods.” CPI remains elevatedConsumer inflation was driven largely by a continued surge in por


Consumer prices in November rose 4.5% on year, the fastest pace seen since January 2012, driven mostly by a surge in pork prices as African Swine Fever ravaged the country’s hog herds, National Bureau of Statistics (NBS) data showed on Tuesday.
“Higher prices of consumer goods in the PPI basket, one component of which is food, were more than offset by more pronounced declines in the prices of industrial goods.”
CPI remains elevatedConsumer inflation was driven largely by a continued surge in por
China consumer prices rise at fastest pace in nearly 8 years, driven by a surge in pork prices Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-10
Keywords: news, cnbc, companies, growth, remains, fastest, pork, nearly, rise, surge, consumer, price, seen, pace, china, trade, goods, inflation, driven, prices


China consumer prices rise at fastest pace in nearly 8 years, driven by a surge in pork prices

Customers select pork at a supermarket in Fuyang, in eastern China’s Anhui province on May 10, 2016. STR | AFP | Getty Images

China’s consumer inflation climbed to nearly eight-year peaks in November as pork prices doubled, but factory-gate prices remained in the red, adding to uncertainty over whether the manufacturing sector is bottoming out as trade risks persist. Beijing is under pressure to unleash more stimulus to boost industrial activity, but high inflation ahead of the Lunar New Year may be a headache for policymakers trying to shore up growth that has slipped to the lowest in nearly 30 years. Consumer prices in November rose 4.5% on year, the fastest pace seen since January 2012, driven mostly by a surge in pork prices as African Swine Fever ravaged the country’s hog herds, National Bureau of Statistics (NBS) data showed on Tuesday. That topped analysts’ expectations of 4.2% and October’s 3.8% rise. However, core inflation — which excludes food and energy prices — stayed largely subdued. “The high CPI would surely have an impact on China’s monetary policy, but overall we don’t see risks of inflation spike across the board, so current monetary policy with a loosening bias will not be significantly affected,” said Liu Xuezhi, an analyst with Bank of Communications.

In contrast, the producer price index (PPI), seen as a key indicator of corporate profitability, fell 1.4% on year, falling for the fifth month in a row. That compared with a 1.5% drop forecast in a Reuters poll and 1.6% fall in October. Price declines for manufactured goods suggest demand remains weak, despite hints of improvement in recent factory surveys. “There are few signs of a pick-up in demand-side price pressures,” said Julian Evans-Pritchard, senior China economist at Capital Economics. “Higher prices of consumer goods in the PPI basket, one component of which is food, were more than offset by more pronounced declines in the prices of industrial goods.” Weak prices were mainly seen in oil and gas extraction and chemical fiber manufacturing sectors. Beijing and Washington are negotiating a first phase trade deal aimed at de-escalating their trade dispute but they continue to wrangle over key details. But even if a deal is struck, economic growth is expected to continue slowing in the current and coming quarters, however. Government advisers said China should lower its growth target to around 6% in 2020 as the trade dispute remains unresolved. China has rolled out a series of measures to support growth, including reductions in market interest rates, but the government has insisted it will not resort to “flood-like” stimulus, however.

CPI remains elevated

Consumer inflation was driven largely by a continued surge in pork prices and other meats after the African Swine Fever killed a large portion of China’s pigs. Wholesale pork prices have seen a slight reprieve in November but remain elevated from a year earlier. The statistics bureau said pork prices more than doubled year-on-year in November.


Company: cnbc, Activity: cnbc, Date: 2019-12-10
Keywords: news, cnbc, companies, growth, remains, fastest, pork, nearly, rise, surge, consumer, price, seen, pace, china, trade, goods, inflation, driven, prices


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India’s central bank unexpectedly keeps interest rates unchanged and slashes GDP forecast

The Reserve Bank of India (RBI) logo is displayed outside of the bank’s headquarters in Mumbai, India, on Tuesday, Aug. 9, 2011. India’s central bank surprised on Thursday by keeping its interest rates unchanged. Markets had widely expected a sixth rate cut from the Reserve Bank of India amid a notable slowdown in the Indian economy. As things stand, the benchmark repo rate — the rate at which it lends to commercial banks — remains at 5.15%. The central bank reiterated it will maintain its “acco


The Reserve Bank of India (RBI) logo is displayed outside of the bank’s headquarters in Mumbai, India, on Tuesday, Aug. 9, 2011.
India’s central bank surprised on Thursday by keeping its interest rates unchanged.
Markets had widely expected a sixth rate cut from the Reserve Bank of India amid a notable slowdown in the Indian economy.
As things stand, the benchmark repo rate — the rate at which it lends to commercial banks — remains at 5.15%.
The central bank reiterated it will maintain its “acco
India’s central bank unexpectedly keeps interest rates unchanged and slashes GDP forecast Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: saheli roy choudhury
Keywords: news, cnbc, companies, indian, unchanged, indias, interest, policy, rbi, reserve, central, rates, slashes, keeps, gdp, forecast, bank, inflation, remains, unexpectedly, target, india, rate


India's central bank unexpectedly keeps interest rates unchanged and slashes GDP forecast

The Reserve Bank of India (RBI) logo is displayed outside of the bank’s headquarters in Mumbai, India, on Tuesday, Aug. 9, 2011.

India’s central bank surprised on Thursday by keeping its interest rates unchanged.

Markets had widely expected a sixth rate cut from the Reserve Bank of India amid a notable slowdown in the Indian economy.

As things stand, the benchmark repo rate — the rate at which it lends to commercial banks — remains at 5.15%.

The Indian rupee weakened against the dollar, changing hands at 71.63 from an earlier level of 71.43. Indian stocks were mixed after the decision, with the Nifty 50 down 0.21% while the Sensex traded near flat.

In its policy statement, the RBI said the decision to keep the rate unchanged was in line with its objective of achieving its medium-term inflation target of 4%, with an upper and lower limit of 6% and 2%, respectively, while supporting growth.

The central bank reiterated it will maintain its “accommodative” stance as long as it is necessary to revive growth while ensuring that inflation remains within the target. It added that while there is “monetary policy space for future action,” it felt appropriate to pause at the stage in light of the current growth-inflation dynamics.

Economists have questioned the efficacy of the RBI’s aggressive rate cuts this when much of that did not appear to have been transmitted back to the economy, especially in the credit market. Inflation is also ticking up due to rising food prices.


Company: cnbc, Activity: cnbc, Date: 2019-12-05  Authors: saheli roy choudhury
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NATO meets as relations with old foe Russia remain frosty

The reason for the foundation of NATO — to counter a perceived or real threat from Russia — remains as relevant as ever. And one of those ever-present and unpredictable security challenges is Russia. Seventy years on, the USSR has long-since collapsed and the Cold War is over, yet the West’s relations with Moscow remain as tense and complex as ever. Sarah Raine, consulting senior fellow for geopolitics and strategy at the the International Institute for Strategic Studies (IISS), told CNBC that R


The reason for the foundation of NATO — to counter a perceived or real threat from Russia — remains as relevant as ever.
And one of those ever-present and unpredictable security challenges is Russia.
Seventy years on, the USSR has long-since collapsed and the Cold War is over, yet the West’s relations with Moscow remain as tense and complex as ever.
Sarah Raine, consulting senior fellow for geopolitics and strategy at the the International Institute for Strategic Studies (IISS), told CNBC that R
NATO meets as relations with old foe Russia remain frosty Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: holly ellyatt
Keywords: news, cnbc, companies, ukraine, remain, russia, military, frosty, remains, meets, threat, old, unpredictable, foe, security, relations, nato, terms


NATO meets as relations with old foe Russia remain frosty

The reason for the foundation of NATO — to counter a perceived or real threat from Russia — remains as relevant as ever.

When heads of state and government, and military leaders, of the 29 countries that belong to NATO gather just outside of London Tuesday, discussions will focus on current and emerging security challenges. And one of those ever-present and unpredictable security challenges is Russia.

NATO was set up in 1949 as a military alliance between 10 European countries, the U.S. and Canada “to promote cooperation among its members and to guard their freedom,” the alliance says, “within the context of countering the threat posed at the time by the Soviet Union.”

Seventy years on, the USSR has long-since collapsed and the Cold War is over, yet the West’s relations with Moscow remain as tense and complex as ever. Civilian and military cooperation between Russia and NATO are still suspended following the annexation of Crimea from Ukraine in early 2014 and the backing of a separatist uprising in east Ukraine — a move that prompted a military conflict that is still unresolved.

Russia’s interference in the 2016 U.S. election and the nerve agent poisoning of a former Russian spy in the U.K., Sergei Skripal, have also put western nations on guard when it comes to an unpredictable nation under President Vladimir Putin. This year, the breakdown of Cold War-era Intermediate-Range Nuclear Forces Treaty between the U.S. and Russia also prompted fears of a potential arms race between the old foes.

Sarah Raine, consulting senior fellow for geopolitics and strategy at the the International Institute for Strategic Studies (IISS), told CNBC that Russia is still a threat to NATO.

“Russia remains a threat both in conventional terms — as evidenced by its annexation of Crimea and its persistent probing of European air space — as well as in more hybrid terms, through, for example, its use of cyber proxies. But threats can and should be handled through a range of policy responses,” she said Friday.

“It should be possible to remain clear about the threat Russia poses whilst also considering ways for NATO to engage with Russia on concerns of arms control.”


Company: cnbc, Activity: cnbc, Date: 2019-12-03  Authors: holly ellyatt
Keywords: news, cnbc, companies, ukraine, remain, russia, military, frosty, remains, meets, threat, old, unpredictable, foe, security, relations, nato, terms


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A key manufacturing index shows the US remains in contraction territory

Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday. Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations. The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival. In a related release, the Markit manufacturing reading, known as the Purchasi


Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday.
Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations.
The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival.
In a related release, the Markit manufacturing reading, known as the Purchasi
A key manufacturing index shows the US remains in contraction territory Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jeff cox
Keywords: news, cnbc, companies, growth, reliable, points, expansion, territory, contraction, orders, manufacturing, reading, report, key, ism, remains, trade, index, shows


A key manufacturing index shows the US remains in contraction territory

Manufacturing activity continued to lag in November amid a lag in inventories and new orders, according to the latest ISM Manufacturing reading released Monday.

The reading came in at 48.1 vs. an expectation of 49.4 and the previous month’s reading of 48.3.

Though the ISM reading is usually reported as a simple number, it actually denotes the percentage of manufacturers planning to expand operations. A reading below 50 represents contraction; November was the fourth straight month below the expansion level.

Stocks fell on the report, with the Dow Jones Industrial Average off more than 150 points at 10:30 am ET.

New orders slumped to 47.2, down 1.9 percentage points from October’s 49.1. Inventories, which are a key input for gross domestic product, came in at 45.5, down 3.4 points from the previous month.

The numbers come amid speculation about the pace of U.S. growth.

Recession worries have ebbed from earlier in the year, when the Treasury yield curve was inverted and flashing what has been a reliable 12-month recession indicator for the past 50 years. GDP growth has averaged around 2.4% in 2019, with the third quarter coming in at 2.1%. However, most forecasters expect the fourth quarter to come in under 2%.

The report shows that manufacturing “is stuck in a mild recession with little prospect of a real near-term revival. This will weigh on job growth and capex over the next few months, to the point where we are not ready to rule out a further [Federal Reserve] easing in January,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, said in a note.

Manufacturing is considered a reliable bellwether for how the rest of the economy is doing, though it comprises only about one-fifth of GDP.

Nearly all of the key ISM indicators were at contraction levels in November.

Employment was at 46.6, down 1.1 point for the month, while export orders fell 2.5 points to 47.9 as the U.S. and China continue to look for a resolution to a trade dispute that began more than a year and a half ago.

Supplier deliveries was one of the few metrics in expansion, rising 2.5 points to 52.

In a related release, the Markit manufacturing reading, known as the Purchasing Managers Index, indicated expansion, coming in at 52.6, just above expectations and a bit better than the 51.3 October reading.

The Markit PMI growth reflected an uptick in production and new orders as well as strength in employment indicators. It was the strongest reading in seven months.

Investors will get a close look Friday at the impact the manufacturing slowdown and trade war have had on the broader economy. The Labor Department’s nonfarm payrolls report comes down that day, with economists surveyed by Dow Jones expecting a sharp rebound in growth to 187,000 from November’s 128,000.


Company: cnbc, Activity: cnbc, Date: 2019-12-02  Authors: jeff cox
Keywords: news, cnbc, companies, growth, reliable, points, expansion, territory, contraction, orders, manufacturing, reading, report, key, ism, remains, trade, index, shows


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Why market is rallying despite tariffs & impeachment, according to Jim Cramer

Why market is rallying despite tariffs & impeachment, according to Jim CramerThe “Mad Money” host explains that the stock market has remained strong because tariffs haven’t been as impactful as expected, sensible mergers have been announced and employment remains robust.


Why market is rallying despite tariffs & impeachment, according to Jim CramerThe “Mad Money” host explains that the stock market has remained strong because tariffs haven’t been as impactful as expected, sensible mergers have been announced and employment remains robust.
Why market is rallying despite tariffs & impeachment, according to Jim Cramer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-26
Keywords: news, cnbc, companies, rallying, cramer, robust, remains, despite, tariffs, market, impeachment, jim, strong, sensible, money, stock, remained, according


Why market is rallying despite tariffs & impeachment, according to Jim Cramer

Why market is rallying despite tariffs & impeachment, according to Jim Cramer

The “Mad Money” host explains that the stock market has remained strong because tariffs haven’t been as impactful as expected, sensible mergers have been announced and employment remains robust.


Company: cnbc, Activity: cnbc, Date: 2019-11-26
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Despite a landslide win for Hong Kong’s pro-democracy parties, the ‘root’ of the problem remains

“The root cause of Hong Kong’s problem is still there, particularly (as) Beijing is very assertive about Hong Kong’s situation,” Wu told CNBC’s “Capital Connection.” Hong Kong pro-democracy parties took 390 out of 452 district council seats — winning nearly 90% of the seats, according to Reuters which cited local broadcaster RTHK on Monday. That’s almost double the number in the previous election four years ago, according to Reuters. Hong Kong, a former British colony, has been operating under t


“The root cause of Hong Kong’s problem is still there, particularly (as) Beijing is very assertive about Hong Kong’s situation,” Wu told CNBC’s “Capital Connection.”
Hong Kong pro-democracy parties took 390 out of 452 district council seats — winning nearly 90% of the seats, according to Reuters which cited local broadcaster RTHK on Monday.
That’s almost double the number in the previous election four years ago, according to Reuters.
Hong Kong, a former British colony, has been operating under t
Despite a landslide win for Hong Kong’s pro-democracy parties, the ‘root’ of the problem remains Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-25  Authors: huileng tan
Keywords: news, cnbc, companies, seats, prodemocracy, election, previous, remains, parties, despite, kongs, kong, elections, months, win, local, landslide, root, hong, problem


Despite a landslide win for Hong Kong's pro-democracy parties, the 'root' of the problem remains

Ballots are being displayed for counting at a polling station. Nearly 3 million Hong Kong citizens cast their ballots on Sunday’s district council elections in the referendum race between the pro-democracy camp and pro-Beijing camp after more than five months of turmoil in the city.

Hong Kong’s pro-democracy candidates won big in local elections on Sunday, but there will be no easy solutions to the issues hanging over the territory as protesters stand up to China’s growing influence, analysts told CNBC on Monday.

“It’s very clear that people are not happy with the government, so they try to support the pro-democracy camp in this election,” said Alfred Wu, associate professor at the Lee Kuan Yew School of Public Policy in Singapore.

The polls come after six months of anti-government, pro-democracy protests that have turned increasingly violent, and as Hong Kong struggles to overcome its most serious political crisis in decades. The local elections have been widely viewed as a barometer of public sentiment.

“The root cause of Hong Kong’s problem is still there, particularly (as) Beijing is very assertive about Hong Kong’s situation,” Wu told CNBC’s “Capital Connection.”

“Also, lots of young people are very much politically active,” he added. “They want (the) government to make a change, but unfortunately over the past few months, (the) government still adopt the previous line so it’s hard to say it will have a dramatic change in the near future.”

Hong Kong pro-democracy parties took 390 out of 452 district council seats — winning nearly 90% of the seats, according to Reuters which cited local broadcaster RTHK on Monday. Democratic candidates secured just 100 seats at the previous elections four years ago.

According to the office of the Chief Executive Carrie Lam, about 2.94 million registered electors cast their votes in the district council election on Sunday — a record turnout of about 71.2%. That’s almost double the number in the previous election four years ago, according to Reuters.

Hong Kong, a former British colony, has been operating under the “one country, two systems” principle since its return to Chinese rule in 1997. That framework gives the international financial hub self-governing power and various freedoms, including limited election rights. Hong Kong citizens also enjoy a higher degree of autonomy compared to citizens of mainland China.


Company: cnbc, Activity: cnbc, Date: 2019-11-25  Authors: huileng tan
Keywords: news, cnbc, companies, seats, prodemocracy, election, previous, remains, parties, despite, kongs, kong, elections, months, win, local, landslide, root, hong, problem


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A no-deal Brexit in January 2020 is still possible: DBS

A no-deal Brexit in January 2020 is still possible: DBSPhilip Wee of DBS Bank says he is skeptical that the U.K. will be able to form a majority government following the elections in December, and he foresees the pound moving toward 1.20 against the U.S. dollar. If there is a hung parliament, the risk of a no-deal Brexit still remains, he says.


A no-deal Brexit in January 2020 is still possible: DBSPhilip Wee of DBS Bank says he is skeptical that the U.K. will be able to form a majority government following the elections in December, and he foresees the pound moving toward 1.20 against the U.S. dollar.
If there is a hung parliament, the risk of a no-deal Brexit still remains, he says.
A no-deal Brexit in January 2020 is still possible: DBS Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-25
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A no-deal Brexit in January 2020 is still possible: DBS

A no-deal Brexit in January 2020 is still possible: DBS

Philip Wee of DBS Bank says he is skeptical that the U.K. will be able to form a majority government following the elections in December, and he foresees the pound moving toward 1.20 against the U.S. dollar. If there is a hung parliament, the risk of a no-deal Brexit still remains, he says.


Company: cnbc, Activity: cnbc, Date: 2019-11-25
Keywords: news, cnbc, companies, brexit, parliament, wee, remains, risk, pound, skeptical, nodeal, 2020, possible, dbs


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