In today’s briefing:
- CX Daily: Why U.S.-Traded Chinese Firms Are Choosing Dual Primary Listings in Hong Kong
- Degraded Economic Outlook for Europe Puts Spotlight on Global Profit Forecasts and Currencies
CX Daily: Why U.S.-Traded Chinese Firms Are Choosing Dual Primary Listings in Hong Kong
Caixin Explains: Why U.S.-traded Chinese firms are choosing dual primary listings in Hong Kong
Update: Sichuan earthquake death toll rises to 66
Too much state investment has a downside, investors warn
Degraded Economic Outlook for Europe Puts Spotlight on Global Profit Forecasts and Currencies
- The Fed is attempting to quell inflation that is largely the result of excessive economic stimulus. Meanwhile, the European Central Bank faces price pressures accentuated by disruptions to energy supplies.
- Structurally higher energy prices will have significant implications for Germany’s economic competitiveness. Foreign exchange markets are discounting that German companies will face a tougher challenges being competitive on international markets.
- Despite headwinds stemming from energy supply disruptions, corporate profits in Germany are expected to fall only -2% in 2023. The weak euro reflect lower potential productive capacity and demand destruction.
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