Asia biased macro & technical analysis, Untying The Gordian Knot

Untying The Gordian Knot

Asia biased macro & technical analysis

A differentiated process with a primary focus on Asia. Technical Analysis as core and Macro drivers that could bring the view to fruition & changes that could make the idea fall apart. The objective is to be the best in class, hence corner shop.

Technical Analysis

<ul>
<li>This week some of the strongest names in HSI are covered.</li>
<li>In real estate, banking, and global infrastructure sectors. They have been consolidating for months and should resolve soon to establish new trends or act as a continuation pattens.</li>
<li>These are likely to prove crucial to Hong Kong and Greater China.</li>
</ul>


This week some of the strongest names in HSI are covered.
In real estate, banking, and global infrastructure sectors. They have been consolidating for months and should resolve soon to establish new trends or act as a continuation pattens.
These are likely to prove crucial to Hong Kong and Greater China.


HSBC, Sun Hung Kai Properties, and CK Hutchison Holdings

Bond market data and technology, BondEvalue

BondEvalue

Bond market data and technology

BondEvalue is a Singapore-based Fintech that specializes in bond market data and technology. The company's information services business offers bond market data on hard-currency corporate & sovereign bonds across Asia, Middle East, Europe and the Americas. The data, which includes bond prices, yields, news and analytics, is offered to end investors via interactive Mobile and Web Apps. Investors can sign up for a free trial of the service either via the company's website (https://bondevalue.com) or by downloading the BondEvalue Mobile App (http://onelink.to/wej7jq). BondEvalue is also developing an electronic bond exchange, BondbloX in Singapore that allows investors to trade bonds electronically in smaller sizes (US$1,000 or equivalent). For more information, visit https://www.bondblox.com/

Bond Market Data and Technology

Credit

US equities ended slightly higher with the S&amp;P up 0.7% and Nasdaq up 1%. Sectoral gains were led by Communication Services and IT, up 1.7% and 1.2% respectively. US 10Y Treasury yields were 1bp tighter at 1.55%. European markets were mixed with the DAX and CAC up 0.1% and 0.5% while FTSE ended 0.5% lower. Brazil’s Bovespa ended 1.2% lower. In the Middle East, UAE’s ADX was up 0.7% and Saudi TASI was up 0.1% on Sunday. Asian markets opened broadly mixed – Shanghai and HSI are down 0.3% and 0.1% while STI and Nikkei were up 0.2% and 0.4% respectively. US IG and HY CDS spreads were 0.6bp and 1.5bp tighter. EU Main CDS spreads were flat and Crossover CDS spreads were 0.7bp wider. Asia ex-Japan CDS spreads tightened 1bp.

6 New Deals incl. HSBC, Temasek, Wespac; Macro; Rating Changes; Talking Heads; Top Gainers and Lo...

US markets ended the day mixed with the S&amp;P down 0.2% and Nasdaq up 0.1%. Materials and Industrials, down 1.2% and 0.7% dragged the index while Utlities, Consumer Discretionary and Healthcare, were up 0.8%, 0.3% and 0.2% providing support. HSBC’s Q2 profit topped forecasts (details below). General Motors and Alibaba will be reporting earnings later this week. The CAC, FTSE and DAX were up 1%, 0.7% and 0.2%. Saudi TASI and UAE’s ADX were up 0.8% and 0.2% respectively. Brazil’s Bovespa gained 0.6%. Asia Pacific stocks opened in the red – HSI, Nikkei, Singapore’s STI and Shanghai were down 0.8%, 0.6%, 0.4% and 0.1%. US 10Y yields dipped to 4bp to 1.19%.

Ping An, Kasikornbank, Mapletree Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; ...

Moody’s downgraded HSBC Holdings’ senior bond ratings to A3 from A2. They also downgraded the Baseline Credit Assessment (BCA) to a3 from a2, subordinated debt rating to Baa1 from A3, the non-cumulative preferred stock rating of Perps issued by HSBC Capital Funding (Dollar 1) L.P. and guaranteed by HSBCH to Baa3(hyb) from Baa2(hyb). Meanwhile they affirmed the Baa3(hyb) preferred stock non-cumulative rating of HSBCH’s ‘high-trigger’ Additional Tier 1 (AT1) notes.

S&amp;P and Nasdaq both rose for the second day in a row and closed higher by 1.5% and 2.3% respectively on Friday. Even though growth and technology stocks stabilized after declining in the beginning of last week, S&amp;P and Nasdaq were down 1.1% and 2.2% down on a weekly basis. US 10Y Treasury yields declined for a second day to close at 1.64% after disappointing retail sales in the US. The week will see the release of FOMC minutes on Wednesday. US IG CDS spreads tightened by 1.6bp and HY spreads tightened by 7.1bp. EU main and crossover spreads tightened 1.3bp and 7.2bp. Asian equity indices had a mixed start while Asia ex-Japan CDS spreads were 0.7bp tighter.

HSBC, NAB, Shandong Hi Launch $ Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gain...

United Kingdom

HSBC Holdings Plc is a British universal bank and financial services group operating worldwide. It offers a wide range of services including retail and personal banking, wealth management, commercial banking, global banking, and markets and securities services. The company was founded in British Hong Kong in 1865 and is headquartered in London, England.

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HSBC (HSBA LN)

HSBC, Sun Hung Kai Properties, and CK Hutchison Holdings

In real estate, banking, and global infrastructure sectors. They have been consolidating for months and should resolve soon to establish new trends...

Untying The Gordian Knot

6 New Deals incl. HSBC, Temasek, Wespac; Macro; Rating Changes; Talking Heads; Top Gainers and Lo...

US equities ended slightly higher with the S&P up 0.7% and Nasdaq up 1%. Sectoral gains were led by Communication Services and IT, up 1.7% and...

BondEvalue

Ping An, Kasikornbank, Mapletree Launch Bonds; Macro; Rating Changes; New Issues; Talking Heads; ...

US markets ended the day mixed with the S&P down 0.2% and Nasdaq up 0.1%. Materials and Industrials, down 1.2% and 0.7% dragged the index while...

BondEvalue

HSBC Senior Debt Downgraded To A3

Moody’s downgraded HSBC Holdings’ senior bond ratings to A3 from A2. They also downgraded the Baseline Credit Assessment (BCA) to a3 from a2,...

BondEvalue

HSBC, NAB, Shandong Hi Launch $ Bonds; Macro; Rating Changes; New Issues; Talking Heads; Top Gain...

S&P and Nasdaq both rose for the second day in a row and closed higher by 1.5% and 2.3% respectively on Friday. Even though growth and...

BondEvalue

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