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China's deflationary spiral bumps up FX risk aversion - MarketPulseMarketPulse

China's latest weak miniaturing and non-manufacturing PMIs for May has increased the risk of a deflationary spiral.

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Transcripts for BBCNEWS Asia Business Report 20240604 00:34:00

alternative flight or request a refund. ba has suffered a series of reputation damaging it failures in the past couple of years. turning now to oil prices. china s reopening, and production cuts and russia should have given a boost to crude oils, which some analysts were forecasting to go above $100 per barrel. but instead they have been in a lull in the $70 range. at the next meeting of the organisation of petroleum exporting countries, our guest says she is expecting the cartel to stick with the current production level instead of announcing further cuts. for a closer look at the lagging demand, i spoke with azlin ahmad with commodities research house argus. china s demand should be growing but i think to some extent, the growth may not have been as strong as the market expected. we did see that china manufacturing pmi in april dipped a bit below 50. china s manufacturing

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Transcripts for BBCNEWS Asia Business Report 20240604 01:34:00

refund. ba has suffered a series of reputation damaging it failures in the past couple of years. turning now to oil prices. this is where they are at the moment, down to 3% at the moment. china s reopening, and production cuts by opec and russia should have given a boost to crude oils, which some analysts were forecasting to go above $100 per barrel. but instead they have been in a lull in the $70 range. at the next meeting of the organisation of petroleum exporting countries, our guest says she is expecting the cartel to stick with the current production level instead of announcing further cuts. for a closer look at the lagging demand, i spoke with azlin ahmad with commodities research house argus. china s demand should be growing but i think to some extent, the growth may not have been as strong as the market expected. we did see that china manufacturing pmi in april dipped a bit below 50. china s manufacturing

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Transcripts for BBCNEWS Asia Business Report 20240604 23:34:00

growth maybe not has been as strong as the market expected. we did see that china manufacturing pmi in april dipped a bit, below 50. china s manufacturing still is dependent on export. if that impact on china. it is demand driven. i don t think we never saw $100. we do see that going forward in the second half of this year, assuming 0pec prices, and that includes russia that on the outward cuts that they had now is in early april, we do see that the market should become tighter in terms of supply. we should be moving to $80 or at low eight in the second half of 2023. inching higher but not going up to 100. i don t think we ever saw $100, not in the short term. ., , ~ ,

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