Chinese stocks “unexpectedly” plunged last week in a fit of stormed selling that reminded of August rather than the placidity that has been claimed of China since. By mainstream account, China has fixed its bout of “selling UST” and “outflows” while also providing two double doses of “stimulus.” The PBOC had even taken to a higher fix in the middle [...]
The Shanghai Composite Index for shares on China’s somewhat stock market peaked on June 12, a Friday before a weekend in which every major analyst and China-watcher expected the PBOC to unleash rate cuts. It wasn’t a very good week in terms of economic data for China, which is likely why the call-to-action for the PBOC was nearly universal. For [...]
The Caracas Stock Exchange Index only gained 44% this year, a far less intense surge than the 452% increase in 2013. Of course, not even in Venezuela do stocks travel in a straight line forever, as the exchange saw a bit of an extended “correction” for most of this year. However, the upswing is back as almost all of the [...]
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