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Emerging Markets
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Apple supplier to make bigger iPhones July in China
Apple Inc’s suppliers will begin producing larger versions of the iPhone in China (FXI, quote) next month, Bloomberg reported citing sources.
Premier: No Hard Landing for China
There will be no hard landing for China’s (FXI, quote) economy, Premier Li Keqiang said yesterday. It will continue to grow at a medium to high pace in the long term.
Chinese are drinking more coffee
A Chinese person drinks on average five cups of coffee a year. In a small town of south China’s Hainan province, this rises to 200 a year. The figure, which is comparable to the world’s average of 240 cups, has impressed international coffee dealers who are seeking to take a share of the market in China.
Gold recovers, but the rally looks weak
On the daily gold chart we are at an interesting phase of price action. The weakness in the price of gold has been clearly evidenced since mid March, with each rally higher petering out. This was then followed by an extended phase of price congestion which saw the precious metal oscillate between $1315 per ounce to the upside and $1280 to the downside.
Brent Steady On Promising Global Appetite
Brent crude oil (BNO, quote) was steady above $108 as encouraging data from the world’s top two consumers helped raise the global demand outlook.
Trade Alert – New Position – DXJ
Option Alert Service Signal New Trade Suggestion
Trade Alert – New Position – DXJ
Option Alert Service Signal New Trade Suggestion
China accelerates as euro zone stumbles
Signs of an economic revival in China have raised hopes that Beijing’s targeted measures to bolster growth are having an impact but a slowdown in the euro zone will increase expectations of policy easing there.