Pessimistic Economic Outlook Weighs on Chinese Yuan ETFs

Even as the People’s Bank of China pegs the currency at a higher rate relative to the U.S. dollar, Chinese yuan exchange traded funds weakened Wednesday, with the yuan currency touching a 16-month low. ...

Chinese manufacturing activity stuck in contraction

HSBC Chinese flash manufacturing PMI has indicated contraction for a fourth consecutive month, although the gauge has edged up to 48.3 in April from 48 in March. Consensus was for 48.4. "Domestic demand showed mild improvement and deflationary pressures eased," said HSBC, "but downside risks to growth are still evident as both new export orders and employment contracted." HSBC believes that the ...

Chinese housing inflation slows again

China's new-housing inflation weakened to an eight-month low in March, with the average price of new homes in 70 major cities moderating to +7.7% on year from +8.7% in February. On month, housing inflation slipped to 0.2% from 0.3%. Home prices rose on a year-on-year basis in 69 of 70 cities, as in February. The softening in prices reflects the government's attempts to cool the housing sector ...

Capitol Commission announces settlement with Capitol Ministries

Capitol Commission is pleased to announce the resolution of an […]

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