- EEMBarrons.com•2 hours ago
The benchmark MSCI China Index posted an 8% gain, topping global equity markets, even though we all know China's macro economy is not doing great. According to Credit Suisse equity strategist Vincent Chan, who has been a bear for quite a while, 28% of the stocks covered by the bank beat expectations while only 20% missed. Despite a weak set of macro data, China's overall industrial profits surged 11% in July as supply-side reform helped crowded industrial sectors such as steel and coal back to profit.
- EWZForbes•3 hours ago
Ending a long impeachment process, Brazil's Senate ousted President Dilma Rousseff on Wednesday. That’s bad news for Latin American socialists of all sorts, and most notably for Venezuala’s President Nicolás Maduro, who faces massive protests over the failures of his socialist agenda. Bad news for socialists is usually good news for financial
- SPYForbes•4 hours ago
We watched oil closely earlier this year. The oil price bust ultimately pulled down stocks. And when oil aggressively bounced off of the bottom, stocks recovered alongside, returning to new record highs. Today it was oil again. Stocks oscillated near record highs and following an anticipated Fed event last week had continued