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China ETFs Drop After Inflation Report

By: ETFdb
Monday marked the unofficial start of Q2 earnings season with heavy hitter Alcoa (AA) setting the stage. Analysts were not surprised with the reported $119 million loss in the second quarter, with many analysts coming into earnings season with low expectations. The night following AA’s earnings announcement, investors turned their attention away from the U.S. to China and the released consumer price index report [see S&P 500 Visual History]. Underscores Weakening Economy The latest national consumer price index, compiled by the National Bureau of Statistics of China, came in slightly above analysts’ expectations. After May’s surprisingly low 2.1% change in the price of consumer goods and services, June’s 2.7% may be great for the currency, which is a big concern for consumers and the future growth of China’s economy. Consider the trailing six-month CPI data below and note that the change is calculated from the price of goods during June of 2012 [see also China [...] Click here to read the original article on ETFdb.com. Related Posts: 25 Wild ETF Charts From 1H 2013 Favorite ETF Positions For 5 Super Investors Daily ETF Roundup: Stocks Sink, Greece Cuts A Deal Least Correlated Country ETFs To S&P 500 17 ETFs For Day Traders
Monday marked the unofficial start of Q2 earnings season with heavy hitter Alcoa (AA) setting the stage. Analysts were not surprised with the reported $119 million loss in the second quarter, with many analysts coming into earnings season with low expectations. The night following AA’s earnings announcement, investors turned their attention away from the U.S. to China and the released consumer price index report [see S&P 500 Visual History]. Underscores Weakening Economy The latest national consumer price index, compiled by the National Bureau of Statistics of China, came in slightly above analysts’ expectations. After May’s surprisingly low 2.1% change in the price of consumer goods and services, June’s 2.7% may be great for the currency, which is a big concern for consumers and the future growth of China’s economy. Consider the trailing six-month CPI data below and note that the change is calculated from the price of goods during June of 2012 [see also China [...]

Click here to read the original article on ETFdb.com.

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