Macro Man submits:
Well, well, well. When the Macro Man’s away, the markets will play! Your author is back in front of screens this morning for the first time in a week and a half, though had his flight been scheduled a day later last week he’d still be stranded on the [...]
ChinaBio Today submits:
Sagent Pharmaceuticals of Schaumberg, Illinois raised $40 million in two tranches of a series B financing from China sources (see story). Zhejiang Hisun Pharmaceutical (SHA: 600267) invested $10 million, which we reported earlier, and the remaining $30 million was contributed by an unnamed China-focused private equity investment [...]
China OTC Player submits:
By Platinum Tiger
A negative turn in investor sentiment on Friday sent the Rising China Stocks index tumbling to a 2.5 percent decline, wiping out gains from earlier in the week and dropping the index to its first weekly loss in a month.
Complete Story »
China OTC Player submits:
By Platinum Tiger
What a difference a week makes. Just last Saturday I wrote that the eight pharmaceutical stocks in our RCS small cap index were deeply oversold value opportunities meriting “serious investment consideration.” Four trading sessions later the sector has gained 9.5 percent, with especially impressive performance [...]
The Pragmatic Capitalist submits:
There is a legitimate argument in the United States that a certain level of government spending was justified in 2009. Given the extraordinarily low levels of aggregate demand, high unemployment, high output gap, etc. the government had a certain amount of wriggle room in terms of [...]
Cliff Wachtel submits:
Here’s our ranking of the market movers of the coming week:
First Place – EU Debt Crisis – Markets Calling EU Bluff, To Test Greek Aid Plan: Once again the plan is unraveling as Greek borrowing costs remain too expensive to keep Greece out of default, yet German backtracking and [...]
Carnegie Endowment submits:
China’s growth has continued to exceed expectations in 2010. The risk of economic overheating now outweighs that of an economic downturn, with both consumer and producer price inflation, as well as urban housing and wages, on the rise. The government has taken steps to pull back monetary stimulus and [...]
Brian Dolan submits:
Risk looks set for a correction lower
Greece edges closer to calling in the IMF
U.K. election nears; better economic data are GBP supportive
Complete Story »
Dian L. Chu submits:
Gold fell the most in two months as the SEC’s action against Goldman Sachs (GS) spurred investors rushing out of riskier commodities and into perceived safer assets such as the U.S. dollar. Futures for June delivery slid 2% in one day to $1,136.90 an ounce.
Paulson Linked to [...]
Econ Grapher submits:
This week we look at the U.S. trade balance trending back to normal, U.S. CPI/inflation figures tending sideways, a pick up in U.S. retail sales, further improvement in U.S. industrial production, and a slight tapering off of U.S. consumer sentiment. So the focus is completely on the U.S. this week. This is fitting [...]