Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: Specter of More Stimulus Sends Shanghai Surging


Strengthen your portfolio in good times and bad.


China To Announce Additional Aid?

Chinese Premier Wen Jiabao may announce the addition of more funds to the country's 4 trillion yuan ($585 billion) stimulus plan. The news caused a squeeze in the market, and sent the Shanghai Composite up 6%. According to the Telegraph, rumors of another round of stimulus have been swirling for months. China's communist political party, Politburo, pledged a "massive" increase in government spending last month, and analysts at Standard Chartered have long predicted the country would double the size of aid given its economy's rapid deterioration.

For more on China, see Professor Ryan Krueger's The Yi Yue Effect: Looking to DJIA and China.

From the Bull Pen: We'll get more details of the housing plan here in the US today, which is currently propping up stock futures. Bulls can consider the Ultra S&P 500 (SSO) for a short- term trade, but keep an eye on Big Beta for any signs of a reversal.

From the Bear Cave: The time for honoring the dollar will soon come to an end. The dollar index could be showing signs of near-term exhaustion and bears can consider the Bearish Dollar ETF (UDN).

Quick Check Around the World

Asian trading closed with the Hang Seng 2.47%, Nikkei 0.85%, India 0.23%, Taiwan 2.39% and Shanghai 6.12%.

Glancing towards Europe, we see the CAC 1.73%, DAX 2.24%, FTSE 1.39%

As of 8:10 AM EST, S&P Futures are trading +9 to 699, and Nasdaq futures are +12 to 1084.

A Look At Commodities

Crude oil is trading +1.42 to 43.07. Gold is +0.90 to 914.50. Silver is +0.16 to 12.870, and copper +1.65 to 161.25.

The dollar index is +0.2200 to 89.2400.

On the Radar


07:00 MBA Mortgage Applications
07:30 Challenger Job Cuts YoY 4.80 m
08:15 ADP Employment Change 1.3%
10:00 ISM Non-Manufacturing Composite 1.3%
02:00 Fed's Beige Book

Click here for the full trading radar.

It's hump day. Good luck!

Actionable ideas, instant analysis. Real-time from bell to bell.
Minyanville's Buzz & Banter - 14 day FREE trial

< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos