Last night, China printed 48.3 on the HSBC Flash PMI, but don’t tell U.S. corporations who call China a major market that China is slowing.
As the Chinese economy (FXI, quote) continues to slow and the Chinese benchmark indices continue to lag, many equities are decreasing in value as a result. Investing in multinationals with exposure to the Chinese economy however, you can take advantage of China’s growth without worrying about the intricacies of the opaque Shanghai Composite. One such company is Boeing (BA, quote).
Overnight emerging markets trading was interesting to say the least. With multiple straight down sessions in a row and Japan’s NIKKEI suffering the most — five straight sessions to the downside — market participants began to pick through the rubble after strong earnings from Caterpillar (CAT, quote) and Boeing (BA, quote).
Asian markets continued to trade erratically on the back of mixed news from the United States. While U.S. markets traded decently on Wednesday, earnings from various companies caused disparate reactions in Asian markets based on where their exposure lies.
Wednesday’s best web looks at Amazon.com’s expansion into Brazil, expected demand for aircraft in the Middle East, broadband access in Africa, Pena Nieto’s presumed economic team leader, and Mumbai’s damaged brand.
Last week global markets started off soft, but most recovered to near the flat line. U.S. markets rebounded on four consecutive gains putting the S&P 500 above 1400 or a 1.8% gain on the week.