16 September, 2015 by The TZ Newswire Staff Comments Off on China Injects More Liquidity, Strengthens Yuan As Foreigners Dump Record Amount Of Japanese Stocks
China Injects More Liquidity, Strengthens Yuan As Foreigners Dump Record Amount Of Japanese Stocks
The evening started with disappointing Japanese trade data cross the board – weakest imports, exports, and trade balance in 6 months – which follows the largest selling of Japanese stocks by foreigners ever. China opened with the first rise in margin debt in 6 days, stocks were mixed in the pre-open after last night’s epic farce ramp. PBOC strengthened the Yuan fix modestly and also injected another CNY 40 billion.
Japanese trade data was disappointing…
16 September, 2015 by The TZ Newswire Staff Comments Off on USD/CNY reference rate for today set by the PBOC at 6.3670
USD/CNY reference rate for today set by the PBOC at 6.3670
People’s Bank of China (PBOC) sets the USD/CNY mid-point reference rate
– yesterday’s close was at 6.3709
– yesterday’s mid point was set at 6.3712
Another small strengthening of the yuan. Any bets it’ll be reversed after President Xi Jinping’s US visit?
16 September, 2015 by The TZ Newswire Staff Comments Off on Top Performing Real Estate ETFs Await Interest Rate News
Top Performing Real Estate ETFs Await Interest Rate News
Concerns that interest rates will rise have dealt real estate ETFs a losing hand this year. The rough patch follows stellar performance last year. The largest REIT ETF, $46.9 billion Vanguard REIT ETF (VNQ) is down 6% this year vs. a 7% decline for the average real estate ETF and 2% for the S&P 500. VNQ has risen an average annual 6.76% in the past 10 years vs. 5.01% for its peers tracked by Morningstar Inc. and 7.13% for the S&P 500.
16 September, 2015 by The TZ Newswire Staff Comments Off on Stephen Curry speaks out on new Under Armour deal
Stephen Curry speaks out on new Under Armour deal
The NBA’s Most Valuable player Stephen Curry will play out the rest of his career as an Under Armour athlete.
16 September, 2015 by The TZ Newswire Staff Comments Off on GoPro Inc. Stock Is Down a Lot and I’m Pretty Excited
GoPro Inc. Stock Is Down a Lot and I’m Pretty Excited
The future is bright because of GoPro’s profitability, valuation, and balance sheet.
16 September, 2015 by The TZ Newswire Staff Comments Off on Dollar pressured as inflation tempers Fed hike bets
Dollar pressured as inflation tempers Fed hike bets
The dollar came under pressure on Thursday, after weak inflation data led investors to pare bets that the Fed will deliver a rate hike later.
16 September, 2015 by The TZ Newswire Staff Comments Off on The Fallacy Of "Buy Land – They’re Not Making Any More"
The Fallacy Of "Buy Land – They’re Not Making Any More"
Submitted by Peter St.Onge via The Mises Institute,
“Buy land — they’re not making any more!” is an old investing chestnut, and a common sense one to boot. Economically, it’s also completely false.
As counterintuitive as it may seem, we make land all the time. It just doesn’t look like land.