(eToro Blog) Markets have been aware that the Chinese economy has been shrinking; the signs and indicators have clearly all pointed in that direction. But the International Monetary Fund will be rubber-stamping that assertion according to IMF insiders and is set to significantly reduce China’s medium term outlook for its current account surplus which has [...]
Chinese Focus 
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Chinese PMI Data Gives a Boost to Risk On Trades
(eToro Blog) News that China’s PMI data surged in March to an 11-month peak helped to push commodity-linked currencies higher as worries of a possible economic slowdown eased. According to the China Federation of Logistics and Purchasing, the March PMI reading improved to 53.1 from February 51.0 reading, even as economists’ polled predicted that the [...]
Jim O’Neill: China Produces a New Greece Every 11.5 Weeks
Goldman Sachs’ rockstar Jim O’Neill reinforces his ongoing thesis that Greece-focused histeria is tedious at best. While he believes European Monetary System concerns are valid and sovereign debt issues will be there for the foreseeable future, he thinks Greece is small peanuts as long as other Euro countries such as Italy are not showing signs [...]
