Sunday 25 June 2017

Volatile week for Chinese indices

Asian indices closed the week mixed, having  Chinese stocks higher and Japanese almost unchanged. Meanwhile oil is staying below $43 per barrel, even though it stopped depreciating.
US indices ended in a minimal negative territory after trading on Friday with plus and fell in the last minutes.
Investors are beginning to worry about the state of the US economy  as the situation is not so good as described by Janet Yelton, and that inflation targets may not be as fast as the Fed expects.
Or in other words, we may nit witness a third increase of interest rates by the end of the year.
The Chinese indices had a volatile week, supported by MSCI's decision to include local stocks in the indices. But afterwards they marked a decline as a result of the news that the government has strengthened the control and regulation of the largest companies with international business. Chinese regulators ordered Weibo Corp and another two Internet media companies to stop broadcasting video and audio, accusing them of operating without a license and disseminating opinions that are potentially harmful to the country's social stability.

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