China™s stock-index futures fell before the release of inflation data.
Futures on the CSI 300
Index expiring in February, the most active contract, slipped 0.1
percent to 3,359.80 as of 9:27 a.m. local time. Consumer prices probably
rose 1 percent in January from a year earlier, slowing from a 1.5
percent gain a month earlier, according to the median estimate of a
Bloomberg survey. Declines in producer prices accelerated to 3.8 percent
from 3.3 percent in December, the survey showed. The report is
scheduled to be released at 9:30 a.m.
The data will add to
concern demand is weakening and that further monetary easing is needed
to sustain growth in the world™s second-biggest economy. Data for
January showed imports falling by the most in more than five years,
manufacturing gauges signaling a contraction and services expanding at
the weakest pace in six months.
The Shanghai Composite
Index climbed 0.6 percent to 3,095.12 yesterday as consumer companies
rallied before the start of Chinese new year holidays this month. Hong
Kong™s Hang Seng China Enterprises Index fell 0.4 percent to 11,672.42.
The CSI 300 Index rose 1 percent. The Hang Seng Index lost 0.6
percent.The Bloomberg China-US Equity Index, the measure of the
most-traded U.S.-listed Chinese companies, slipped 0.1 percent.
The Shanghai Composite
is down 8.5 percent from a five-year high set on Jan. 26 after the
regulators tightened rules on margin trading to cool the market. Still,
the measure has jumped 51 percent over the past year, the second-best
performer among 93 global benchmarks tracked by Bloomberg.
Source : Bloomberg
0 komentar :
Post a Comment