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China Below Pakistan at MSCI Shows Beijing’s Credibility Problem (News:15/06/16)

Today's Press

  • U.S. stocks snapped a four-day losing streak on Wednesday as lower chances of an interest rate hike offered solace to investors worried over the repercussions of Britain's possible exit from the European Union.

  • U.S. producer prices rose for a second straight month in May as the cost of energy products and services increased, but the lingering effects of a strong dollar and lower energy prices will likely keep inflation tame for a while.

  • The country’s haphazard response to last year’s stock-market meltdown is so seared into the memory of global money managers that MSCI Inc. decided it was too soon to let Chinese shares into the firm’s benchmark indexes on Tuesday. Even as MSCI granted emerging-market status to Pakistan -- a much less developed country that effectively banned sell orders for three months in 2008 -- the index compiler said market participants need more time to assess China’s recent reform efforts.

Next Trading Day's Important Events

Forex Quotes:

  • USDJPY: 106.00
  • EURUSD: 1.1228

Indices:

  • S&P 500: 2,081.40
  • NASDAQ : 4,855.22

 


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