Chinese Q3 Economic Growth Heads Off Great Wall of Worry? (Reuters)
Investor fears of a Chinese slowdown weren’t necessarily allayed when China’s government announced economic growth of 7.4% for Q3 2012 — just about meeting expectations. However, commodity investors’ spirits were buoyed when China’s industrial output growth hit 9.2% for that same quarter — outpacing expectations. Bottomline? While investors in China itself aren’t in worry-free mode, commodities players can take heart from Chinese industrial output.
Asian Markets Build on U.S. Housing News & Commodities Figures (Breakingnews.ie)
Investors in Asian markets have reason to smile this morning as indices there were up across the board, following the lead of the U.S. market yesterday that was fueled by news that U.S. housing starts were much higher than expected in September. Combine this news with prospects for strong commodities performance in the region — based on China’s 9.2% industrial growth in Q312, and you have the making of a good morning, indeed, for investors in Far East public companies. Specifically, Japan’s Nikkei 225 rose 1.7% to 8,952.68. Hong Kong’s Hang Seng gained 0.5% to 21,523.50 and South Korea’s Kospi rose 0.1% to 1,957.41. Australia’s S&P/ASX 200 advanced 1.1% to 4,579.60, while the Aussie dollar touched two-week highs of 1.0397 on the strong news.
Financial markets bounced strongly the past week with the S&P ending the week 2% higher. Last week's Dividend Pro recommendation to buy January $35 call option on Rentech Nitrogen Partners, L.P. (RNF) paid off particularly well, as the options soared 63.15%. Sell half your options here to lock on your big, quick gains. Hold on to the rest, for potentially bigger gains in the future. This week's Dividend Pro recommendation -- Annaly Capital Manage
Jim Woods has over 20 years of experience in the markets from working as a stockbroker, financial journalist, and money manager. As well as a book author and regular contributor to numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: