Chinese foreign direct investment stalls
- China's foreign direct investment grew 0.6% on year to $8.38B in August, although the expansion was down sharply from 24.1% in July and 20.1% in June.
- In January-August, FDI rose 6.4% to $79.8B vs growth of 7.1% a year earlier,
- The Conference Board's Leading Economic Index +0.7% in August vs +1.4% in July. Five of the six components contributed positively to the index in August. Growth slowed as "real-estate activity slumped markedly." (PR)
- ETFs - Stocks:
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FXI, GXC, PGJ, YAO, FCHI, PEK, CAF, YXI, XPP, FXP, MCHI, YINN, YANG, TCHI, CHXF, KFYP, HAO, ECNS. Bonds: DSUM, CHLC. Currency: CNY, CYB, FXCH
U.K. inflation rises on month, slows on year
- U.K CPI rose to +0.4% on month in August after being flat in July but came in below consensus of +0.5%.
- On year, inflation, +2.7% vs +2.8% in July and forecasts of +2.7%.
- Core CPI held steady at +2% vs expectations of +2.1%.
- House-price index +3.3% vs +3.1% in July and consensus of +3.4%.
- The on-year fall in inflation was mainly due to lower air fares, gasoline, diesel, and clothing costs, although prices still rose faster than wages, which increased 1% on average during the same period.
- FTSE 100 -0.3%, GBP-USD +0.1% to $1.5914.
- ETFs - Stocks: FKU, EWU, EWUS, DXPS. Currency: GBB, FXB.
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