The Day Ahead: Chinese Inflation Drives Domestic Stocks Lower

Posted To:MND NewsWire

Speculation that China may have to tighten its economic policy is pulling investor sentiment lower this morning. Amid positive data on industrial production and retail sales, Chinese CPI climbed 2.7% in February, indicating that the central bank may have to take a more serious approach to slow down spending. “China is aiming for 3% inflation for all of 2010,” said Benjamin Reitzes from BMO. “Continued acceleration would make that target tough to hit and markets are concerned that this latest jump in inflation could cause Chinese officials to tighten policy further.” Reitzes called the CPI figure “somewhat troubling,” adding that it’s too early to a definitive statement that prices are about to take off. “However, with the economic numbers showing…(read more)

This mortgage update is brought to you by: Patrick McGee – You can read the full article at The Day Ahead: Chinese Inflation Drives Domestic Stocks Lower

Comments

• Mortgage Resources

  • Home Loan Information

• Mortgage Information

• Featured Articles

  • Should You Use a Mortgage Broker Or A Direct Lender?
  • How to Get No Money Down Home Loans
  • FHA Home Loan Refinance – Advantages of FHA Home Refinancing!
  • FHA Programs That You Might Not Have Heard Of
  • Home Loan Modification Help – Here is What You Need to Know to Keep Your Home
  • The Advantages and Disadvantages of Getting Mortgage Lender Vs Mortgage Broker
  • MBS LUNCH: Narrowing Range Into The Afternoon (Again…)
  • Bad Credit Rating Mortgage Home Refinancing is Possible!
  • Why Using a Mortgage Broker Can Save You These 7 Loan Application Mistakes
  • Why Did People Drop Out of the Loan Modification Program?
  • Late Day Rally Leads MBS To New Record Price Levels. Lenders Reprice For The Better
  • Repossession Advice – It’s Never Too Late to Act
  • Checking Your Mortgage Offer
  • What You Need to Know About Pre-Approved Home Loans
  • Why Sub-Prime Mortgages Are Being Offered

• Meta

  • Log in
  • Entries RSS
  • Comments RSS
  • WordPress.org