China’s Economy Grows More-Than-Estimated 7.3% in Third Quarter
China’s economic growth beat analysts’ estimates as the government eased property restrictions and expedited spending.
Gross domestic product rose 7.3 percent in the July-September period from a year earlier, the statistics bureau said today in Beijing, compared with the 7.2 percent median estimate in a Bloomberg News survey of analysts. September industrial production also exceeded projections.
Today, stocks surged. People who have their money invested in funds that track the S&P 500 or tech-heavy Nasdaq are smiling. Both indexes have erased well over half their losses for October. Or put another way: The S&P 500 is now up over 5% for the year. And the Nasdaq, which had its best day of 2014 today, is up even higher.
Even the Dow, which has struggled the most in recent weeks, is showing signs of a momentum change. The blue chip index surged 200 points, one of its best moves of the year. In a small but important psychological shift, the Dow is finally positive again for 2014 The market is clearly reacting positively to earnings from major U.S. companies.
ckwan, i guess you are in the share market much longer than I and i believe you are very knowledgeable. Can you please explain how capital reduction affects shareholders?
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tlbeng
905 posts
Posted by tlbeng > 2014-10-08 17:16 | Report Abuse
duhh, you should be bought in some when it was 1.02/1.03, hardly can drop back below 1 unless they've bad news