Investor’s Business Daily – One of the largest China-focused exchange traded funds is iShares FTSE/Xinhua 25 (NYSEArca:FXI.TO – News). It’s down 12.30% over the last month and 22.74% year to date. The ETF has $6.7 billion in assets.
Reuters – The Dow and S&P 500 were little
changed on Monday on the final trading day of the second
quarter as record oil boosted energy shares, offsetting weak
financial stocks amid nagging concerns of further credit
losses.
Last week brought more grim news on the housing front, from the widening loss at KB Homes to the cautious comments from Lennar CEO Stuart Miller.Yet the
Reuters – Oil slipped from a record high above
$143 a barrel on Monday as weak U.S. demand countered mounting
tensions between OPEC nation Iran and Israel.
Reuters – The U.S. economy continues to bump
along at a slow level of growth but has probably not fallen
into recession, a series of regional purchasing managers’
reports suggested on Monday.
