Good news out of China, EEM Should be Up Today
Updated
EEM is mostly made up Chinese A-shares meaning this ETF is primarily dependent upon data coming out of China. Recent data is quite promising while the US-China trade war negotiations continue to show positive developments. Exports data coming out of China is positive this morning, moreover the US will not keep on putting pressure on China politically according to Bloomberg. Also, data suggests the trade surplus increases while credit growth beats estimates. Could see 3 to 6 percent increase in Shanghai on Monday if all else is equal.
Bottom line is EEM could be up maybe 1 percent today given the positive news and sentiment coming out of the Middle Kingdom.
Bottom line is EEM could be up maybe 1 percent today given the positive news and sentiment coming out of the Middle Kingdom.
Note
As expected, up 1 percent on the day. Quite strong daily volatility.
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