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We are seeing a slight pull back in risk correlated trades, after the initial euphoria over China State Construction Engineering Corp moving closer to its much anticipated IPO and equity indexes have made new yearly highs, has worn off. While Asian regional indexes were broadly higher (Shanghai’s up 2.59%), European stock markets have failed to follow and US futures are pointing to a lower open…. | ||||||||||||||||||||
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China’s New “Manifest Destiny”
(Investment U, 6/10/09)
Private Commercial Construction Decimated; the Government Builds On
(The Value at Risk, 8/5/09)
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