Tuesday, 13 October 2015

Markts mixed, Chinese imports plunge again

Markets were mixed on Monday.

The S&P 500 eked out a 0.1 percent gain while the MSCI Asia Pacific Index rose 0.6 percent.

However, the STOXX Europe 600 fell 0.3 percent.

Commodities fell, with oil plunging 5 percent.

The latest data showed that the lingering caution in markets may be warranted.

China reported on Tuesday that its imports plunged 17.7 percent in yuan terms in September, worse than the 14.3 percent decrease in August and an 11th consecutive decline.

However, exports fell 1.1 percent in September in yuan terms, better than the 6.1 percent drop in August.

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