The Week In Hindsight, 10 January 2014
The NIKKEI pulled back from previous highs over the course of the past week while Chinese stocks continued their decline despite bullish forecasts for the year.
Chinese investors were given little reason to reverse the decline as Manufacturing output growth appeared to have paused. This was while the country’s trade surplus also narrowed as a result of reduced exports during December.
Inflation in the country was also believed to have cooled with a drop to 2.5% in the CPI (Consumer Price Index) VS expectations for a 2.7% print.
SSE COMPOSITE INDEX WITH NIKKEI 225 OVERLAY (IN RED)