Crude oil prices closed at the highest level all year as concerns about supply and demand continue to simmer. Not only do we have continuing attacks on Nigerian oil infrastructure and a breakdown of the Venezuelan socialist system, we also have record-breaking demand--demand that has killed subpar global economic growth and demand that could explode if the global economy gets any momentum. The one place where demand should be not be taken into consideration is not in China--even though it’s near a record high--but in India.
China will submit next week its "negative list" offer of sectors that would remain off-limits to U.S. investment in a U.S.-China bilateral investment treaty (BIT), Vice Premier Wang Yang said on Monday.
China's central bank on Wednesday said it injected a total of 290.57 billion yuan ($44.1 billion) through short- and medium-term liquidity facilities in May to help support credit growth and the slowing economy. That amount of liquidity injections was down from 715.76 billion yuan in April.
Chinese shares posted their biggest daily gain in three months on Tuesday on growing expectations U.S. market index provider MSCI could add mainland stocks to its emerging market benchmark for the first time.