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Follow on Google News | Warwick Ventures sees China Property Stock Index Points to Slump: Technical AnalysisWarwick Ventures cautioned their active commodities traders today that the China’s benchmark for property stocks is close to slipping below its 200-day moving average, signaling losses in global stocks and commodities and gains in the U.S. dollar.
By: Steve Holmes The Se Shang Property index’s 200-day moving average is at 4,214.70, 4.5 percent below the index’s close of 4,413.23 on Sept. 30. The index, which is down 28 percent from its July high, is an “exceptional” Predictions are already in place for how this slump will effect China’s rate outlook. JPMorgan Chase & Co. said this week China may raise interest rates twice next year as economic growth picks up and inflation accelerates. The nation may start tightening monetary policy by increasing bank reserve requirements in the fourth quarter of this year, Credit Suisse Group AG said # # # Warwick Ventures is a Venture Capital firm specializing in the creation and development of small and mid cap companies Our expertise lies in our ability to identify fututre winners before the market. Our strategy is to work with these and help them grow. End
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