Tomorrow bloody bath?

China July producer prices slump to near six-year low

BEIJING (Reuters) - Producer prices in China fell to a near six-year low in July while consumer inflation remained subdued, signaling the world's second-largest economy was still facing deflationary pressures and that Beijing has room to further support the sluggish economy.

The producer price index (PPI) fell 5.4 percent from a year earlier, the National Statistics Bureau said on Sunday, compared with an expected 5.0 percent decline. It was the worst reading since October 2009 and the 40th straight month of price falls.

URL: http://finance.yahoo.com/news/china-produc...-015101391.html

Maybe you use the wrong formula?

My XIRR uses a function that calculate IRR up to days instead of months. LOL

If you use YEARFRAC(), then it'll in term of days. LOL

I guess should be:

(1+XIRR(F2:F6,A2:A6))^(9/12) - 1

to YEARFRAC(STARTDATE,ENDDATE)

URL: https://exceljet.net/excel-functions/excel-yearfrac-function

Won't accurate as IRR is more meaningful for > 1 year.

This post has been edited by David83: Aug 9 2015, 10:11 PM

High IRR is misleading if holding is too short.

You can have high IRR from China funds if you invest less than 1 year.

Also won't. I'm an engineer. It's normal for me to use formula up to certain precision until number may not be meaningful.

You meant the formula that Pinky used?

IRR is just an indicator.

Indonesia urges US Fed to hurry up and raise rates

JAKARTA: Indonesia wants the U.S. Federal Reserve to hurry up and raise interest rates because uncertainty over when it will tighten has created downward pressure on the rupiah, the country's chief economics minister said.

Sofyan Djalil, coordinating minister for economics, told Reuters that he did not see the rupiah dropping when the U.S. tightening does come because the move has been built into market expectations, and in fact the currency is now undervalued.

The Federal Reserve has kept rates at a near-zero level since December 2008 as part of its effort to spur the recovery from the 2007-2009 financial crisis.

URL: http://www.thestar.com.my/Business/Busines...ates/?style=biz

Idea Of The Week: 3 Tips For Investing In Volatile Markets [7 August 2015]

1. INVEST VIA A REGULAR SAVINGS PLAN (RSP)
2. INVEST IN FUNDS THAT DISPLAY MORE RESILIENCE
3. INCLUDE FIXED INCOME TO BUFFER DOWNSIDE VOLATILITY

URL: http://www.fundsupermart.com.my/main/resea...?articleNo=6142

This post has been edited by David83: Aug 10 2015, 09:56 PM

Indonesia’s GDP Slides Again! So What’s Next For The Southeast Asia’s Largest Economy?

TAKEAWAYS

Year-to-date (as of 7 August 2015), the JCI Index has posted a negative return of -7.27% in local currency term (-4.26% in MYR term). Owing to the recent drawdown of the Indonesian equity market, the market is currently trading at a PE ratio of 15.4X, a significant decline from its 2015’s high of 16.8X (26 May 2015). Nevertheless, the market is still trading at a premium (see Figure 9) compared to our fair PE ratio of 14.0X and represents a tepid annualised return of 6.8% based on end-2016 earnings.

Given the expensive valuation metric, along with deteriorating economic outlook, we urge investors to trim down their allocation into this market and consider allocating their monies to relatively attractive markets such as the Asia ex-Japan region, Emerging Markets and the North Asian countries. For those who have less tolerance for risk and are concerned of the elevated volatility within the equity markets, they can opt for more weighting in bond funds for the purpose of diversification and capital preservation while waiting for a better opportunity to re-enter the equity markets.

URL: http://www.fundsupermart.com.my/main/resea...?articleNo=6153

U.S. dollar on the rise as China devalues yuan

SYDNEY (Reuters) - The U.S. dollar lunged higher on Tuesday as China allowed its yuan to fall to three-year lows, a shift that heightened unease about the world's second-largest economy even as it promised a much-needed boost to export.

Asian stocks slipped and sovereign bonds rallied as investors weighed the implications of the surprise move, which seemed to end months of officially sanctioned yuan strength.

China's central bank described the move as a "one-off depreciation" of nearly 2 percent, and said it was based on a new way of managing the exchange rate that better reflected market forces.

URL: http://finance.yahoo.com/news/asia-stocks-...-002632659.html

Aladdin fund hit all time high yesterday with NAV @ 1.3913

Foreign funds net selling hits RM388m as ringgit weaken

KUALA LUMPUR: Malaysia’s FBM KLCI closed down nearly 18 points on Tuesday, in line with the Asean markets, while the ringgit continued to weaken against the US dollar as investor sentiment was battered by China’s devaluation of the yuan.

At 5pm, the KLCI was down 17.66 points or 1.07% to 1,636.71 which was the lowest since March 2013. Turnover was 1.98 billion shares valued at RM2.02bil. Losers beat gainers 529 to 290 while 346 counters were unchanged.

URL: http://www.thestar.com.my/Business/Busines...kens/?style=biz

I'm not surprised. KLCI has been dropped nearly 20 points for 2 days.

Dow falls triple digits on surprise yuan devaluation; Google jumps

U.S. stocks closed lower by about 1 percent on Tuesday after an unexpected move overnight by the People's Bank of China to depreciate the yuan by nearly 2 percent. ( Tweet This )

"The major concern is, the prospect of a China hard landing is more ominous as far as its impact on global growth," said Eric Wiegand, senior portfolio manager at U.S. Bank's Private Client Reserve.

The Dow Jones industrial average closed about 210 points lower, wiping out most of Monday's gains. The index's 50-day moving average fell below its 200-day moving average, a bearish condition many analysts term a " death cross .

URL: http://finance.yahoo.com/news/dow-falls-tr...-141452894.html

Broad selloff sends KLCI near 1,600 as ringgit weakest since 1998

KUALA LUMPUR: Asian market and currencies skidded on Wednesday, with the FBM KLCI almost close to the crucial 1,600 level in a broad selloff as the ringgit fell past the 4.000 level to the US dollar.

The ringgit ended at 4.0275 to the US dollar – weakest since 1998 -- while most Asian currencies fell after the unexpected depreciation of the yuan.

URL: http://www.thestar.com.my/Business/Busines...KLCI/?style=biz

CIMB GTF edges all time yesterday with NAV @ 0.8679

China devalued RMB again today:

The People's Bank of China set the yuan fixing at 6.3306 against the U.S. dollar on Wednesday, 1.6 percent weaker than the previous day's level.

URL: http://finance.yahoo.com/news/wall-street-...-093543936.html

Gold: Will Price Dip Below $1,000 If Fed Hikes Rates?

Five Factors that Could Drive Gold and Silver…Lower or Higher

Gold and silver prices have fallen considerably from their 2011 highs. Silver peaked at nearly $50 per ounce and now trades below $20. Gold topped out at about $1,900 an ounce and is currently close to $1,200. Both metals are not only trading far below their peaks, but also their inflation-adjusted highs set in 1980 (Figures 1 and 2). This gives a sense of the scale of their downside and upside potential.

Read more: http://www.cmegroup.com/education/featured...ikes-rates.html