• Subscribe
  • Log In
  • Home
  • Daily Diary
  • Asset Class
    • U.S. Equity
    • Fixed Income
    • Global Equity
    • Commodities
    • Currencies
  • Sector
    • Basic Materials
    • Consumer Discretionary
    • Consumer Staples
    • Energy
    • Financial Services
    • Healthcare
    • Industrials
    • Real Estate
    • Technology
    • Telecom Services
    • Transportation
    • Utilities
  • Latest
    • Articles
    • Video
    • Columnist Conversations
    • Best Ideas
    • Stock of the Day
  • Street Notes
  • Authors
    • Doug Kass
    • Bruce Kamich
    • Jim Cramer
    • Jim "Rev Shark" DePorre
    • Helene Meisler
    • Jonathan Heller
    • - See All -
  • Options
  • RMPIA
  • Switch Product
    • Action Alerts PLUS
    • Quant Ratings
    • Real Money
    • Real Money Pro
    • Retirement
    • Stocks Under $10
    • TheStreet
    • Top Stocks
    • Trifecta Stocks
  1. Home
  2. / Markets
  3. / China

Day Ahead: Watch China

What will China do to stabilize its economy?
By BRYAN ASHENBERG, CFA May 05, 2015 | 08:26 AM EDT
Stocks quotes in this article: ODP, EMR, TRW, ALLT, NBL, DTV, EL, S, DIS, ENR, K, ISIS, EA, GRPN, SCTY, ALL, HLF, DVN

Greece and China...China and Greece. Once again, investors are focused on the overseas action.

China's economic slowdown is of great concern, but more important is the expected Chinese response to continue and even accelerate its accommodative economic policies.

In Europe, the difficult negotiations in Greece continue to make investors uneasy as the International Monetary Fund and the country's negotiators continue to not be aligned on key pension and labor reforms.

It is notable though that European markets were trading higher this morning, perhaps out of fatigue with the ever-present aforementioned concerns, or driven higher by a positive economic forecast as the European commission bumped its forecast for the eurozone to 1.5% GDP growth in 2015, up from its previous call in February for 1.3% growth.

The dollar continued to strengthen against the euro this morning as the uncertainty continues to weigh on the single European currency.

In other overseas action, Australia's central bank cut its interest rates to 2% from 2.25% joining the parade of central banks continuing to take action to prop up their economies.

Some notable earnings reports expected today include: Office Depot (ODP), Emerson Electric (EMR), Growth Seeker's TRW Automotive (TRW) and Allot Communications (ALLT), Noble Energy (NBL), DirecTV (DTV), Estee Lauder (EL),  Sprint (S), Walt Disney (DIS), Energizer (ENR), Kellogg (K), Isis Pharmaceuticals (ISIS), Electronic Arts (EA), Groupon (GRPN), SolarCity (SCTY), Allstate (ALL), Herbalife (HLF) and Devon Energy (DVN).

Today's economic calendar includes the March Trade Balance at 8:30 a.m. with estimates calling for -$41.7billion, the Markit U.S. Composite final April PMI at 9:45, the April ISM Non-Manufacturing Composite at 10 a.m. with consensus at 56.2, and API weekly oil inventories at 4:30 p.m.

Happy trading!

Get an email alert each time I write an article for Real Money. Click the "+Follow" next to my byline to this article.

At the time of publication, Bryan Ashenberg had no positions in any of the securities mentioned.

TAGS: Investing | U.S. Equity | China | Markets | Stocks

More from China

I'm Intrigued by the Recent Pullback in Aurora Mobile

Timothy Collins
Feb 26, 2021 3:30 PM EST

While the Chinese company is still not profitable, it is cash flow positive.

Asian Shares Suffer Heaviest Selling in 9 Months

Alex Frew McMillan
Feb 26, 2021 7:49 AM EST

Stocks were down sharply and across the board in Asia, but absent any region-specific factors.

Tyme for Asia as HSBC and South African Online Bank Expand

Alex Frew McMillan
Feb 24, 2021 7:30 AM EST

Europe's biggest bank, HSBC, is in an impossible political situation, caught between London and Hong Kong. South Africa's TymeBank will have it easier expanding into the Philippines.

China 'Advises' Biden to Roll Back Trade Tariffs

Alex Frew McMillan
Feb 22, 2021 7:00 AM EST

China's foreign minister says the U.S. should get back to business under Biden, and forget about thorny issues like Taiwan.

Chinese Shares Look as Pricey as U.S. Markets as Both Reach Peaks

Alex Frew McMillan
Feb 19, 2021 9:00 AM EST

The equity markets in Shanghai and Shenzhen have broken above their record highs set in 2007, leaving U.S. and Chinese shares in uncharted territory.

Real Money's message boards are strictly for the open exchange of investment ideas among registered users. Any discussions or subjects off that topic or that do not promote this goal will be removed at the discretion of the site's moderators. Abusive, insensitive or threatening comments will not be tolerated and will be deleted. Thank you for your cooperation. If you have questions, please contact us here.

Email

CANCEL
SUBMIT

Email sent

Thank you, your email to has been sent successfully.

DONE

Oops!

We're sorry. There was a problem trying to send your email to .
Please contact customer support to let us know.

DONE

Please Join or Log In to Email Our Authors.

Email Real Money's Wall Street Pros for further analysis and insight

Already a Subscriber? Login

Columnist Conversation

  • 11:32 AM EST JAMES "REV SHARK" DEPORRE

    This Weekend on Real Money

    Navigating a Market Correction
  • 11:29 AM EST GARY BERMAN

    Where Does the Nasdaq Go From Here?

    Where does the Nasdaq Composite (CCMP) index go fr...
  • 12:31 PM EST GARY BERMAN

    Has the Short-Term Top Come for the XLF/Banks?

    The has triggered a long-term overbought signal ...
  • See More

COLUMNIST TWEETS

  • A Twitter List by realmoney
About Privacy Terms of Use

© 1996-2021 TheStreet, Inc., 225 Liberty Street, 27th Floor, New York, NY 10281

Need Help? Contact Customer Service

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data & Company fundamental data provided by FactSet. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by FactSet Digital Solutions Group.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

FactSet calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.

Compare Brokers

Please Join or Log In to manage and receive alerts.

Follow Real Money's Wall Street Pros to receive real-time investing alerts

Already a Subscriber? Login