China recovery and regulation
China reports manufacturing growth
China's manufacturing sector expanded in October for the eighth straight month, according to a survey by the China Federation of Logistics and Purchasing.
The Associated Press said the industry group's purchasing managers index rose to 55.2, nearly a full point higher than the previous month. Numbers above 50 indicate positive growth in manufacturing activity.
China plans container freight derivatives
On the heels of new regulations requiring container carriers to file information about freight rates with the Shanghai Shipping Exchange, and revisions of its Shanghai (Export) Containerized Freight Index (SCFI), the exchange apparently plans for trading derivatives on the index.
The new SCFI was launched Oct. 16, replacing the original index published by the exchange in 2005.