Stocks tilt mainly lower after ADP disappoints

Date: Wed, 31 Mar 2010 12:01:01 -0400

STOCKS TILT MAINLY LOWER AFTER ADP DISAPPOINTS
U.S. stocks waver on the last trading day of the quarter after
private-sector jobs drop more than expected.

YUAN'S FAIR VALUE DEBATED INSIDE AND OUTSIDE CHINA
As Beijing offers contradictory views this week on whether to allow
its currency to appreciate, analysts also appear at odds over whether
the Chinese unit should move higher, with some saying the yuan might
even be undervalued.

CHINA'S PBOC MONETARY POLICY COMMITTEE EXPANDS
China's Cabinet appoints three economists to the People's Bank of
China monetary policy committee, raising the number of academics on
the committee as the country faces tough decisions concerning the
yuan's exchange rate and interest rates.

CHINA STOCK FUTURES TO GARNER GRADUAL INTEREST
The pending launch of stock-index futures in China next month will
enable mainland investors to make bigger bets on the direction of the
equity market, though the uptake is expected to be slow in the early
stages.