The Shenzhen Metro is one of the largest in China. Currently the system has six lines covering 140 miles with 132 stations. To put this in perspective, the world’s largest subway system, the New York Subway has 469 stations and the second largest metro in Shanghai has 364 stations.
The subway map of Shenzen Metro is shown below:
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Source: China Highlights
Earlier: Hong Kong Metro Map
The FTSE 100 closed at 7,097.50 – a new record high for this year today. Rising oil prices and a recovery in commodity producers this year has propelled the benchmark index to record levels.
With the index at such levels, some investors may be wondering if there is any value left in UK stocks. According to a report by Schroder’s, based on the P/E ratio British stocks are valued but they are undervalued based on the cyclically-adjusted PE or CAPE ratio.
The current P/E of 22 is much higher than the long-term average of 15. But the CAP measure shows UK stocks are cheap since the ratio is 15.6 compared to the long-term average of 204.
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Source: Why is the FTSE 100 near all-time highs – and can it go higher? by David Brett, Schroder’s
Investors looking to explore British stocks trading on the US markets can check out the list here.
Argentina is the second largest economy in South America after Brazil. In 2014, the GDP about $545 billion according to the IMF.
Argentina is one of the largest exporter of food and agricultural products such as beef, soybean, sunflower seeds, etc.
The GDP of Argentina by sector is shown below:
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Source: Unconventional Gas in Argentina: Will it become a Game Changer? by Ieda Gomes & Roberto Brandt, The Oxford Institute of Energy Studies
Agriculture and industry accounts for about one-third of the economy. The services sector accounts for the reminder of the economy.