Reading: China’s Exports to Germany

In today’s Wall Street Journal, Ian Johnson says more Chinese IPOs are going to European stock exchanges. “In a sign of China’s broadening economic relations overseas, these companies are looking to markets such as Frankfurt, the German financial capital, to take advantage of business ties or to boost their brands in Europe,” he writes.

In Bloomberg, William Pesek writes of the euphoria in Dubai over $100 oil, even if they’re celebrating quietly. “This silent party is unique for another reason: The hangover may already be under way even before the merrymaking reaches a fever pitch,” he writes. “As petrodollars fill government coffers and create new billionaires, inflation is becoming a worrisome side effect.”

Even those homeowners with good credit and prime mortgages have something to worry about, writes Chuck Jaffe in today’s MarketWatch.com, also published by Dow Jones, which publishes the Wall Street Journal. “With property values dropping in many areas of the country, a growing number of homeowners — particularly those who bought their house in the last five years — are looking at the prospect of being ‘underwater’ on the mortgage,” he writes. “That’s when the value of the home is less than the amount remaining on the loan used to buy it.”