Australian equities retreated on Monday despite hopes that the Fed will start new round of QE soon. Disappointing China's data coupled with lack of actions from the ECB weighted down on Australia's tocks. The S&P/ASX 200 Index lost 0.12% to end Monday's session at 4,221.5. Resources firms were mixed, with Interpid Miners falling by 9.09% and Aquila Resources gaining 11.56%. On the downside was CSL, declining by 0.35% after the company's head decided to leave the company in 2013 after 23 years of work. Oil and gas industry was the weakest within the index, tumbling by 0.81% amid lower crude oil prices .