China's GDP growth better than expected

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Source: Marketwatch
GDP of the world's second largest economy grew at 7% in Q2 of 2015, therefore beating economist growth estimate of 6.8%. During the second quarter the growth slowed of almost every sector besides the financial sector. However, despite the positive data release the Shanghai Composite Index fell 3.2% to 3,799 points by 7:15 AM GMT, as investors and economists are worried about the slowdown in the global demand for Chinese goods. 
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Wed, 15 Jul 2015 10:31:06 GMT

Cables rises ahead of UK jobs figure

The Pound rose against the Greenback ahead of the UK jobs figure data release at 9:30 AM GMT. The British Pounds traded 0.16% higher to 1.5659 against the Dollar by 7:30 AM GMT, as jobless claims in June is forecasted to have decreased by 9,000, compared with 6,500 in May. Meanwhile, Tuesday's hawkish comments by the Bank of England suggested

Wed, 15 Jul 2015 07:49:17 GMT

Australian Dollar rises due to Chinese economy expansion

The Aussie posted a slight increase after hitting a six-year low, since the Chinese economy growth in the second quarter exceeding economists' expectations. According to the National Bureau of Statistics, China's GDP advanced 7% in the second quarter compared to the previous year. Therefore, the Australian Dollar added 0.2% to trade at 74.68 US cents after slipping to 73.72 cents

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