China leading index rises in July

Source: RTTNews
China's leading index increased in July, showing a strong climb in loans, the Conference Board reported on Thursday. The index improved 0.7% in July from stagnation in previous month, government loans were the main driver, boosting banks to finance infrastructure investment. The coincident economic index rose 0.8%, after a 0.9% surge in June.
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Thu, 23 Aug 2012 13:01:53 GMT

Euro gains on central bank stimulus expectations

The Euro surged to an almost seven-week high after belief China and the U.S. will post monetary easing fueled demand for better-performing currencies. The 17-nation currency advanced versus the Yen before Germany and France meeting today. On Thursday, the Euro rose 0.2% to $1.2549, after touching $1.2572, the highest since July 4. The Euro surged 0.2% to 98.66 Yen.

Thu, 23 Aug 2012 15:08:34 GMT

Inflation in South Africa decelerated strongly in July

The inflation in South Africa slowed more-than-expected in July, and speculations grew that nation's policy makers may cut the benchmark interest rate already for a second time in this year. The South African inflation rate reached a fourteen-month low, at a 4.9 per cent level, down from 5.5 per cent in the previous month.

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