Chinese industrial output sees slower growth

Source: Bloomberg
China's industrial and fixed-asset investment growth was lower, which could add to the worries about its economic recovery. With the industrial output growing 9.0% year-on-year in July and fixed-asset investment increasing 17% there could be increased growth risk as the property sector and loans are still worrying. Meanwhile, the Shanghai Composite Index was 0.4% lower after the data.
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Wed, 13 Aug 2014 10:10:08 GMT

Euro sits near 9-month low versus the Dollar

The common currency remained steady versus the US Dollar just above its lowest level in nine months. Traders are still cautious while they focus on Euro zone's data regarding inflation and economic growth, due to be released on Thursday. The Euro traded at 1.3371 against the US Dollar, close to its lowest level in nine months at 1.3332.

Wed, 13 Aug 2014 07:31:10 GMT

Japanese GDP contracts the most since 2011

Japan's economy shrunk by the largest amount since the 2011 earthquake as spending dropped after the sales-tax increase in April. The country's GDP lost an annualized 6.8% in this year's second quarter as household consumption plunged at an annual rate of 19.2% and private investment at 9.7%. Furthermore, the Japanese government plans to raise the tax even further if the GDP recovers.

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