China central bank plans no further monetary easing

Note: This section contains information in English only.
Source: Bloomberg

The PboC stated that the country's credit and money supply have grown quickly and notified it will abstain from further monetary easing to back up the economy. The IMF said last week China's dependence on debt and investment has caused "rising vulnerabilities" and the inability to change the growth pattern raises the possibility of rapid economic decline.  

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Mon, 04 Aug 2014 09:12:20 GMT

Aussie steady against the US Dollar after data

Following the release concerning the growth in Australian retail sales the Aussie held steady against the greenback. The data released showed that retail sales climbed by 0.6% in June, surpassing its 0.4% forecast. The pair hit 0.9330 during the Asian session and proceeded to consolidate at 0.9315. Against the Euro, the Australian Dollar also inched up to 1.4407.

Mon, 04 Aug 2014 08:50:12 GMT

China's non-manufacturing PMI falls to 6-month low

The Chinese PMI for the non-manufacturing sector was 54.2 in July falling from 55 the month prior. However, the general sentiment towards the economy is still positive as the number indicates further expansion and the manufacturing PMI has showed signs of delivering the long awaited rebound. The only worrying part for the Chinese economy now is the housing sector.

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