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Tuesday, 19 January 2016
News

Chinese GDP grew by the slowest growth rate since 2009

Chinese GDP is out, and it’s right in line with expectations at 6.8% annualised for the December quarter. Despite meeting forecasts, it was the slowest growth rate since the first quarter of 2009. Full-year growth was 6.9%, roughly in line with the government’s target of 7.0% for the year. It was the slowest annual expansion recorded since 1990. According to China’s National Bureau of Statistics, the preliminary estimate for GDP was 67,670.8 billion yuan, or around $10,300 billion, for the year.
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Tuesday, 12 January 2016
News

Crude oil prices down to fresh 12-year low

The price of oil plunged overnight to a fresh 12-year low. US West Texas crude fell $1.50 to $US31.37 a barrel - its lowest level since December 2003. The global benchmark Brent price slumped 6.6 per cent to $US31.31 a barrel. The falls extended this year's 15 per cent slide, in little more than a week of trade. Traders are betting the world's second largest consumer of oil China will demand much less of the commodity in 2016. Read more...
Tuesday, 12 January 2016
News

Aussie lower in a quiet overnight trade

There were no data releases from Australia this morning, with focus remaining on China. Much of the recent weakness came after Beijing set erratic guidance for the yuan and further confused international investors by first introducing and then swiftly scrapping a 'circuit trigger' rule on its share markets, leading many observers to question its grasp on financial markets.
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Wednesday, 06 January 2016
News

Oil prices down on concerns of growth in China and a stronger USD

Crude oil tumbled almost a buck on Tuesday to trade at 35.86 as global overstock outweighed tensions in the Middle East as more and more nations side with Saudi Arabia and severe diplomatic ties with Iran. Brent oil matched WTI’s slide to trade at 36.32. Rising tensions in the Middle East typically trigger a knee-jerk increase in the price of oil. But these are not typical times for the oil market. With several factors already weighing on the price of oil, increasing frictions in this historically tumultuous region are poised to counter-intuitively exacerbate the negative outlook for oil. Read more...

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