- Tuesday, 05 January 2016
- News
Aussie rebounding in an overnight trade
There were no data releases from Australia this morning. On Monday the Aussie’s decline came after the release of the Caixin/Markit China manufacturing index on Monday that showed that China’s factory activity contracted for a 10th straight month in December. The Caixin/Markit China Manufacturing Purchasing Managers' Index (PMI) showed that China's factory activity contracted for the 10th straight month in December, and at a sharper pace than in November.
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- Friday, 25 December 2015
- News
China's economy expected to grow by slackest pace since 1990
China's economy will grow at the slackest pace since 1990 next year, and the yuan will weaken by 4% against the dollar, economists in a Nikkei Inc./NQN survey predicted. Real gross domestic product is seen expanding 6.4% in 2016, the lowest since the year after the deadly Tiananmen Square protests, according to the average forecast of 22 economists responding to the recent write-in survey. China's next five-year plan aims for average growth of at least 6.5% from 2016 to 2020.
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- Wednesday, 09 December 2015
- News
China's CPI increased by 1.5%, PPI continues to fall
China's consumer inflation picked up slightly in November but remained well under the government's 2015 price target of 3% raising concerns that the world's no. 2 economy could be sucked into a Japan-style deflationary trap. The data has increased calls from some economists for more stimulus and interest rate cuts to spur growth and prices, even though the November consumer price index (CPI) surprised on the upside, rising 1.5% on-year from 1.3% in October. Economists had expected a 1.4% rise.
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- Tuesday, 08 December 2015
- News
China's exports slowed for a fifth month
Data on Tuesday showed China’s exports fell for a fifth month and a slump in imports extended to a record 13 months, clouding prospects for global growth. Trade Balance surplus amounted 343 billion yuan, missing forecasts on surplus of 400 billion yuan. Exports fell 3.7% y/y, also missing expectations on 2.9% decrease. On the other hand, imports fell 5.6%, beating predictions on decline by 11.3%.
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