A strong June quarter growth outcome has seen Morgan Stanley lift its growth forecasts for China, the broker taking the view the domestic economy will provide support until exports recover.
China’s sudden surge in economic growth has been welcomed as a path out of the GFC woods. But could it prove an overstimulated bubble?
Earnings, data and the Fed all conspired last night to spark a 3% rally on Wall Street. Dow up 250.
Westpac has updated its economic outlook for Australia and the other major economies, its numbers suggesting a return to modest growth next year everywhere bar Europe.
Few economists disagree that, ultimately, the US dollar is in a downtrend. But unlike previous dollar declines, this time it is emerging markets against which the dollar is overvalued.
Wall Street halted its switch back into defensive mode last night as investors squared up ahead of more earnings results. Dow up 4. (Locked for subsrcibers until 10:00 AEST)
Korea has indicated its intention to significantly increase its gold reserves as India joins the dollar-diversification drive.
Weekly musings from your editor. What is really pushing up prices of commodities?
China has taken the first step towards allowing foreign cross-border flows of its currency. A first step towards a new global reserve currency?
Healthy economic data allowed Wall Street to open the quarter on a positive note. Dow up 57. (Locked for subscribers until 10:00 AEST)