11 July 2012, 11:11  China: Hang Seng Index -0.4%

Chinese economic data is on the slate today, with loan growth figures expected to come out after markets close. On Tuesday, China released trade data where a higher trade surplus was interpreted as a sign that domestic demand is slowing down.
        The focus however is on the forthcoming growth data, out later in the week, which will be used to gauge the speed of China's economic slowdown. Investors are also looking ahead to the release of the minutes of the Federal Open Market Committee mid-June meeting, which could offer a clue on whether further monetary stimulus is on the way in the U.S.
        In a sign that risk sentiment is turning sour, the yields on 20-year Japanese government bonds dipped to 1.605% - the lowest level since June 4.
        In company news, retailer Seven & i Holdings, climbed 0.8% in Tokyo, hitting a multi-year high, as investors remained bullish on the convenience store operator after the company's recently released strong earnings.

© 1999-2024 Forex EuroClub
All rights reserved