Manufacturing activity on the mainland hit a five-month high in May, but overall growth still contracted slightly in a suggestion that the outlook remains murky. HSBC’s Purchasing Managers’ Index recovered to 49.7 in May from April’s final reading of 48.1. But the data is a touch below the 50-point level that separates a monthly growth […]

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China’s exports and imports both unexpectedly rose in April — albeit by a small margin. Exports rose 0.9 percent from a year ago, following a contraction of 6.6 percent in March. Imports increased 0.8 percent in April, leaving a trade surplus of US$18.46 billion for the month. The data was a stark contrast to market expectation […]

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With quite a few data releases out during the London session last night there were no significant movements overnight The RBA yesterday kept its record low interest rates on hold at 2.5% this rates have remained on hold now for 10 months in a row. With a pickup in housing & a strong employment balancing […]

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The AUD dipped in Mondays trading, leaving it looking vulnerable this morning before a day of big data releases. Chinese manufacturing numbers, Australian Retail Sales, the domestic Interest Rate decision and accompanying statement all have the potential to move the market significantly in either direction. Recent data lends it hand to a downward bias, but […]

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The Australian Share market lost ground last week as the iron ore price continued lower, eventually closing 12% down for the month. The ASX200 is forecasted to experience some further drops this week with other commodities prices losing some ground of the back end last week. We saw another strong week of growth in US […]

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