AUSTRALIA DATA: Vacancies Appear To Be Stabilising
Vacancies in the 3-months to May (Q2) rose 2.9% q/q resulting in an improvement in the annual rate t...
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CHINA PRESS: Authorities Can Prioritise Capital Market To Boost Consumption
Authorities should boost consumption by prioritising resident’s capital market income given the limited potential for increasing wealth through real estate and wealth management products, according to Lian Ping, chief economist at Guangkai Industry Research Institute. In the current macroeconomic environment, wage growth and business income are unlikely to provide significant short- to medium-term support for consumption, Lian said, noting improvements to pensions and social security have only a stabilising effect.
CHINA PRESS: Moody's Unchanged Rating A Positive Reflection Of Chinese Economy
China's Ministry of Finance said Moody's decision to maintain the country's rating and outlook unchanged reflected China's positive economic prospects, Shanghai Securities News reported. New and existing policies will combine to support the nation’s high-quality economic development, following a strong start to the year, a statement on the ministry's website noted.
CHINA PRESS: Yuan May See Limited Appreciation - Analysts
The People’s Bank of China has taken a moderating approach to the yuan’s appreciation momentum rather than actively pushing for substantial gains, Yicai.com reported, citing market insiders' analysis. The yuan could fluctuate between 7.2-7.3 against the U.S. dollar in the next six-12 months, depending on export performance and trading firms’ forex settlement, the newspaper said, citing Zhu Haibin, chief China economist at JP Morgan.
