Morning Bid: China data deluge as EM turmoil deepens

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A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist.

As if that were not enough for Asian markets on Tuesday, minutes of the Reserve Bank of Australia's last policy meeting, Australian wage growth data, and second quarter GDP growth figures from Japan will also be released.

. Reuters polls of economists suggest annual growth in investment and industrial output will remain steady from June's levels, while retail sales growth will rise to 4.5% from 3.1%. The offshore yuan slumped on Monday to its lowest level this year, approaching the 7.30 per dollar mark, and the yuan's official onshore exchange rate is the weakest in a month.. A Reuters survey of economists says rates on the bank's medium-term policy loans will be left unchanged, although another round of notably weak economic indicators could shift the dial.U.S.-based hedge fundsChina's blue chip CSI 300 index slipped 0.7% on Monday, following Friday's 2.

Source: Financial Digest (financialdigest.net)

 

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