China's Wen Jiabao
Lower growth target
To 7.5% from 8%
First change in 7 yrs
Focus less on exports
Less foreign capital
Suggests more imports
More consumption
Good for NZ long run
Not so good short term
Copper prices fell 1.4%
Car sales down 3%
NZ$ down to 82 USc
US stocks down 0.6%
Euro stocks down 0.6%
European data weak
Greek debt deal doubts
Debt swap deal
70% plus haircut
75% agreement
By end of Thursday
Greece may force deal
Would trigger
CDS contracts
Focus on RBA
Decision this pm
Rates On hold
But still easing bias?
No comments:
Post a Comment