CHINA: BEFORE THE OPEN, 14Jun2013
June 14, 2013 Leave a comment
Chinese shares listed in New York step up 0.80% in overnight trading. The World Bank is the latest international body to cut China’s 2013 growth forecast, new home sales growth slows and the PBOC halts its repo program to relieve rate pressure. Here’s what you need to know before the open!
Zhou Xiaochuan, Governor of the People’s Bank of China has been a busy boy.
1. Chinese Shares Rally 0.8% in New York! Finally!
2. New house buying growth slows in first 5 months
3. China injects 92 bln yuan into banking system
4. PBOC Repo Program Halted to Ease Rates
5. Outbound investments exceed inbound funds
6. World Bank cuts growth forecast for China – again…
7. Yuan forwards drop most in 4 years
8. Trade Wars: Round Three – EU Steel Tubes!
9. China plans to scrap iron ore import licensing system in 2013
Headline Asia 