The Intelligence Layer Beyond Your Own Book

Some weak Chinese economic data overnight has increased the expectation of the pace of fiscal and monetary policy to come.

Stocks had a poor night, the Nikkei is down -1.6% as is the Hang Seng and there is a Risk Off atmosphere going into month end.

Overnight we have had CPI data from Australia, coming in at 3.6%, above the 3.4% forecasted. The previous reading was 3.5%, with increasing rent, alcohol and transport prices behind the increase.