The Traderszone Network

NY Fed head still speaking in China at PBOC symposium
– weakening inflation expectations are a concern
– one month of inflation doesn’t make a trend
– China doing a good job pointing growth toward consumption
Given that the fwd guidance by Fed and BOE amongst others has been rubbish thus far those last comments are a bit rich.

Squawk Box Live in Europe is tracking market reaction after a survey showed China’s manufacturing sector shrank more than expected in February.

A new day and a new month so what’s on the data calendar?
Happy St David’s Day to all our Welsh readers.
A busy calendar to kick off the new month with PMIs dominating the landscape.

Latest Australian data now out
– prev revised up from -25.8%
– AUD 73.2 vs 71.7
Headline still very much in negative territory but moving in the right direction at least.

By EconMatters

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Japanese PM on the wires still
– stock market moves are a factor in deciding any delay introducing sales tax
Abe repeating previous intentions/rhetoric.
– is a fact that BOJ easing corrected yen’s strength

Issuers of China’a so-called Panda bonds must provide financial statements drawn up under IFRS, which is causing unexpected side effects.