The Traderszone Network

Growth in shadow banking in China is slowing due to coordinated government action, Moody’s said.

The People’s Bank of China refrains from OMOs again today (for the 9th day in a row).
– 90bn yuan matures today, thus it’s a net 90bn yuan drain
Over the past 11 sessions the PBOC has drained net 660bn yuan

This data point from ANZ is a summary of the price trends for New Zealand’s 17 main commodity exports
Up 24.6% y/y
IN NZD terms -1.6% m/m & + 20.1% y/y

more to come

If there was any confusion whether in addition to Moscow, Beijing was also behind Assad, today all doubts were laid to rest when both Russia and China called on all involved parties “to support the efforts of the OPCW and the United Nations in investigating the alleged use of chemical weapons in Syria,” according to a joint statement by Russian and Chinese leaders on the current international situation posted on Kremlin website on Tuesday, following a meeting between Putin and China’s president Xi Jinping.

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This from Bloomberg on a People’s Bank of China statement released Tuesday after a meeting of the advisory monetary-policy committee led by Governor Zhou Xiaochuan

The dollar slipped against the yen on Wednesday on concerns about rising tensions between the U.S. and North Korea.

Nikkei / Markit Japan PMI reports for June
The good result for the services sector is offset somewhat by a slide in manufacturing, reflected in a lower ‘composite’ on the month.