daytraders after market lounge 16th july

Good Afternoon all :-)

Just a couple of trades, thanks Harry

Approx ending
XAO: + 3.00
XJO: + 4.90
Dow Futures: - 2.00
igmarkets.com.au


Snippet:
The local and global impact of China

"Firstly, China is changing the composition of its growth, by boosting the level of domestic consumption (which is extremely low by developed market standards), whilst lowering the level of investment and export-led growth. It’s now all about the quality and sustainability of growth going forward, as opposed to the blockbuster 10% growth we’ve seen over recent years. Since the Li-Keqiang led government has taken to power, the market believes there are three main pillars of which policy will be based on – no stimulus, deleveraging and structural reform.

Deleveraging and reform within the banking sector have been the most pronounced in terms of causing concern in the capital markets. The interbank market (we look at the seven-day repo) has traded in a recent range of 28% to 3%, although it has settled down nicely in recent times as the PBOC has assisted with liquidity injections. With total credit in China (including off balance sheet loans) reaching 198% of GDP and M2 money supply running at 15.8% (relative to the PBOC’s own target of 13%), the supply of credit is huge and it’s something that is being addressed in a relatively aggressive fashion. The shadow banking committee has largely been behind this expansion of credit, and although the name ‘shadow banking’ conjures up sinister images, these institutions exist in most economies, especially where rates are low and policy is accommodative." etc etc

Source: China is slowing down; the authorities and central bank have detailed this on multiple occasions.


Sleep well
Trees