China's money supply slowed to 12,8% yoy in August; a weaker dynamic than the previous month when the increase was 13,5%. The data, anticipated by the prime minister, has worried investors, who always fear - but the fear has so far been denied - that the slowdown could lead to a course. A percentage of 12,8% is still higher than nominal GDP growth, a sign that monetary conditions remain permissive. The MSCI Asia Pacific regional index is however closing with a loss of 0,8%. The Nikkei has not fallen, and takes comfort in a yen that continues near yesterday's weak levels (106,4).
The Australian dollar is finally falling, pleasing the central bank who, along with many economists, want a weaker dollar: the next opportunity was another reduction in the price of iron ore, which made Goldman Sachs say that the end of the “Iron Age” is approaching. The US dollar, while remaining at high levels, fell against the euro; the single currency regained 1,29 (1,292 in early Japanese afternoon). Gold remains at yesterday's low levels: 1258 $/ounce and oil, despite the reduction in stocks in America, does not deviate from the weak levels of the past (92.8 $/b). Equity futures on London and New York are slightly negative.
