Asian markets mixed, with China 1.25% lower despite comments from China’s premier Wen Jiabao that the government will do more to support economic growth. Elsewhere in the region, Japan is closed today, and Moody’s says Australia State ratings face negative pressure and may see negative rating action in the near term, the rating agency also maintained Indonesia’s stable outlook and BAA3 rating, given the stability of the banking system. Indian inflation data for June just released at 7.25% versus a consensus of 7.6%.

Posted by Philip Ball | Sales and Trading