2010-07-01
Market Report – Afternoon 1 July 2010
» Australian Retail Sales came in lower than expected at +0.2 (forecast +0.3%) and Building approvals a lot lower at -6.6% (forecast 0.0%)
» China's manufacturing sector fell for a second straight month in June as production activity and new orders growth softened.
» Business confidence among large Japanese manufacturers improved in June for the fifth consecutive quarter to its highest level in two years. Japan's exports and production continued to rise on the back of a recovering global economy.