China Commerce Ministry: Brexit will have short term effect on China

Headlines crossed the wires from China’s Commerce Ministry earlier on the day, noting that the Brexit decision is likely to have limited impact on the Chinese economy.

Key Headlines:

Brexit will have short term effect on China

No change to China's overseas invest direction

China supports EU integration

Jul 5, 2016

Australia: Retail Sales missed expectations and trade deficit deepens – TDS

Research Team at TDS, notes that Australia’s May Retail Sales at +0.2%/m missed expectations for a +0.3%/m rise and the prior month was also revised d

RBA on hold in July, opening the door to an August cut – ANZ

Felicity Emmett, Head of Australian Economics at ANZ, notes that the RBA left the cash rate unchanged at 1.75% and introduced a soft easing bias in it