The big news over the weekend was from the Far East, predominately from Japan and China and deeply contrasting data. With the Japanese Governments push on the economy and fiscal polices designed to drive growth the markets expected to see some improvement of 3.6% but they came in at 2.6%. This has cast doubts over the governments plans.
On the plus side China, whose economy many had been predicting would continue to falter produced better than expected factory outputs, 9.7% v the 8.9% analysts had been expecting. This has had an impact on those countries who rely on commodity exports.
Further west India’s government is stepping up its efforts to shore up the Rupee after it falling nearly 12% this year.
