Gladiator Finance's Chinese Economic Update - 23rd October 2014

Oct. 23, 2014 - PRLog -- At Gladiator Finance our aim is to provide innovative, highly customised and bespoke solutions and advice that are infinitely more personal and independent than any offered by your bank or other financial advisory firm.

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Gladiator Finance's Chinese Economic Update - 23rd October 2014

As markets global remain volatile the latest news out of China appears to confirm a slowdown, albeit at a slower pace than many analysts thought.

The final HSBC/ Markit Flash PMI, the Manufacturers Purchasing Managers Index for September came in slightly above forecast at 50.4. Previously it was set at 50.2 with a prediction of 50.3 for its final result.

Many will see this as an indication of a slowdown despite any figure above 50 showing expansion.

This along with Factory Output close to a 5mth low saw the local indexes take a step back with both the Hang Seng and Shanghai Composite both posting losses in the region of 0.5%.

This comes as the Central Bank of China confirmed this week that they will be making available $32.5bn to midsized banks in an effort  to increase lending. The 3mth loans are seen as a way to bolster the economy from within and comes weeks after almost double the amount was made available to 5 or 6 of China's largest banks.

China has been seen as the economy that will drive the rest of the world with it. With expansion looking set to be in the region of 7.4% this year, many understand that the economy simply can't continue at that pace for the foreseeable future. What we will see is a leveling off and if the government is successful in turning its export driven economy to a domestic demand one, we can expect growth to slow down even  further.

Chinese Indexes - 23rd October 2014

Hang Seng - 23,295.60 (-0.46%)

Shanghai Comp - 2,306.08 (-0.88%)

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DISCLAIMER  The views, opinions, findings, and conclusions or recommendations expressed on this service are those of the author(s) and do not necessarily reflect the views of the Gladiator Finance. All market data within this release is for your general information and enjoys indicative status only. Gladiator Finance does not accept any responsibility for its accuracy or for any use to which it may be put. All share prices and market indexes delayed at least 15 minutes. 52 week high and low values are calculated from close price data.