Thungen Financial 5th February 2015 - PBOC Cuts Rate Again

Thungen Financial is a financial management company for international investors and expatriates.
 
 
Feb. 5, 2015 - PRLog -- Thungen Financial is a financial management company for international investors and expatriates. Realise your investment goals with online access to Stocks, CFDs, Futures and Forex trading on 17 exchanges worldwide. Manage your money conveniently with our Multi-Currency Accounts. And take advantage of our 0% entry-fee investment funds.

Thungen Financial 5th February 2015 - PBOC Cuts Rate Again

After a weekend that many thought would see the Chinese Central Bank leave reserve rates alone, just a few days have gone by and they have announced a new rate cut.

Following on from Singapore and Australia who cut rates earlier in the week the PBOC lowered their rate by another 50 basis points in an attempt the get the bank's lending again.

The news saw positive reactions on Chinese markets, with the Hang Sent up over 1.5% and the Shanghai Composite up over 2.4%. They did settle down quickly though and have been relatively flat since the announcement as oil returns to declines after a two day run.

Chinese productivity will be the main data to look for as we enter their New Year period. There has been a slowdown of late and many are looking for a sign that things have picked up so far in 2015.

In other Asian news, Sony, the Japanese electrical firm rallied over 15% on news that its 4th quarter profits were the highest seen in 7 years. The company has faced serious problems lately, least of all an attack on their network that could have come from North Korea, yet the profits came from their hardware division which primarily deals in camera hardware, something Sony is well known for.

With their film and game console business making more trouble than money it is good to know that they still have the ability to pull it out of the bag and surprise investors once in a while.

For more information on the services provided by Thungen Financial please visit our website at www.thungenfinancial.com or contact us on info@thungenfinancial.com.

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 Thungen Financial Advisors. All market data within this release is for your general information and enjoys indicative status only. Thungen Financial Advisors 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.

Contact
Thungen Financial
***@thungenfinancial.com
End
Source:Thungen Financial PR
Email:***@thungenfinancial.com Email Verified
Tags:Www.tfprivateclients.com, Thungen Financial, PBOC Cuts Rates, Chinese Central Bank, China Economic News
Industry:Finance, Investment
Account Email Address Verified     Account Phone Number Verified     Disclaimer     Report Abuse
Thungen Financial PRs
Trending News
Most Viewed
Top Daily News



Like PRLog?
9K2K1K
Click to Share