to recognise the rising cost of living. they say the church can well afford it, with quote billions in the bank let me show you what happened in asia. that rate cut from the central bank of china hasn t given them much optimism stop investors hoping there would be more aggressive when it came to cutting rates to kick start domestic demand. it is came to cutting rates to kick-start domestic demand. came to cutting rates to kick-start domestic demand. it is contrary to what we are domestic demand. it is contrary to what we are seeing domestic demand. it is contrary to what we are seeing around - domestic demand. it is contrary to what we are seeing around the - domestic demand. it is contrary to i what we are seeing around the world where rates are rising to keep a lid of inflation. markets were done right across asia. europe has opened a little higher this morning, we will try to bring it those numbers are a little later. you can find me on twitter at ben thompson. see you la
Summary: The Asian session saw a significant swoon in risk sentiment for the first time in weeks as Chinese mainland markets sold off steeply after
China MLF decision and Indonesian trade are Asia's highlights on a quiet day for the G-7 as the US is on holiday. The JPY and JGBs remain in the sp