SCOREBOARD: China defiance

Data from China and the US defied downbeat narratives, while today’s Reserve Bank meeting remains very much live.

Aussie stocks may have slumped yesterday, taking off 1.7 per cent from the index, but stocks in Asia (even in China), Europe and the US pushed higher. Not a great start, in Australia at least, to the new financial year and another symptom of this hit to confidence that has been wrought by the campaign to weaken the Australian dollar and lower rates. 

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