Two
events created volatility in the financial markets last week. The first was the
release of the U.S. Federal Reserve minutes for its July meeting. The second
was the release of a weak report on Chinese manufacturing data.
Crude
oil broke the psychological $40 level plunging $1.23 in the morning session
with WTI touching 39.22 getting no support on from the declining US
dollar.
CHINA
ECONOMY:
To
bolster the Chinese economy, the People's Bank of China is preparing to flood
the banking system with liquidity to boost lending, the Wall Street Journal
reported, citing officials and advisers to the central bank it didn't identify.
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