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BOND SUMMARY

EU data beat. Attention turns to US inflation

FOREX

Greenback Lower for a Fifth Session

EURIBOR

EURIBOR FIX

ITALY DATA

Italian Inflation Edged Higher in Jun

EUROZONE DATA

EZ Flash Inflation Ticked Up in Jul

     BEIJING (MNI) - China will pursue larger-scale tax and fee cuts to
stimulate growth, but will "resolutely" oppose quantitative easing, Xinhua News
Agency reported Friday citing Premier Li Keqiang. 
     Li repeated that China won't open the credit floodgate, according to
Xinhua's report on the premier, who spoke at the "1+6" roundtable with world
leaders including the World Bank and IMF. 
     Acknowledging the increasing difficulty of stabilizing growth, Li said
China is confident achieving its economic goals set earlier in the year,
according to Xinhua. 
     China will maintain the continuity and stability of its macroeconomic
policies, utilize countercyclical tools, prioritize employment and further
implement policies opening up its financial sectors, Li said according to
Xinhua.  
[TOPICS: M$A$$$,M$Q$$$,MC$$$$,MI$$$$,MGQ$$$]