[PODCAST] EU Open Rundown 5th March 2019
05 Mar 2019, 06:51 by Newsquawk Desk
Asian stocks traded lacklustre following a disappointing lead from Wall Street. Mainland China maintained composure following the Chinese NPC announcement
China lowered its 2019 GDP growth target to the range of 6.0-6.5% from “around 6.5%” and maintained CPI target at 3.0%, both as expected, budget deficit for 2019 was set at 2.8% vs. 2.6% in 2018
The RBA left its Cash Rate unchanged at 1.50% as expected. The statement was relatively mixed but the last paragraph (often seen as the most important) remained...