Weekly Global Financial News (June 30 – July 06)

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South Korea Agrees Won-Yuan Trading Link, RQFII Quota With China, By Bloomberg, Published: Jul 3
http://bloom.bg/1rEPGwS
South Korea and China will introduce direct trading between the won and the yuan in Seoul under agreements between the two nations’ leaders. South Korea also won an 80 billion yuan ($12.9 billion) quota for domestic investors to buy securities in China under the Renminbi Qualified Foreign Institutional Investor program. The changes is expected to draw synergy in boosting financial transactions between the two nations

Chinese developers muscle in on Hong Kong as mainland market slows, By Reuters, Published: Jul 1
http://reut.rs/1lM42DF
Chinese developers are moving aggressively into Hong Kong as concerns over policy uncertainty and falling property prices on the main land grow.

Chance grows that Bank of England will hike interest rates this year: Reuters poll. By Reuters, Published: Jul 3
http://reut.rs/1pTdaPc
Forecasts suggest that The Bank of England is likely to raise interest rates early next year.

Euro zone inflationary pressures at 25-month high: ECRI, By Reuters, Published: Jul 3
http://reut.rs/1pTdaPc
Inflationary pressures in the euro zone have reached a 25 month high, suggesting the European Central Bank’s loose monetary policy may reduce deflation risks. Last month, the ECB launched some measures to fight against deflation threats.

Fed seen raising interest rates in June 2015, By Reuters, Published: Jul 3
http://reut.rs/Vx3jkg
Markets see almost half of chance of a first Fed rate hike in June 2015.

ECB’s Coeure says only productivity growth will end low rates, By Reuters, Published: Jul 4
http://reut.rs/1jepHKd
ECB Coesure expressed concern over low interest rates easing pressure on euro zone governments, and underlines productivity gain with continuing reforms and budget consolidation as the only way to move from current low interest rates.

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