Shortcovering helped lift the dollar to a one-week high against the yen on Tuesday after China growth data was not as bad as many feared, while the euro remained under pressure ahead of possible easing steps by the European Central Bank as early as this week
China's economy grew at its slowest pace in 24 years in 2014 as a cooling property market weighed on demand and is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn. China's economy grew 7.4 percent in 2014, official data showed on Tuesday, barely missing its official 7.5 percent target but the slowest since 1990
In China, financial shares were slugged as Beijing cracked down on credit products that have been blamed for fuelling excessive market speculation over the past three months. MSCI's broadest index of Asia-Pacific shares outside Japan erased early gains to be down 0.1 percent, even as markets across much of the region edged higher.
sORRY No, 1 of my goals for 2015 is to try twitter. I am a big gamer, online, thus not scared of online thingies. But have not used twitter or facebook, have no idea how it actually works.
Asian shares stumbled on Friday and the dollar skidded against the safe-haven yen, after Switzerland's unexpected move to abandon its currency cap jolted markets already roiled by plunging commodities prices
Shareholders are advised that Coronation’s updated figure for Assets under Management (AUM) as at 31 December 2014 will be available on the Shareholder Information section of www.coronation.com within an hour of this release.
This is done for each calendar quarter end.
Cape Town 15 January 2015
Assets under management as at 31 December 2014 total R604 billion