Fed Will Probably End QE by March 2014, Oster Says

May 20 (Bloomberg) -- Alan Oster, chief economist at National Australia Bank Ltd., talks about Federal Reserve monetary policy and its implications for global financial markets. Oster also discusses the outlook for Japan and China's economies. He speaks in Hong Kong with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
China’s Official Factory Gauge Shrinks
34:54 - China’s Purchasing Managers’ Index fell to the lowest reading in three years as monetary easing failed to revive old growth drivers weighed by overcapacity and sliding prices. The figure was 49.7 for August, matching the median estimate in a Bloomberg survey and down from 50 in July. Meanwhile, Australia left interest rates unchanged as a declining currency cushions the impact of lower commodity prices and a weaker outlook for its key trading partner.
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