Wrathall: Investors are Sitting on Their Hands

Jeremy Wrathall, managing director of Salamanca Resources, discusses the outlook for metals, the South African mining crisis and the Greek economy. He appeared on Bloomberg Television's "City Central" on October 16.
China’s Official Factory Gauge Shrinks
26:55 - 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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