THE MARKETS CLOSED DOWN TODAY ... AFTER CHINA RELEASED SOME STRONGER THAN EXPECTED INFLATION DATA...

ANALYSTS BELIEVE ITS LIKELY TO BRING TO AN END ANY MORE STIMULUS FROM THE CHINESE GOVERNMENT..

THAT WEIGHED ON THE LOCAL MARKET

THE ASX 200 GAVE UP A THIRD OF A PER CENT LED BY MINING STOCKS

THE NIKKEI IS THE STRONGEST PERFORMER UP ONE-POINT-SIX PER CENT ... BUOYED BY JAPANS GOVERNMENT APRROVING A TWO-HUNDRED-BILLION DOLLAR STIMULUS PACKAGE.

COMMODITIES TRADE HAS BEEN FAIRLY LACKLUSTRE...

GOLD EDGING DOWN...

THE AUSTRALIAN DOLLAR IS AROUND 105 AND A HALF US CENTS.

A WEAK ECONOMIC OUTLOOK HAS LED NATIONAL AUSTRALIA BANK TO SLASH IT'S INTEREST RATE FORECAST FOR THIS YEAR...

NAB PREDICTS THE RESERVE BANK WILL START CUTTING IN MARCH.

WITH THE CASH RATE HITTING TWO-AND-A-QUARTER PER CENT BY THE END OF SEPTEMBER

NAB CAPITAL CHIEF ECONOMIST ROB HENDERSON SAYS THE ECONOMY IS STRUGGLING.

AMERICAN EXPRESS SAYS ITS CUTTING OVER FIVE-THOUSAND JOBS WORLDWIDE THIS YEAR

IT SAYS THE MAJORITY OF THE JOB LOSSES WILL BE IN ITS TRAVEL BUSINESS, WHICH IS BEING REINVENTED AS A RESULT OF DIGITAL CHANGES.

IT ALSO SAYS PROFITS ARE UNDER PRESSURE AFTER IT HAD TO PAY OVER HALF A BILLION DOLLARS IN AFTER-TAX CHARGES IN THE FOURTH QUARTER LAST YEAR.

 

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