Australian shares trimmed losses on
Monday after China reported its economy grew at its weakest pace
in nearly three decades,
reinforcing expectations its government will roll out more
China's central bank on Monday
lent 200 billion yuan to financial to financial institutions via
its one-year medium-term lending facility (MLF), with the
interest rate unchanged, it said in a statement.
The Federal Reserve may launch a policy
tool to lend to banks using Treasuries and other securities as
collateral in early 2020, with possible testing to begin later
this year, a Deutsche Bank strategist said.