update

European markets were trading in the green.

     European markets were trading in the green; Germany's DAX was down by 0.41%, France's CAC 40 was down by 0.04% and UK's FTSE 100 was down by 0.63%.

     The Asian markets concluded Monday’s trade mostly in green, with a gauge of regional equities rebounding after last week’s decline. A report last week showed China’s manufacturing expanded in July at the fastest pace in more than two years, signaling a pickup in economic growth is strengthening amid government support policies. However, growth in China’s services sector retreated slightly in July, an indication that buoyant growth among Chinese factories has yet to fully filter through to the services industry. The official Purchasing Managers’ Index (PMI) for the non-manufacturing sector slowed to 54.2 in July from June’s 55. The survey showed a sub-index for business expectations rose to 63.9 last month from June's 62.9.

     The People’s Bank of China warned that the country’s credit and money supply have increased rapidly and indicated that it will refrain from broader monetary easing to support growth. The PBOC stated in its second-quarter monetary policy report on August 1 that the total debt level has been rising relatively quickly. Japan’s Monetary Base rose to 42.7%, from 42.6% in the preceding month. Thai CPI fell to a seasonally adjusted annual rate of 2.16%, from 2.35% in the preceding month.