Mr William Landers, manager of BlackRock Inc's Latin America Fund, talks about the firm's holding of Vale SA and the investment environment in Latin America. Mr Landers speaks with Mr Stephanie Ruhle and Mr Erik Schatzker on Bloomberg Television's Market Makers.

China's manufacturing may be contracting at a faster pace this month, a purchasing managers' index by HSBC Holdings Plc and Markit Economics showed, signaling more monetary and fiscal stimulus is needed to secure a second half rebound in economic growth. The world's second largest economy may slow for a seventh straight quarter after new loans in July 2012 and export growth missed estimates. Deutsche Bank AG, Bank of America Corporation and Morgan Stanley cut their growth forecasts for 2012.

Mr David Lennox, a resources analyst at Fat Prophets in Sydney, said that "The market is just watching for China to base out. If we can't see the rate of decline in China's growth stop and level out, there’s potential for more downside."

People's Bank of China Governor Mr Zhou Xiaochuan said on August 22nd 2012 that adjustments to rates and bank reserve requirements can't be ruled out. Premier Mr Wen Jiabao said last week that easing inflation allowed more room to adjust monetary policy.

According to customs, China's iron ore imports fell 0.8% to 57.87 million tonnes in July 2012, the lowest since April 2012. Steel product exports were 4.32 million tonnes in July 2012, 17% MoM lower than a month earlier.

Source - Bloomberg

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