Bloomberg News: Interest Rates and Trade Front

bloomberg news: The Reserve Bank of Australia on Tuesday released minutes of their July meeting, which indicated a willingness to cut interest rates which are already at historic lows further if necessary, according to Market Watch. Members judged that a further reduction in the level of interest rates would support the necessary growth in employment and incomes, and promote stronger overall economic conditions, which would in turn support a gradual increase in underlying inflation, the RBA said in its minutes. On the trade front, U.S. Treasury Secretary Steve Mnuchin said Monday that he and U.S. Trade Representative Robert Lighthizer may travel to China soon for renewed trade negotiations if phone talks with Chinese officials this week are successful, Bloomberg News reported. Japan's Nikkei NIK, -1.97% fell 0.7%, as traders returned from a holiday Monday. Australia's S&P/ASX 200 XJO, -0.36% was about flat. Hong Kong's Hang Seng Index HSI, -0.54% edged down 0.1%, while the Shanghai Composite SHCOMP, -1.04% slipped 0.2%. South Korea's Kospi 180721, -0.31% was about flat, while benchmark indexes in Taiwan Y9999, -0.27% Singapore STI, -0.30% and Indonesia JAKIDX, 0.05% were little changed. (news.financializer.com). As reported in the news.