Chinese GDP
Intensifying Equity Correction and Much Fresh Data to Absorb
January 17, 2024
The optimistic investor mood of late 2023 has evaporated. Hawkish central banker-speak has quelled hopes for an early start to the unwinding of tight monetary policy stances, and markets are also concerned about China’s economic performance, Former President Trump’s reelection prospects, and the risks of a full-blown multi-front war in the Middle East and rising […] More
Chinese Data Fail to Dispel Concerns about World’s Second Largest Economy
July 17, 2023
Although mixed relative to analyst expectations, a large batch of Chinese economic data released today signals a need for additional fiscal and monetary policy support if the Xi government’s 5% growth target is to be met. Real GDP expanded at a 0.8% quarterly pace last quarter, which was just of a third as strong as […] More
Some Surprises But Not All in Same Direction
April 18, 2023
Chinese data reported this Tuesday exceeded expectations, but officials cautioned that solid recovery isn’t yet firmly entrenched. Real GDP last quarter rose 2.2% on quarter, and the prior quarter’s change was revised to an increase of 0.6% from the earlier estimated zero percent quarterly growth rate. Year-on-year growth of 4.5% in 1Q was up from […] More
China Reports Economic News; U.S. MLK Birthday Holiday Squelches Market Response
January 17, 2022
The U.S. observance of Martin Luther King Jr.’s birthday points to light market trading volume this Monday and will limit any immediate reaction to the release of Chinese data covering fourth-quarter GDP and capacity usage, December retail sales, industrial production, property prices, fixed asset investment, unemployment or the first interest rate cut by the People’s […] More
Investors React to Global Inflation and Slower Growth in China
October 18, 2021
The third week of October commenced with sharply higher long-term interest rates, a strengthening dollar, and a setback in equities. The rising price of West Texas Intermediate crude oil touched its highest level in the past 52 weeks and is currently showing a 1.6% advance from Friday’s closing level. Bitcoins cost over $60,000 and are […] More
Watching China and Central Banks
July 15, 2021
The U.S. dollar edged slightly higher overnight, with gains of 0.4% against the Australian and New Zealand currencies, 0.3% versus the euro, and 0.1% relative to the Swiss franc, loonie, and DXY weighted index. Alternatively, the dollar slipped 0.2% against the Chinese yuan and 0.1% versus sterling, while dollar/yen stayed steady. Share prices had climbed […] More
Chinese Data, MLK Day and First Central Bank Rate Change of 2021
January 18, 2021
Financial markets this Monday will lack U.S. leadership due to the observance of MLK Day. In the wake of aroused racial strains that culminated in the 1/6 domestic terrorism attack on the nation’s capitol, there is extra poignancy to this year’s observance and uneasiness that more violence may mar this day. The National Bank of […] More
Chinese Data Dominate Monday Newswire
October 19, 2020
Chinese real GDP expanded at a solid, albeit less-than-forecast 2.7%, rate in the third quarter, supported by strengthening exports, consumption and business expenditures. This lifted the year-on-year growth rate to 4.9% from 3.2% in 2Q and negative 6.8% in 1Q when many activities were locked down. Chinese industrial production and retail sales in September were […] More
Covid-19 Is in Control Rather than Being Under Control
July 16, 2020
The best laid plans of mice and men…. Governments want to reopen economic activity, but a rising curve of new coronavirus cases both around the world and in the United States is setting other imperatives. Over the past 24 hours, there were 230.3k cases world wide, including a record 71.7k in the United States, where […] More
Brexit Headed for Photo Finnish and a Lot of Chinese Data Released
October 18, 2019
A debate and vote on British Prime Minister Johnson’s deal with the EU is scheduled Saturday. He needs 318 yes votes for approval, and the outcome figures to be very close to that threshold. Johnson needs only a simple majority win. In a more perfectly designed political system of self-governance, a decision with such profound […] More
