China’s economy may dominate global market considerations from the start of the week onward
China's economy may dominate global market considerations from the start of the week onward. The country releases Q3 GDP growth into the Asian market open on Monday. Obviously markets trade on it, but the aftermath will …
China's economy may dominate global market considerations from the start of the week onward. The country releases Q3 GDP growth into the Asian market open on Monday. Obviously markets trade on it, but the aftermath will bring out the usual cacophony of critics who say the figures are not to be trusted. Every country's GDP figures are best interpreted with a pile of salt. Witness the evolution of US quarterly growth prints from the initial to fully revised estimates that can deviate several percentage points from one another.
Regardless, consensus thinks China's Q3 growth print slowed to 6.8% y/y from 7% in each of the first two quarters of this year. The highest estimate is 6.9% and the lowest is 6.4% at the time of writing. Recall that ahead of the 7% print for Q2, consensus had also incorrectly thought growth slowed to 6.8%.
Gold prices edged lower on Monday as stronger-than-expected U.S. nonfarm payrolls data dampened hopes for aggressive Federal Reserve rate cuts, bolstering the dollar. Spot gold slipped 0.1% to $2,686.32 an ounce, while F…
On-chain data shows BTC whales moved 10000 BTC from Crypto exchanges. This indicate accumulation of BTC by whales. Japanese public company Metaplanet buys another 1 billion yen worth of Bitcoin. According to Santiment, t…
Personal income increased by 0.2% month over month In August, which was less than the 0.4% market forecast and less than the 0.3% growth in July. For the third consecutive month, real personal disposable income increased…
