Plenty of data on the way from China today.
Expectations for Q2 GDP are running ahead of the government target:
Expectations for June month data are more mixed, steady for IP and Investment while retail sales are expected to drop back to a still healthy 5.6% y/y growth rate.
Equites in China are being underpinned by flows based on bets of improvement:
- Where are Sovereign Wealth Funds and Central Banks shifting funds to? China, USD
- Chinese President Xi Jinping’s war on deflation speeds up – “Anti – involution” policy
- ICYMI – China set to ramp up and broaden its fiscal support in the second half of the year
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
This article was written by Eamonn Sheridan at www.forexlive.com.