Plenty of data on the way from China today.
Expectations for Q2 GDP are running ahead of the government target:
- China’s economy likely grew faster than the government’s annual target in Q2
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.
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