Asian stocks mostly dropped in early trading Friday after China’s third-quarter GDP growth came in below expectations, though Chinese stocks bounced back into positive territory. Stocks in mainland China initially fell about 1% after the report, but boomeranged to gains as trading continued. The Shanghai SHCOMP, +0.34%  was last up 0.5% and the smaller-cap Shenzhen Composite 399106, +0.46%   was up 0.6%. China’s gross domestic product grew 6.5% from the same quarter a year earlier,
TGIF China GDP The markets continue to shudder as political turbulence ferments, key tier one China data was just released which will offer little solace to risk sentiment as the GDP is 0.1% lower than what was expected by markets. Well, it doesn’t come as much of a surprise Chinas economy is losing steam, but there are worrying sings beyond the tariff effect that are more concerning. Specifically, that on year on year basis industrial
Shanghai Composite (SSE) dropped 1 percent at the open but quickly turned higher on a coordinated show of assurance fro regulators. The momentum studies – 5-,10-, and 21-day EMAs – are still trending south, indicating a bearish setup. Chinese stocks are flashing green at press time on the back of coordinated assurance from regulators. The Shanghai Composite is currently trading at 2500, having gapped lower at 2460 earlier today. Liu Shiyu, Chairman of the China Securities
TALKING POINTS – CHINA, GDP, AUSTRALIAN DOLLAR, TRADE WARS China’s GDP growth rate fell to 6.5% vs 6.6% forecast Australian Dollar as well as local 2-year bond yields fell Trade war with the US may be hurting economic growth Trade all the major global economic data live and interactive at the DailyFX Webinars. We’d love for you to join! The Australian Dollar and local 2-year bond yields fell as news of China’s disappointing GDP data
The US government’s semiannual currency report published Wednesday did not suggest Japanese foreign-exchange policy was inappropriate and that it would not restrict Japan’s currency management, Finance Minister Taro Aso said on Friday, according to Reuters. The US.. Treasury Department, which publishes the currency report, said it was keeping Japan, along with China, India, Germany, South Korea, and Switzerland, on a monitoring list for extra scrutiny on currency policy. 
Amid a global outcry over the apparent murder of a journalist by the Saudi government, President Donald Trump on Thursday praised a Montana congressman who assaulted a reporter last year. “Any guy that can do a body slam, he’s my kind of guy.” President Donald Trump “He’s a great guy, a tough cookie,” Trump said Thursday night of Republican Rep. Greg Gianforte. “I had heard that he body-slammed a reporter … and he was way
China’s third-quarter gross domestic product (GDP) growth slowed more than expected to 6.5 percent. September industrial production missed estimates, while the retail sales growth picked up the pace. The AUD has backed off from session highs but is holding above 0.71. The recovery rally in the AUD/USD pair, which gathered pace 30 minutes ago, has stalled after a weaker-than-expected China GDP release. The world’s second-largest economy expanded at an annualized rate of 6.5 percent in
China’s gross domestic product expanded a seasonally adjusted 1.6 percent on quarter in the third quarter of 2018, the National Bureau of Statistics said on Friday. That was in line with expectations and down from 1.8 percent in the three months prior. On a yearly basis, GDP climbed 6.5 percent – shy of estimates for 6.6 percent and down from 6.7 percent in the previous three months. The bureau also said that industrial production climbed
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