
Please try another search
China's August Industrial Output +4.4%yoy missed est. 5.2%, slowed down from 4.8% in July while the data suggested weakness from numerous angles with retail sales and fixed asset investment both missing estimate.
The trend for China data is expected to remain downward, pointing to weaker GDP growth in Q3. However, with these data prints backwards-looking, the markets could quickly sidestep the negative implication as investors may continue focusing on trade war news flow to drive sentiment.
The attack on the Saudi Arabian oil facility led to a risk-off start to the week. In Asian currencies, there was the predictable rush to buy USD/INR given India sensitivity to oil moves as the country is the massive importer of crude. As such, higher oil prices could cause the current account to widen.
Also, the usual haven trades were in play as the Japanese yen appreciated while Gold opened near $1500 and traded close to $ 1512 before macro names used the spike to reduce long positions as trade war winds continue to blow favourably.
Still, there remain more questions than answers about the terrorist attack so best not to jump to any conclusions.
1. S&P 500 Likely to Hold at 200-Day MA (1) Will S&P 500 indexes find support at their 200-day moving averages? We think so. Sentiment is quite bearish and the next batch...
Lately, volatility has been off the charts. We’re seeing triple-digit swings in stocks, and the market is getting a real taste of the wild ride that comes with a president who...
White House announces tariff exemptions for Canada and Mexico Soft ADP jobs report poses downside risks to NFP Euro extends rally ahead of ECB decision Wall Street rebounds, WTI...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.