Scheduled economic news and data most likely to move markets 15th July 2019
Quieter day on the economic news front
China – GDP, retail sales and industrial production data due.
U.S. – earning season kicks off today with U.S. banks up first. Citi bank will start the company report news flow.
China growth slows but in-line with expectations
Latest GDP figures demonstrate that China’s economic move from a manufacturing led economy to more of a consumer led economy is working.
Slower property demand and the continuing U.S. trade spat saw China’s second quarter growth slow to a record low of 6.2% from the same time last year and down from 6.4% in the first quarter of this year.
But it’s hardly that slow, many world economies would be very happy with 6.2% GDP – the U.S. included.
These are impressive figures despite slowing slightly.