Reply To: Traders Market Weekly: Robots, Dribbler Enthusiasm and Short Squeezes

#42076
Truman
Participant

China reported weaker than expected growth figures for July, prompting the People’s Bank of China to cut its one-year medium-term lending facility loan rate and seven-day repurchase rate by ten basis points apiece to a respective 2.75% and 2.0%. China’s National Bureau of Statistics noted that risks of global stagflation have risen.

South Korea’s President Yoon said that South Korea and Japan face similar problems and must quickly improve their relations.
China’s July Retail Sales 2.7% yr/yr (expected 5.0%; last 3.1%), July Industrial Production 3.8% yr/yr (expected 4.6%; last 3.9%), July Fixed Asset Investment 5.7% yr/yr (expected 6.2%; last 6.1%), and July House Prices -0.9% yr/yr (last -0.5%)

Japan’s flash Q2 GDP 0.5% qtr/qtr (expected 0.6%; last 0.0%); 2.2% yr/yr (expected 2.5%; last 0.1%). Q2 GDP Capital Expenditure 1.4% qtr/qtr (expected 0.9%; last -0.7%) and Q2 External Demand 0.0% qtr/qtr (expected 0.1%; last -0.4%). Q2 GDP Private Consumption 1.1% qtr/qtr (expected 1.3%; last 0.1%). June Industrial Production 9.2% m/m (expected -7.5%; last 8.9%) and June Capacity Utilization 9.6% m/m (last -9.2%)