Reply To: Traders Market Weekly: Bull or Bear Trap Ahead of the Fed?

#46262
Truman
Participant

Hong Kong’s Hang Seng fell more than 6.0% with property and technology names leading the retreat.
FT speculated that Japan spent more than $30 bln to intervene in the currency market last week. China’s President Jinping started his third term. South Korea is facing a potential union worker strike at three shipyards.
China’s September Retail Sales 2.5% yr/yr (expected 3.3%; last 5.4%), September Industrial Production 6.3% yr/yr (expected 4.5%; last 4.2%), September Fixed Asset Investment 5.9% yr/yr (expected 6.0%; last 5.8%), and September House Prices -1.5% yr/yr (last -1.3%). September trade surplus $84.74 bln (expected $81.00 bln; last $79.39 bln). September Exports 5.7% yr/yr (expected 4.1%; last 7.1%) and Imports 0.3% yr/yr (expected 1.0%; last 0.3%). Q3 GDP 3.9% qtr/qtr (expected 3.5%; last -2.7%); 3.9% yr/yr (expected 3.4%; last 0.4%). September Unemployment Rate 5.5% (expected 5.2%; last 5.3%)
Japan’s flash October Manufacturing PMI 50.7 (expected 51.3; last 50.8) and flash Services PMI 53.0 (last 52.2)
Australia’s flash October Manufacturing PMI 52.8 (last 53.5) and flash Services PMI 49.0 (last 50.6)