What Can Rule the Roost in January 2023?
2022 was rough: inflation, energy crisis, and plenty of other controversial situations…
China’s first-quarter GDP ascends faster than expected
China's economy managed to rally 6.9% during the first quarter from the previous year, moderately faster than expected, backed by a government infrastructure spending spree as well as a frenzied housing market, demonstrating signs of overheating.
Financial experts surveyed by Reuters had expected the Chinese economy to surge 6.8% during the first quarter, showing the same pace as in the previous year’s fourth quarter.
First-quarter surge turned to be the fastest since the third quarter of 2015. March data revealed that investment, factory output, retail sales as well as exports all added faster than expected.
The sturdy reading will help to back wobbly global financial markets, though it will also add to concerns that China's authorities are still heavily relying on stimulus, not to mention old economy growth drivers. The government isn’t doing enough to cope with risks from an explosive build-up in debt.
While China's data has been mostly positive this year, a great number of analysts widely expect the world's number two economy to lose steam in the nearer future because the impact of earlier stimulus measures starts fading and local authorities step up their battle for the purpose of reining in hot housing prices.
Similar
USD Holds the Line
The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now.
Apple is Under Pressure
Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news! Today’s events: USA, UK, Hong…
Latest news
Market Crash Incoming?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
What Currency Will Overperform?
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
Investor Positivity May Fade After Powell's Speech and CPI Release
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
