CH Retail Sales y/y

Crude oil futures climbed Monday as U.S. offshore production gradually recovers from last week's hurricane, with the market turning its attention to this week's Federal Reserve meeting, and traders now see better than 50-50 odds for a 50 basis point rate cut. "A 50 basis point rate cut would likely jolt most asset classes including oil, with WTI potentially maintaining some near-term bullish momentum that could carry it as high as the $73-$74 region, where we will expect a larger chart resistance," Ritterbusch said, according to Dow ...

China's factory output slowed for a third straight month in July, showing the recovery in the world's second-largest economy was losing steam, although the battered consumer sector perked up slightly as stimulus targeting households took effect. A mixed batch of data on Thursday pointed to a patchy start to the second half for the $19 trillion economy and gave policymakers continued cause for concern following dismal export, prices and bank lending indicators earlier this month. Data from the National Bureau of Statistics (NBS) ...

apanese stocks led gains in Asian equities after in-line US inflation data calmed market jitters on Wall Street and kept the Federal Reserve on track to cut interest rates next month. The advance in Tokyo followed economic-growth data that exceeded forecasts, while stocks in Australia also rose. Chinese equities gained after data pointed to signs of stabilization in retail sales and home prices. The S&P 500 and Nasdaq 100 both closed higher Wednesday after year-on-year core consumer prices, which excludes food and energy costs, ...

China’s National Bureau of Statistics on Monday said the country’s second-quarter GDP rose by 4.7% year on year, missing expectations of a 5.1% growth, according to a Reuters poll. June retail sales also missed estimates, rising 2% compared with the 3.3% growth forecast. Industrial production, however, beat expectations up by 5.3% in June from a year ago, higher than Reuters estimate of 5% growth. Urban fixed asset investment for the first six months of the year rose by 3.9%, meeting expectations. Investment in infrastructure and ...

China’s retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts. Industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll. The country’s National Bureau of Statistics elaborated that the total retail ...