Today’s UK opening call provides an update on: Europe higher despite slowing Chinese growth; Chinese retail sales encouraging; US corporate earnings drive sentiment; US retail sales in focus on Monday. Investors in Asia and Europe responded surprising well to the Chinese data released over night, despite the fact that it showed growth slowing once again in the world’s second largest economy. The reaction to the data really highlights just how pessimistic investors are about China right now.
Reported by FXstreet.com 4 hours ago.
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