Back
15 Apr 2013
European markets and US futures in “risk-off” following China GDP
FXstreet.com (Barcelona) - The German DAX 30 (-0.84%), the French CAC 40 (-1.02%), the Italian FTSE MIB (-1.00%) and the Spanish IBEX 35 (-0.87%) are affected by the poor Q1 GDP figure in China that eased from 7.9% to 7.7%, against consensus of 8.0 (QoQ data came in at 1.6% - consensus of 1.9%). Equity indexes in Europe are in “risk-off” mood and so are the American futures such as the S&P 500 (-0.59%), Nasdaq 100 (-0.48%) and Dow Jones (-0.37%).
Chinese urban investment (down from 21.2% to 20.9% vs 21.3% consensus) and industrial production (down from 9.9% to 8.9% vs 10% consensus) in March didn’t help the mood either, butretail sales rose from 12.3% to 12.6%, against expectations of 12.5%.
The seasonally adjusted EMU trade surplus widened from €9.0B to €12B in February, beating the €9.9B consensus, while the non-seasonally adjusted figure moved from €-4.7B (revised from €-3.9B) to €10.4B, coming higher than the €3.0B consensus.
Chinese urban investment (down from 21.2% to 20.9% vs 21.3% consensus) and industrial production (down from 9.9% to 8.9% vs 10% consensus) in March didn’t help the mood either, butretail sales rose from 12.3% to 12.6%, against expectations of 12.5%.
The seasonally adjusted EMU trade surplus widened from €9.0B to €12B in February, beating the €9.9B consensus, while the non-seasonally adjusted figure moved from €-4.7B (revised from €-3.9B) to €10.4B, coming higher than the €3.0B consensus.