FXstreet.com (Barcelona) - More concerning China data indicating softer growth is being counterweighted by the rising expectations of policy action, not only in the US and Eurozone but also in China, through borrowing rates or the RRR. The country’s August trade data saw exports rising +2.7% (YoY) below +2.9% consensus and imports falling -2.6% (YoY) below +3.5% consensus.
China’s Shanghai Composite rose +0.09% to 2129.61, Hong Kong’s Hang Seng dropped -0.09% to 19785.30, Japan’s Nikkei Stock Average shed -0.03% to 8869.37 and South Korea’s Kospi fell -0.25% to 1924.70.
Futures for the German DAX 30 and the French CAC 40 are signaling a lower open by -0.15% ahead of the European opening with confidence data scheduled at 08:30 GMT. WTI crude oil trades at 96.22 (-0.18%) and Gold is up slightly up by +0.02% at 1735.
China’s Shanghai Composite rose +0.09% to 2129.61, Hong Kong’s Hang Seng dropped -0.09% to 19785.30, Japan’s Nikkei Stock Average shed -0.03% to 8869.37 and South Korea’s Kospi fell -0.25% to 1924.70.
Futures for the German DAX 30 and the French CAC 40 are signaling a lower open by -0.15% ahead of the European opening with confidence data scheduled at 08:30 GMT. WTI crude oil trades at 96.22 (-0.18%) and Gold is up slightly up by +0.02% at 1735.
