Hopes are up, again, for stimulus from China after the most recent data, which continues the theme of e=unevenn recovery:
China July data: Retail sales +2.7% y/y (expected +2.6). Industrial production +5.1% y/y
National Bureau of Statistics (NBS) with remarks:
Economic recovery trend needs to be consolidatedExpects recovery in consumption to consolidate as policies gain tractionFalls in Producer Prices Index are likely to narrow in coming months
This article was written by Eamonn Sheridan at www.forexlive.com.
