Carry Trade Flows May Gain Momentum as China Finds Path to Recovery

An upbeat surprise in Chinese economic data for June provided a very limited “quota” for the growing market concerns this week. A pickup in macroindicators across the board, such as industrial production output, consumer spending and investment in fixed assets, should reduce the overall degree of nervousness regarding trade headlines. With negative economic consequences arising from tariffs, China’s ability to...

Key economic events and reports of this week

Monday, July 15, 2019 – GDP (YoY) (Q2)(CNY), Industrial Production (YoY) (Jun)(CNY), CPI (QoQ) (Q2)(NZD). Tuesday, July 16, 2019 – RBA Meeting Minutes (AUD), Average Earnings Index +Bonus (May)(GBP), Claimant Count Change (Jun)(GBP), German ZEW Economic Sentiment (Jul)(EUR), Core Retail Sales (MoM) (Jun)(USD), Retail Sales (MoM) (Jun)(USD). Wednesday, July 17, 2019 – CPI (YoY) (Jun)(GBP), CPI (YoY) (Jun)(EUR), Building Permits...