Summary for the 15th of April 2019


China’s exports numbers were released on Friday. The numbers were better than the market expected, with an increase in exports to the US. Looking at the first quarter, the numbers showed a weaker development in exports. Imports also declined and showed that the growth in China’ GDP for the first quarter was thanks to the net exports. Also, the numbers for debt growth were released on Friday, China’s credit impulse (which shows new debt compared with the previous year) was increasing, indicating that the economic growth in China might increase in the upcoming months.

For the upcoming days:

Germany ZEW Current Conditions data will be released tomorrow and news from the trade talk between the US and China might emerge this week. From the US, we will get the numbers for industrial production for March. The US manufacturing sector has been doing quite well in the past few months due to high domestic demand, but a strong US currency and weak economic growth from outside the US have been holding back the sector. On Wednesday, the market will be paying attention to China GDP growth rate and data for China’s fixed asset investment.

On Thursday, the US retail sales numbers for March will be released. The consumer spending has been disappointing in the last few months due to the government shutdown and the market uncertainty at the end of 2018. From the Euro area, the April’s PMI -flash estimate will be released. The PMI fell sharply in the previous month because of the strong decline Germany’s index.

Indices for 15th of April. 
Dow: +1 (12th  of April)
S&P 500: +0.7% (12th of April)
Nasdaq: +0.5% (12th of April)
Nikkei: +1.5% (15th of April)
Chinese indices: +1.2% (15th of April)
STOXX Europe 600 Index: +0.15% (15th of April)

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