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5. Futures Economic Reports for Tuesday April 21, 2015
Hello Traders,
For 2015 I would like to wish all of you discipline and patience in your trading!
Hello Traders,
Big turn around on equities between Friday and today thanks to China news….will be interesting to see what tomorrow will bring…..
From our friends at TradeTheNews.com weekly summary below, followed by mid session update from today, to provide you with a bit more of the fundamentals moving the markets:
” The Shanghai Composite rose higher for the sixth straight week, tacking on another 6%, making for impressive rally of over 30% for the year. Investors have been undeterred by the apparent slowdown in the economy, as showcased by Q1 GDP and the bulk of data-points for the month of March. First quarter GDP growth of 7% was right in line with consensus and matched the overall 2015 target but still marked a 6-year low. Retail sales grew just 10.2% y/y, the slowest since February 2006 and missing forecasts. Industrial output grew 5.6%, the slowest since November 2008 and well below estimates at 7%e. Fixed-asset investment grew at a 14-year low of 13.5%.
