US futures and European markets are up; Chinese GDP surprised investors
US futures and European markets are trading higher once again after a record close by the S&P on Wall Street last night. The Chinese economic data- which came out at a much better level than anticipated has also helped the trader’s appetite for riskier assets.
The Chinese GDP for the third-quarter came in at 7.8% which was well above from the previous quarter’s reading of 7.5% and thus, confirming that the growth in the country is on the right track. However, the retail sale number for the country did raise some eyebrows when it came in at 13.3%; on a softer side and below expectations of 13.5%- given that the country is trying to boost its domestic consumption.
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