Axi | Jul 16, 2018 11:56
Originally published by AxiTrader
Welcome to my Australia Today column where I'll have a look at some economics, the Aussie dollar, and the outlook for the ASX200 and SPI.
As ever, feedback is welcome
h2 A LITTLE ON THE ECONOMY/h2
h2 DATA:/h2
Nothing of note here in Australia. But the day ahead is going to be a big one of data here in Asia. We get the monthly triple treat of Chinese retail sales, urban investment, and industrial production data. But we also get Q2 GDP. Economists are forecasting GDP to print 6.7% yoy and are expecting a yoy growth of retail, investment, and production to 9%, 6%, and 6.5% respectively. That’s a big data dump and then tonight we get retail sales in the US for Jun which are expected to rise 0.5% the Reuters poll says.
Have a great day's trading.
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