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China data deluge
China is to release a deluge of economic data this week as investors look for signs that the recovery in the world’s second largest economy is gaining momentum, particularly with the beleaguered property sector continuing to weigh on the outlook.
Data on China's home prices is due on Monday - the first such release after Beijing announced "historic" steps to stabilise the property market last month, though to limited effect so far. May data on industrial output, the urban unemployment rate and retail sales are all due too, with hopes the latter could point to a stronger uptick after April's disappointment.
Still, recent data continues to underscore the need for further stimulus from policymakers with the loan prime rate decision due on Thursday.
Souring trade relations add to the woes, with Europe set to slap extra duties on imported Chinese electric cars.
China is to release a deluge of economic data this week as investors look for signs that the recovery in the world’s second largest economy is gaining momentum, particularly with the beleaguered property sector continuing to weigh on the outlook.
Data on China's home prices is due on Monday - the first such release after Beijing announced "historic" steps to stabilise the property market last month, though to limited effect so far. May data on industrial output, the urban unemployment rate and retail sales are all due too, with hopes the latter could point to a stronger uptick after April's disappointment.
Still, recent data continues to underscore the need for further stimulus from policymakers with the loan prime rate decision due on Thursday.
Souring trade relations add to the woes, with Europe set to slap extra duties on imported Chinese electric cars.
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Crafting Nyonya, Teochew Kueh, Bak Chang, Teochew Mooncake from scratch in Tampines.
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Jackkkkkkkk : Means high chance market will green this week?
WayneTheBoon : But shitty nio can’t hold green for more than 5mins
74216494 WayneTheBoon : +1. Thus, do relentless shorting. You can't be wrong with it.
Cui Nyonya Kueh OP : property result out