net_left Kdata adver left

Marketmind: China's Q4 data dump

Tuesday, January 17, 2023
Marketmind: China's Q4 data dump © Reuters. FILE PHOTO: Workers work at a construction site in Beijing, China January 12, 2023. REUTERS/Tingshu Wang

By Jamie McGeever

(Reuters) - A look at the day ahead in Asian markets from Jamie McGeever.

A batch of top-tier economic data from China, including fourth quarter GDP growth, will grab the spotlight in Asia on Tuesday, and the numbers are not expected to be pretty.

This does not necessarily mean investor sentiment and risky assets will automatically weaken - investors may consider these figures to be backward-looking, or bet that they will spur growth-friendly stimulus and policies from Beijing.

Either way, it does look like Q4 GDP, as well as December retail sales, investment and industrial production data will confirm the world's second-largest economy ended last year on an extremely weak footing.

To varying degrees, all are expected to be softer than the previous measures. GDP is expected to contract 0.8% from Q3, giving annual growth of just 1.8% in the October-December period. Retail sales are expected to have fallen 8.6%.

Economists polled by Reuters reckon China's economy grew 2.8% last year overall, and will rebound to 4.9% this year.

The transition away from the stringent zero-COVID policy of the last couple of years will be rocky in the near term as infections surge. Authorities said on Saturday nearly 60,000 people with COVID died in hospitals between Dec. 8 and Jan. 12.

Analysts at UBS have tried to quantify the impact China's reopening has had on markets as investors price in the coming recovery. They reckon it accounts for about half of the 70% of the recent market rally that can be attributed to macro factors.

In other words, it is about 50% to 70% priced in already, they estimate.

House price data on Monday showed the sector continued to weaken into December as new COVID-19 outbreaks hit demand. New home prices fell month-on-month for a fifth month in a row, and year-on-year prices fell for an eighth straight month.

Perhaps unsurprisingly, the yuan on Monday posted its biggest fall since late November. Perhaps it was due a breather, having rallied nearly 10% in the three months from early November to a seven-month high.

Meanwhile, the saga at embattled Chinese property developer Evergrande took another twist on Monday when it was confirmed that its auditor PricewaterhouseCoopers had resigned over matters related to the 2021 fiscal year.

Three key developments that could provide more direction to markets on Tuesday:

- China GDP (Q4), retail sales, industrial output, investment (December)

- World Economic Forum (Davos, Switzerland)

- Fed's Williams speaks

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
22-02-2024 05:42:30 (UTC+7)

EUR/USD

1.0820

+0.0003 (+0.03%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (0)

Sell (5)

EUR/USD

1.0820

+0.0003 (+0.03%)

Summary

Neutral

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (0)

Sell (5)

GBP/USD

1.2637

+0.0003 (+0.02%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (2)

USD/JPY

150.35

+0.07 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

AUD/USD

0.6549

-0.0001 (-0.02%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (6)

USD/CAD

1.3506

0.0001 (0.00%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (0)

EUR/JPY

162.68

+0.06 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/CHF

0.9517

+0.0001 (+0.01%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (1)

Sell (2)

Gold Futures

2,036.80

-3.00 (-0.15%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Silver Futures

22.927

-0.209 (-0.90%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Copper Futures

3.8805

+0.0130 (+0.34%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Crude Oil WTI Futures

78.06

+1.02 (+1.32%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (8)

Sell (0)

Brent Oil Futures

83.15

+0.03 (+0.04%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Natural Gas Futures

1.782

+0.206 (+13.07%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (10)

Sell (0)

US Coffee C Futures

187.80

+1.55 (+0.83%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (7)

Euro Stoxx 50

4,773.05

+12.77 (+0.27%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (7)

S&P 500

4,981.80

+6.29 (+0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

17,118.12

+49.69 (+0.29%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (1)

FTSE 100

7,662.51

-56.70 (-0.73%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

Hang Seng

16,503.10

+255.59 (+1.57%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

US Small Cap 2000

1,993.75

-10.39 (-0.52%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

IBEX 35

10,107.20

+69.00 (+0.69%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (1)

BASF SE NA O.N.

46.405

+0.360 (+0.78%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Bayer AG NA

28.93

+0.17 (+0.57%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (0)

Allianz SE VNA O.N.

250.70

+1.30 (+0.52%)

Summary

Neutral

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (2)

Sell (7)

Adidas AG

181.44

+0.32 (+0.18%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (2)

Sell (7)

Deutsche Lufthansa AG

7.428

+0.089 (+1.21%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Siemens AG Class N

169.42

+0.70 (+0.41%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

Deutsche Bank AG

11.994

+0.040 (+0.33%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

 EUR/USD1.0820Neutral
 GBP/USD1.2637↑ Buy
 USD/JPY150.35↑ Buy
 AUD/USD0.6549↑ Sell
 USD/CAD1.3506↑ Buy
 EUR/JPY162.68↑ Buy
 EUR/CHF0.9517Buy
 Gold2,036.80↑ Buy
 Silver22.927↑ Buy
 Copper3.8805↑ Buy
 Crude Oil WTI78.06↑ Buy
 Brent Oil83.15↑ Buy
 Natural Gas1.782↑ Buy
 US Coffee C187.80↑ Sell
 Euro Stoxx 504,773.05Sell
 S&P 5004,981.80↑ Buy
 DAX17,118.12Buy
 FTSE 1007,662.51↑ Buy
 Hang Seng16,503.10↑ Sell
 Small Cap 20001,993.75↑ Buy
 IBEX 3510,107.20Neutral
 BASF46.405↑ Buy
 Bayer28.93↑ Buy
 Allianz250.70Neutral
 Adidas181.44↑ Sell
 Lufthansa7.428↑ Buy
 Siemens AG169.42↑ Sell
 Deutsche Bank AG11.994↑ Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank7,610/ 7,780
(0/ 0) # 1,744
SJC HCM7,580/ 7,800
(0/ 0) # 1,764
SJC Hanoi7,580/ 7,802
(0/ 0) # 1,766
SJC Danang7,580/ 7,802
(0/ 0) # 1,766
SJC Nhatrang7,580/ 7,802
(0/ 0) # 1,766
SJC Cantho7,580/ 7,802
(0/ 0) # 1,766
Cập nhật 22-02-2024 05:42:32
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$2,026.07+1.790.09%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V24.95025.440
RON 95-III24.16024.640
E5 RON 92-II22.91023.360
DO 0.05S20.99021.400
DO 0,001S-V21.97022.400
Dầu hỏa 2-K20.92021.330
ↂ Giá dầu thô thế giới
WTI$77.94+4.130.06%
Brent$82.33+3.620.05%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD24.310,0024.680,00
EUR25.830,1527.248,00
GBP30.162,2431.446,11
JPY158,58167,85
KRW15,8919,26
Cập nhật lúc 18:54:00 21/02/2024
Xem bảng tỷ giá hối đoái
adver main right