Scoreboard: China guide

The local market is tipped to take the lead from a weaker Wall Street, with China’s GDP figures the focal point this week.

Not even happier US consumers can shake the market out of its rut. According to Michigan University, consumer confidence rose by over 3 per cent or 2.6 points in April, up from 80. That’s not bad, it’s good -- this is the most confident consumers have been since July last year. Yet equities sold off and consumer stocks even underperformed. Most of the news-flow and press commentary was really quite non-specific as to what drove the fall and to be fair news-flow was light; more sellers than buyers, it seems. Whatever the cause, volumes are decent. Naturally this doesn’t suggest the Aussie market will have a great session today and the SPI points to a 0.3 per cent fall.

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