Scoreboard: Chinese check

Global stocks were mixed as strong Chinese growth data and a Greek surplus helped offset a spike in the US deficit.

Stocks on both sides of the Atlantic were little different to zero overnight, with not much in the way of news or data. About the only data out came from the US Treasury when it announced a deficit of $97 billion ($105.27 billion) for the month of July, up from $69 billion. The bigger picture is that the US is raking in record revenues, which at $2.3 trillion are 14 per cent higher than a year ago. Year-to-date, the US budget deficit is $607 billion, which is down almost 40 per cent from the same period last year. All good, but most of this would be priced in.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles