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.



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