Scoreboard: Chinese cool

Commodities rose modestly while global stocks were mixed, despite strong Chinese data.

The odd thing about market moves overnight is that investors didn’t seem too fussed about a surge in Chinese trade figures. Odd, because there seems to be a large proportion of the investment community constantly looking for a Chinese downturn or hard landing or some such. That another month passed without this occurring should be have seen things better bid in the European and US session – especially commodities and the Australian dollar. The fact is, Chinese imports of some key commodities like oil and iron ore are at records!

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