Scoreboard: Chinese fortune

Good Chinese data turned on the global risk bid, while continuing debate over Syria hit commodities hard.

It was another good session for global equities overnight – and some very good reasons for cheer. Firstly, we saw a batch of data yesterday showing China’s economy accelerating. In particular, industrial production rose 10.4 per cent in the year to August, up from 9.7 per cent last month. Consumer spending then surged over 13 per cent and fixed asset investment remains very strong at around 20 per cent year-on-year. This is a far cry from the hard landing scenario the market was toying with only weeks ago.



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