Scoreboard: Finer China

Today’s Chinese GDP should soothe any growth concerns, while CPI data is on the horizon.

Judging from the action on Friday night, it’s going to be a quiet one for our market today. About the most exciting thing of note is that the Australian dollar is trading around 0.8717, or 40 pips lower than Friday afternoon. Global stocks otherwise didn’t do much - the S&P500 fell 0.4 per cent, the Dow rose 0.3 per cent and the Nasdaq was off 0.5 per cent.  And that’s with some more data showing growth at multi-year highs. US industrial output this time, and it’s around a 3½ year high.  Admittedly other data out was less supportive. Housing starts for instance fell almost 10 per cent in December, although that follows a 23 per cent surge the month prior. Similarly the University of Michigan estimates that consumer confidence slipped in January - two points to 80.4. European equities were up around 0.2 per cent-0.3 per cent and our SPI was pretty much flat (off 2 points). 

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

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

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

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

Please untick this box when using a public or shared device


Verify your mobile number to proceed…

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles