Scoreboard: Look both ways

A slew of global data could move markets either way this week, while local confidence indices will shed light on the impact of record low rates.

Positive economic news out of China showing – you guessed it – still very strong growth rates had some impact on markets on Friday, although we weren’t really seeing that in that in the US indices. There’s much debate about China – frequent calls of a hard landing – but once again, the data showed that instead of falling into some vortex, its economy accelerated at a rapid clip. Industrial production was up 9.4 per cent, retail spending up 13.2 per cent and fixed asset investment up 20 per cent. Very strong growth rates indeed.

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