China Data Reassured Markets

November 11, 2013 Share Print 0

China entered the fourth quarter on a stronger-than-expected footing, according to a flurry of data released over the weekend, with the world’s number two economy appearing to defy expectations for a slowdown in the final quarter of the year.

The economic figures showed growth in industrial production, retail sales and fixed asset investment powering holding up in October. Meanwhile, export data published last Friday indicated a rebound in shipments in the same month.

via CNBC

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Alfonso Esparza

Senior Currency Analyst at Market Pulse

Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.