China reported industrial output for the month of July rose 6.4 percent on-year, missing expectations.
Market watchers are keeping their eyes on the health of the the world’s second-largest economy ahead of a key Communist Party Congress in the fall where a leadership reshuffle is expected.
Analysts were expecting a rise of 7.2 percent against a 7.6 percent expansion in June for the country’s value-added industrial output.
FOMC’s Song Drowned By Don and Kim
A Weekend Risk Reprieve; But No Rest For the Wicked
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.