On Monday, China reported that her economy grew at +7.3% (Quarter over last yea’s quarter). It is slightly faster than expected rate of +7.2%. Still, it was same as last reading on October 20, 2014. Industrial Production y/y was better at +7.9% compared to the forecast of +7.4%. Retail Sales y/y was +11.9% versus expectation of 11.7%. Fixed Asset Investment ytd/y was inline at 15.7%
Here is the Chinese GDP graph:
Also on Monday, European Zone’s Current Account came at 18.1B versus expectations of 22.7B. Switzerland’s PPI m/m was better at -0.4% compared to -0.6% expected and -0.7% last month.
New Zealand’s NZIER Business Confidence improved to 23 from previous month’s 19.
Canadian Foreign Securities Purchases were 4.29b compared to forecast of 7.23b.
On Sunday, UK’s Rightmove HPI m/m (change in asking price of homes for sale) came at +1.4% versus the last reading of -3.3%.
Australia’s MI Inflation Gauge m/m was 0.0% (change in price of goods and service purchased by consumers) fueling the deflationary concerns. The New Motor Vehicles Sales m/m was better at +3.0% compared to previous month’s -0.6%.
Japan’s Revises Industrial Production m/m was not good at -0.5% compared to last month’s +0.4%. But the consumer confidence marginally improved to 38.8 from 37.7.
