Overseas Trading: China GDP Tumbles to Six-Year Low

Economic growth in China decelerated to its slowest pace since 2009, but still managed to top expectations

Oct 19, 2015 at 8:30 AM
facebook twitter linkedin


It was a mixed finish in Asia today, after China's gross domestic product (GDP) fell to 6.9% in the third quarter -- marking the slowest pace of growth since 2009, yet narrowly exceeding the consensus estimate for 6.8% expansion. Likewise, housing sales, industrial production, and fixed asset investment also cooled, while retail sales managed to edge out expectations. Against this backdrop, China's Shanghai Composite slipped 0.1%, Japan's Nikkei fell 0.9%, Hong Kong's Hang Seng rose 0.04%, and South Korea's Kospi ended almost totally flat.

Traders in Europe are also having trouble picking a direction at midday, with China's lackluster GDP data weighing on commodity stocks. However, well-received earnings from France's Danone SA and a restructuring announcement by Deutsche Bank have lured some buyers to the table. At last look, the German DAX is up 0.5%, the French CAC 40 is 0.1% lower, and London's FTSE 100 is off 0.4%.

Overseas markets 1019

 

Stop leaving money on the table with the same old broken options trading approach...

There is no options strategy that more perfectly capitalizes during earnings season better than this simple call and put buying strategy. Perfect for aggressive traders looking to recover their suffering portfolios so far in 2022. With the simplest possible options strategy, Schaeffer's team with 100+ years of options trading excellence, target 200% gains on every single trade. So many trades are being beaten down by the market, but don't be one of them! Don't waste another second... join us right now before the next trade is released! 

 
Schaeffer's Daily Bulletin Offer
 


 


 
Special Offers from Schaeffer's Trading Partners