While everyone was expecting a slowdown, industrial production and retail sales came accelerating their growth. Asides from this, market participants hope on the boost effect from tax and monetary stimulus in the coming months.
The data from China should be regarded thanks to this as the fact that the situation was terrible, but it should improve soon.
Analysts' approach to this explains the persistence of positive market dynamics. The Chinese market, which had previously nervously reacted to the national statistics weakening, kept growing to this time and adding 0.4% since the beginning of the day after strengthening on Friday by 2%.
The U.S market, on the other hand, is currently being under pressure as the government shutdown kept going. Over the weekend, President Donald Trump did not make any new proposals for the Democrats to get things in any direction. In result to this, American markets came under pressure at the start of trading on Monday.
This can be seen on S&P 500, which, after strengthening by 1.4% on Friday, it went down for 0.4% on Monday. Similar to this, we can see what happened to the U.S. dollar, which, loss a little bit on Monday after rising 0.3% on Friday.
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