Data on China

Despite the coincidence of data on China’s forecasts, China’s economy slowed in the third quarter, after rising earlier. Concerns about the Chinese economy are confirmed, as indicated by the negative dynamics of China’s GDP. Economic growth was undermined by the attempts of the Chinese government to reduce China’s foreign debt.

As a result of such data, the stock indices of the Asia-Pacific region are trading below zero, and the New Zealand dollar remains near the weekly low. The Australian is trading at the level of the opening of the day after positive data on employment in Australia, but also remains under pressure from negative sentiment amid a slowdown in the growth of China’s economy.

The slowdown in China’s economy remains an alarm signal that will push investors into safe assets. And as a result, the negative dynamics of the stock indices of the Asia-Pacific region will be transmitted to European markets.

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Hanzenko Anton