FXStreet (Delhi) – Research Team at TD Securities, suggests that on Wednesday we have the monthly Chinese data dump, with retail sales, industrial production, and inflation all out.
Key Quotes
“The services sector and the consumer are vastly over-looked in China, especially when it comes to forecasting GDP. While there are no reliable leading indicators for this sector, retail sales should offer a good signal, and we lean towards a slight upside to the market unchanged +10.9% Y/Y and pencil in 11%.”
“On the production side, we see upside to the market forecast of 5.8% Y/Y, even if our 6.5% proves to be a little ambitious. And for CPI, food prices moderated in October, so we expect a tick lower in overall CPI.”
(Market News Provided by FXstreet)