China Data Expected To Lift Markets Higher

China will release economic data on Thursday that it is expected to indicate some kind of stabilization and that demand for raw material will soon pick up.

Data Expected From China

CPI Jul exp 2.0% prev 2.2%
PPI Jul exp -2.6% prev -2.1%
Industrial Production Jul exp 9.7% prev 9.5%
Retail Sales Jul exp 13.7% prev 13.7%

Rio Tinto like most mining companies, is also expecting Chinese demand to improve later this year. Rio Tinto is expecting that China will fund around 500 infrastructure projects like this increasing demand for commodities.

China in the other hand will be cautious to not over hit its economy as they major exporting destination are suffering a financial crisis. President Hu Jintao has previously promised to boost investment in the second half of the year to support the economy. China producers have been the worst hit by the slowdown along with the banks and real estate industry.

Mining Stock will be in focus if China demand for commodities pick up in the second halfd. In general, the mining sector across the world has decrease in value and most stock (miners) have been oversold.

Let’s get started...

Broker Rating Markets Available Fees Open an Account
Kawase Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 3.44 /5
(16 votes cast)
Shares, Indices, Forex and Oil Spread From 0.1 and 0.2% Commission Visit Website
MaxFx Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 4.66 /5
(90 votes cast)
Indices, Forex, Metals, Shares From 0.1 Raw Interbank Spread Visit Website
London Capital Group (LCG) Logo
1 Star2 Stars3 Stars4 Stars5 Stars
Rating 0.43 /5
(127 votes cast)
CFDs - Foex, Indices, Stocks, Commodities, Bonds, Interest Rates Variable spreads from 1.2 and small 0.1 commission on Shares Visit Website
Risk warning: Your capital may be at risk. CFD trading is suitable for experienced traders and not beginners.