Investors in the markets today focuses mainly on that number: +6.9%. This is the increase of the China's GDP from the Q3 2014 to Q3 2015. And meanwhile it is higher than expected, investors are still unhappy of that growth. Oh, well, because a 7% increase for an economy isn't enough for them? They want 100% maybe? And this is how it drives the European markets, along with the oil prices still getting a bit down. Currently, oil is at 46.19$ for the barrel. And here's the numbers for the European markets: FTSE 100 underperformed today, with a -0.40% or -25.71 pts at 6,352.33 pts. Meanwhile, DAX 30 is going up, with the help of a bank's restructuration, at 10,164.31 pts, with +0.59% or +59.88 pts. CAC 40 is going flat, with +0.03% or +1.28 pts at 4,704.07 pts. Finally, IBEX 35 is doing -0.24% or -24.20 pts at 10,207.30 pts.
China's economic drivers are changing -- http://www.bloomberg.com/news/artic...ys-of-china-gdp-investment-output-retail-data -- as the "rust belt" industries slump and the retail sector grows.
Housing & infrastructure projects A friend lived in Shanghai. Almost the only tenant in a gigantic development. Huge towers - and he had an apartment on the 40th floor. Elsewhere, such excesses would lead to serial bankruptcies. The big question is whether the 6.9% are believable. (Apologies, to post, I had to remove the quoted link)
Well as long as Europe isn't going bankrupt, particularily with the influx of all the new refugees, I guess we should be happy. It is one of the things that we can take some comfort in I guess. Also, oil prices are continuing to go down, and I couldn't be happier with the current low gas prices. I wish they would stay this way. Hallelujah! Can I get an Amen brother?
I don't see how and why it would help a lot the European economy with the lowering oil prices. After all, there's energy companies as well on Europe. As well, bankruptcy isn't really driven by the migrants, but it would be more by the fact the European debt is not stabilizing but growing. As long as it follows this trend, any European country can fall sooner or later into bankruptcy, because of the believes of the investors: today, investors thinks they will get paid back by the state. But right now, they are just exchanging investors' money from new bonds to older bonds, basically.
