Economic Data from China
Then Chinese data largely disappointed. A “meet” in Industrial Production – hovering at multi-year lows…
*CHINA MAY INDUSTRIAL OUTPUT RISES 6.0% FROM YEAR EARLIER
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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Retail Sales missed…*CHINA MAY RETAIL SALES RISE 10.0% FROM YEAR EARLIER (lowest since 2006)
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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And FAI missed… *CHINA JAN.-MAY FIXED-ASSET INVESTMENT EXC. RURAL RISES 9.6% (lowest since 2000)
And if the anxiety over global growth and Brexit were not enough, this China data has sparked even more turmoil in markets as Asia gets going…
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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Yuan Charts
In China, as we could have guessed by Bitcoin’s surge, the Yuan is tumbling…
PBOC devalues the Yuan fix by over 2 handles – back near 5 year lows…
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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As the Yuan basket plunged to lowest since Nov 2014
Chinese stocks are down most in 6 weeks:
- *HANG SENG INDEX FALLS 2%
- *CHINA’S SHANGHAI COMPOSITE INDEX FALLS 1.3% TO 2,889.91 AT OPEN
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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Economic Data and Charts from Japan
First Japanese manufacturing data was a disaster…
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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First, Japan…
- *JAPAN’S TOPIX INDEX EXTENDS DROP TO 3%; NIKKEI 225 FALLS 3%
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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Japanese stocks shorts biggest since 2008…
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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And Japanese 10Y Yields record lows (along with 20Y and 5Y)…
But it’s not just Japan, Germany, and Switzerland…
- TAIWAN 10-YR GOVT BOND HITS RECORD LOW OF 0.76%
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A chart-up from China and Japan. Growth of Chinese industrial production, retail sales, fixed asset investment is at lows not seen since the Asian financial crisis. The Yuan is falling. Economic data from Japan is not a lot better.
- Click to enlarge
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