FXstreet.com (Barcelona) - Better than expected GDP and industrial production figures released today in China helped setting the mood straight so that Asian equity indexes could rise on Friday. China's Shanghai Composite (+1.41%), South Korea's Kospi (+0.69%), Hong Kong's Hang Seng (+1.05%), and Australia's S&P/ASX 200 (+0.31%) retraced yesterday's gains and pushed higher.



China's annualized GDP in Q4 rose from 7.4% to 7.9%, beating the 7.8% consensus. Industrial production also came in higher, from 10.1% to 10.3%, as well as retail sales, from 14.9% to 15.2%.



Japan's Nikkei Stock Average continues on its roll, up for the 10th week in a row, gaining 2.86% today after PM Abe's economic adviser Hamada suggesting that the line in the sand had been drawn at 110, while 95-100 was "nothing to worry about".



Futures for the German DAX 30 (+0.16%) and the French CAC 40 (+0.05%) are signaling a higher opening ahead of a light European economic calendar, with Italy industrial orders and UK retail sales. WTI crude oil trades at $96.00 (+0.07%) and Gold trades at $1693 (+0.35%).



You May Also Like

Related Forex Analysis
  1. Forex News

    US Dollar Breakout Velocity Rests with Fed’s Liftoff Outlook after NFPs

  2. Forex News

    Expect Volatility but Question Trends for Stocks, Dollar, Euro

  3. Forex News

    Strategy Video: China’s Financial Markets Pose More Immediate Threat than Economy

  4. Forex News

    Japanese Yen Stumbles, but is a USDJPY Rally Above ¥124 Justified?

  5. Forex News

    Daily Observations: Checking in on GBP-crosses, USD-pairs

Trading Center