Chinese industrial production, retail sales and urban-fixed-asset investment all missed expectations in October
David Scutt
Stonex
Chinese industrial production, retail sales and urban-fixed-asset investment all missed expectations in October. From a year earlier industrial production slowed to 7.7%, below the 8.0% pace of September and expectations for a similar reading in October, while retail sales dipped to 11.5%, the slowest annual growth seen since March 2006. Last but not least, urban fixed asset investment dipped to 15.9% from 16.1% in September, a level last seen since December 2001. For all those tracking the materials sector, particularly iron ore and coking coal plays, production of crude steel fell 0.3% from a year earlier, the first time output has contracted since August 2012.
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David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest rate movements and has been an active trader on behalf of his employers.Over the past 5 years David has become a respected financial analyst and has built a strong following on social media with his insights into the domestic and international markets for currencies and interest rates.Web: www.scuttpartners.com.au LinkedIn: https://www.linkedin.com/pub/david-scutt/9/34a/841
David Scutt
Market Analyst
Stonex
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
David Scutt
Market Analyst
Stonex
David is a Director of Scutt Partners Pty Ltd and has successfully worked in the financial services markets over the past 12 years with both large and smaller banking groups. He has provided strategic financial analysis for currency and interest...
Expertise
No areas of expertise
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