When you read an article by someone whose book is entitled ” The Coming Collapse of China” you can pretty much guess the tone of a piece entitled “Another Chinese fib 6.1% growth“, but it’s worth a look. Talking of economic statistics I was interested to read that Russia’s statistics office will now make the monthly jobless reports secret, because unemployment is soaring fast and may be a threat to social stability.
Just imagine a market with no economic data !
Eur/Usd is dipping below 1.3000 again as I type with US share gains waning . Cable too is now struggling again after rallying strongly earlier to 1.4520 after the budget inspired sell off to 1.4400. It currently trades at 1.4470.
