Asian markets calm on Chinese data

a gentle confidence has emerged across Asian markets in response to the Chinese GDP and Industrial production data. There were no real surprises and a big slowdown in the data has not been seen. Retail sales held up and this was despite Apple's earnings falling in Q4. Perhaps, they are just losing out to Huawei ;-) ?

  • Chinese blue chips CS1300 gained 0.7 percent.
  • Japan's Nikkei N225 added 0.3 percent,
  • The Australian dollar up to $0.7167.
  • U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs. So, things are looking good for the European open.