China GDP Disappoints, NZ CPI at 10 Year High
Slightly negative start to the week.
APAC indices are weaker led by China & HK, although these are off the lows posted early in the session.
US Futures down by ~0.3%
US yields higher, particularly on the short end.
USD in favour, a little higher in the majors.
Oil continues its relentless march higher with Brent futures gapping higher on the open and now firmly through $85.
None of this is an enormous shock (except perhaps the improving unemployment rate):
“In response to the ugly growth