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18 October 2021
5 min read

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.


07:18 BST

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.


China's GDP grew by 0.2% QoQ, 4.9% YoY



None of this is an enormous shock (except perhaps the improving unemployment rate):


β€œIn response to the ugly growth

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