The Topix is also seen up 0.1% as stocks in Asia are buoyed by the gains in Wall Street overnight, though the gains in Japan are relatively mild. Elsewhere, China’s record GDP data, though failing to impress, is enough to keep sentiment buoyed as well.
Both the Hang Seng and Shanghai Composite indices are up 0.9% currently.
Elsewhere, US futures are pulling back a little after the gains yesterday amid some stabilisation in Treasury yields. S&P 500 futures are seen down 0.1%.
Industrial Production YTD to March +24.5% y/y MISS
expected 26.5%, prior was 35.1%
Fixed Assets (excluding rural) YTD +25.6% y/y MISS
expected 26.0%, prior was 35.0%
Retail Sales +34.2% y/y BEAT
expected 28.0%
Retail Sales YTD +33.9% y/y BEAT
expected 31.7%, prior was 33.8%
Retail sales with the beat is indicative of a recovery in domestic consumption. Good news for China which, as is so often the case, has been leaning on exports and the property market to keep the fire in the economy.
A quick heads up preview from Westpac, expecting a solid GDP gain fuelled by broad-based strength in investment as well as demand from the consumer. But, WPAC note:
Annual GDP growth for the first half of 2021 will be flattered by base effects.
On the monthly activity data due:
Industrial production … fixed asset investment … and retail sales … will all reveal that not only has China recouped its losses, but built a strong foundation for a long and robust new growth cycle.
1. Perspective Once we switch the perspective, we realize that what we thought as a giant hurdle of our life is actually a little event that doesn’t matter that much when seen from a different point of reference “Our lives are mere blips on the canvas of eternity”
2. Journal Your Ideas Journaling includes writing lessons that you learn from every single day of your life. It also involves writing your reason for being and finding meaning in your daily life. It helps to boost your self-awareness
3. Be Honest Whenever you show dishonesty, you fuel this terrible habit, and due to it, your brain automatically urges you to lie more and more. Being dishonest also adversely affects how much you keep the promise with yourself
4. Embrace The Present In the race of accomplishing great things, we forget to respect what’s already in front of us. We don’t feel privileged for all the things we have. All we have is Now, embrace the present moment
5. Don’t Dwell In The Past People have setbacks and failures. So when they look back, they feel bad, and try to bury their failures as much as possible Instead of worrying and complaining about your past, you should see it as a feedback mechanism
6. Have A Morning Routine If you had to launch a rocket or missile, would you launch it at an incorrect angle? No. The same is the case with our day. We must launch our day with preparation. The more organized your morning is, the more organized your entire day will be
7. Practice Self-Talk Practicing self-talk also makes you more aware of your thoughts. You don’t need to push yourself and practice deliberate self-talk. You just have to be more conscious of it The words you speak to yourself change your mindset
8. Practice Silence Being in solitude cuts off outside noise and allows you to calm your inner turbulence Saying that you don’t have enough time to practice silence on a regular basis is a lot like saying that you are busy driving to stop for gas ~Robin Sharma
9. Be Kind To Strangers You can be great every single day of your life by showing compassion towards others. You can help people you find on the street or help a blind old lady cross the road. By doing these little acts of decency, you can live a more fulfilling life
0. Your Body Is A Temple Our consciousness lives inside our bodies That’s why we must give respect to our bodies by treating it as a temple But,we abuse our bodies by not giving it the exercise it needs. On top of that, we put in a lot of junk food So take care of your body
