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China May ‘Activity data’ due Wednesday 16 June 2021 – Industrial Production, Retail Sales, Investment

Note the scheduled time for these data has changed to 0700 GMT. China activity data for May 2021.

Industrial Production y/y

  • expected 9.2%, prior was 9.8%
  • Foreign demand (for exports) remains strong, and domestic demand is improving

Industrial Production YTD y/y

  • expected 26.3%, prior was 29.6%

Fixed Assets (excluding rural) YTD y/y

  • expected 17.0%, prior was 19.9%

Retail Sales y/y,

  • expected 14.0%, prior was 17.7%
  • supported by holiday spending over the Labour Day holiday – consumer spending improving in China.

Retail Sales YTD y/y

  • expected 26.3%, prior was29.6 %

Note the scheduled time for these data has changed to 0700 GMT. China activity datafor May 2021.

NASDAQ index leads the way to the downside in trading today

Nasdaq moved lower after reaching an all-time high closing level at the close yesterday

The major indices are moving lower today led by the Nasdaq one day after it reached an all time high close just yesterday.

  • Dow down for the second day in a row
  • S&P, NASDAQ on pace to snap three-day winning streak
  • S&P index reached a new intraday high before turning around and closing lower
  • NASDAQ having worst day in nearly 2 weeks
  • Dow set to close at lowest level since May 21
  • Energy sector set the close of 52 week high
  • NASDAQ 100 snaps seven day win streak

A look at the final numbers shows:

  • S&P index -8.33 points or -0.2% at 4246.82
  • NASDAQ -101.28 points or -0.71% at 14072.86
  • Dow -93.96 points or -0.27% at 34299.79