China's third-quarter GDP rises only 9.6% year-on-year

+ 10.5% expected...

 

China September consumer prices up 3.6%

China Sept. producer prices up 4.3% year-on-year

 

Analysts were expecting 9.5%, so they actually beat by .1%

10.3% was from the second Quarter.

 

shanghai market down close to 2% First big drop since the runup began last week.

 

Asian markets turn lower, futures down now, HOWEVER by tomorrow morning the markets will not only be cheering unemployment numbers but also earnings out of UPS and CAT which should beat estimates by miles. No need to worry, the fed is also here to pump the market higher, sit back and relax, the risk free money is still available to all thanks to the magician bubble ben bernanke.


*S&P FUT
1174.50 -0.20 -0.01%
*DOW FUT
11059.00 -4.00 -0.03%
*NAS FUT
2081.25 -2.50 -0.12%
MAJOR ASIA INDICES
*NIKKEI
9365.27 -16.32 -0.17%
*HSI
23481.84 -74.66 -0.31%
*CHINA
2961.73 -42.21 -1.40%

 

Artists in China are better than in the USA

 

China cooling slightly but still looks strong. The rate hike earlier this week should stabilize the CPI @ ~3.5% without doing too much damage to growth. Canada and Australia should benefit.