Key data releases will unveil market trends🗣️
Looking into next week, we'll get US retail sales and Fed minutes, as well as China's MLF rate decision and more real economic data releases (IP, retail sales, new home prices). Chinese data over the past week continued to look dire, with new loans at the lowest levels since 2009(!), while aggregate total social financing also missed dramatically at $528bln vs $1.1trln expected. Sentiment remains fragile with A-shares having given back ~50% of the post-politiburo gains, while investors continue to wait (nervously) for any real signs of PBoC easing and what time it might take.
