Vantage uses cookies that are essential for our website to work. We also use optional analytical cookies to help us to improve our website and the services, content and ads we provide to you which you can accept or reject here. Please see our Cookies Policy for more information on how we use cookies.
CFDs and Spread Bets are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.5% of retail investor accounts lose money when trading CFDs and Spread Bets with this provider. You should consider whether you understand how CFDs and Spread Bets work and whether you can afford to take the high risk of losing your money. Please seek independent advice if necessary.
The MSCI China Index ended the quarter down around 23%, with the country’s strict zero-Covid policy and regulatory issues resulting in a $5 trillion retreat for Chinese stocks since early 2021. This week is expected to provide some support to the nation’s stocks, given the major economic releases scheduled for release.
Which economic reports are scheduled for release this week?
Starting Tuesday, China will release data on its GDP growth rate, retail sales, industrial production and unemployment rate. The country’s economy missed market expectations, expanding by 0.4% year-over-year in the second quarter, slowing sharply from 4.8% growth in the previous quarter. Analysts are expecting some rebound, with the GDP expected to have grown by 0.8% in the third quarter.
China’s retail trade increased 5.4% year-over-year in August, while its surveyed urban unemployment fell to 5.3% in August, recording the lowest level since January 2022.
Data on the house price index will be released on Wednesday. The average new home prices in the country’s 70 major cities declined 1.3% from a year ago in August 2022, dropping for the fourth consecutive month. What will this week’s data reveal?
Why are these reports so important?
China’s tech stocks are under immense pressure due to the US announcing fresh export controls against the country’s tech companies. Better-than-expected economic data this week might lend some support to the sector, along with the overall stock market.
China 50 Prospects
The reaction to reported new Covid-19 variants has impacted China’s stock market. During September, the country’s central bank also injected a significant amount of cash into the Chinese money market to meet liquidity demand. Analysts are expecting some rebound in the China 50 index, which has recorded sharp losses in the recent period.
Significant economic releases could lead to new trading opportunities. Begin your stock and index trading journey with Vantage. Open a RAW ECN account and start trading with spreads from 0.0 pips.
Fast & easy account opening
-
Register
Choose an account type and submit your application
-
Fund
Fund your account using a wide range of funding methods.
-
Trade
Access 1000+ CFD instruments across all asset classes on MT4
About us
Vantage is a global, multi-asset broker offering clients access to a nimble and powerful service for trading CFDs on Forex, Commodities, Indices, Shares.
With more than 10 years of market experience and headquartered in Sydney, Vantage now has over 1,000 staff across more than 30 global offices.
Vantage is more than a broker. It provides a trusted trading ecosystem that enables clients to achieve their own success, in a faster and simpler manner.
Empowering you to better trade on the right market opportunities. trade smarter @vantage.
