Lowest China GDP growth in 25 years. EUR/USD at 1.0866.

Latest GDP figures revealed that China’s economy grows at slowest pace in 25 years.

The national bureau of statistics’ bulletin showed GDP growth at 6.8% in the three months to December, compared with 6.9% in the previous quarter. Though the slide was not a surprise, as the expectations were exactly 6.8%, the figures posted showed that growth in the world’s second-biggest economy is slowing.

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Chinese Economy faces a number of challenges, including weak exports, high debt levels and slowing investment.

China’s industrial output in December rose 5.9% from buy modafinil a year earlier, compared with forecasts for a 6.0% increase.

Stock markets in Asia reacted to the release of canadian pharmacy viagra Chinese data positively, as the actual results matched with expectations.

The performance of major Asian indices is shown below:

  • Shanghai Composite posted a 3.22% gain closing at 3,007.74 today.
  • Nikkei 225 was up 0.55% closing at 17,048.37.
  • Hang Seng Index increased by 398.36 points, which represents a 2.07% increase from previous close.

Oil prices slightly recovered during Asian session.

As of 2:44 ET the following figures are available:

  • WTI Crude oil was trading at 29.67 USD/bbl, meaning a 0.85% gain.
  • Brent Crude was trading at 29.33 USD/bbl, representing a 2.73% increase.

As of 3:00 AM EST the EUR/USD was trading 0.0024 points below canadian pharmacy cialis the previous close, which is 0.22% lower its previous close.

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I’m a finance specialist with 4+ years of working experience, out of which 2 years as a SME relationship manager at Byblos Bank and 2 years as a Finance Director in a Food & Beverage sector. My academic background include BA in economics, MA in finance, CFA Level 1 and F1, F2, F3 level of ACCA. I’m also experienced in Forex/CFD trading and Forex/ Equity markets analysis.

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