As we all see the markets opening on the down, clossing more down to wake up on the dowm, we see añso weakness currency stable on its market. We don't mind because gasoline cost has drop to pocket side consumer that keeps his attention out of radar of the main issues going around.
Illuminati getting its control?
Lets see labor week news to get the overview picture of what we are able to know. JR
Global equities were roaring higher at the time of writing following an uptick in eurozone GDP growth and contrasting German and Chinese trade data (see below). While the data was good in Europe, it was poor in China, although the figures have no doubt sparked hopes of more loose economic policy in the country - hence the rise in stocks. However, oil was adding to yesterday's sharp losses amid concerns about the economy - notwithstanding today's equity markets - and flailing attempts to curb oversupply.
Economy
Chinese imports fell for the tenth month in a row, tumbling a greater than expected 13.8% in August vs consensus of -8.2% and a drop of 8.1% in July. Exports dived 5.5% vs -8.3% previously. The fall in imports reflects lower global commodity prices and sluggish internal demand. While for many observers the dollar trade figures will do little to allay worries about China's stumbling economy, research firm Capital Economics reckons that "trade has actually been quite healthy recently in volume terms."
German exports recovered to climb 2.4% on month in July after dropping 1.1% in June and blew past consensus of +0.7%. Imports grew 2.2% vs -0.8%, while the trade surplus rose to a record €22.8B from €22.1B. However, the numbers come a day after data showed that industrial output slowed in July and after GDP missed forecasts.
Eurozone Q2 GDP growth has been revised up to 0.4% on quarter from an initial estimate of 0.3%, boosted by household consumption and exports. GDP expanded 0.5% in Q1.
While the eurozone's GDP grew better than first thought, Japan's economy contracted an annualized 1.2% in April-June vs an initial estimate of -1.6%. However, capital expenditure fell 0.9%, more than the original estimate of 0.1%, clouding growth prospects.
Japanese Prime Minister Shinzo Abe has won a rare second three-year term as the President of his Liberal Democratic Party after a potential rival was unable to muster enough sponsors to launch a challenge in a vote. While Abe wants to "spread the feeling of recovery to every nook and cranny of the regions," the 1.2% fall in GDP in Q2 suggests that his radical reform program is stuttering. Still, Abe's victory represents a rare period of stability in Japan's often turbulent political scene.
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