Asian markets are higher on the back of the rally in the U.S. stock market, and after Chinese Q1 GDP beat expectations. Japan's Nikkei is up 2%. Australia's S&P/ASX 200 is up 0.5%. China's Shanghai Composite is flat. Hong Kong's Hang Seng is up 0.5%. While the latest data beat expectations it confirmed fears of China's economic slowdown. Q1 GDP was up 7.4% on the year, but down from 7.7% the previous quarter. Quarter-over-quarter GDP was up 1.4% or 5.7% annualized. The Aussie dollar got a nice p...
Asian markets are higher on the back of the rally in the U.S. stock market, and after Chinese Q1 GDP beat expectations. Japan's Nikkei is up 2%. Australia's S&P/ASX 200 is up 0.5%. China's Shanghai Composite is flat. Hong Kong's Hang Seng is up 0.5%. While the latest data beat expectations it confirmed fears of China's economic slowdown. Q1 GDP was up 7.4% on the year, but down from 7.7% the previous quarter. Quarter-over-quarter GDP was up 1.4% or 5.7% annualized. The Aussie dollar got a nice p...
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