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- Despite the positive sentiment in stocks today we can see a small correction due to the bad data
Despite the positive sentiment in stocks today we can see a small correction due to the bad data
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Loading...Sentiment in the stock market are positive, but the bad data from China give us reason to expect investors to be cautioned until begin of the trading in the US.
Asian markets registered growth, but data from China shows a decline in exports by 14% in March, which is a bad signal for the activity of the global economy. Weaker exports means that consumer economies like the US and the Eurozone are slowing. Likely to be due to the strong dollar, because-as China's exports is largely in dollars. These negative data will prove temporary pressure on the stock markets in Europe, it is very possible to see a slight correction after their launch.
Today is a day with a little economic data, so the focus will be on the data from China.
Data last week showed a slowdown, but the indexes continued upward movement. We might conclude that moving is due to inertial direction of the last upward movement. We have no reason to believe that it is possible a deeper correction. We just might see a slight caution after the start of trading in Europe.
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