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The Shanghai Composite and CSI indices closed up during Wednesday’s trading sessions, coming after the China-USA trade war and tariff rhetoric from America, was dialled down during Tuesday’s trading sessions. The Shanghai closed up 1.91% and the CSI up 2.25% as a consequence of the relief rally, despite certain trade metics for China missing forecasts. Retail sales growth fell to a sixteen year low, industrial production missed the prediction, whilst investment also fell sharply. At 8:30am U.K. time, USD/CNY traded close to flat at 6.900, up 2.98% monthly.
Analysts and traders will still remain on high alert with regards to the China-USA tensions, based on recent equity indices and currency movements. At 9:00am futures prices for U.S. equity markets were indicating a marginal fall at the open, for Wednesday’s New York trading session. The dollar index, DXY, traded down -0.10%, maintaining position above the 97.00 handle at 97.47. USD/JPY traded in a tight range with no directional...
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