Chinese Growth Lifts UK Listed Miners & UK Retail Sales Eyed -- City Index UK LONDON -- (Marketwire) -- 01/18/13 -- City Index UK: Stronger than expected Chinese growth figures helped to lift UK listed miners in a slow start to trading on Friday in London. Chinese GDP bounced back to grow at 7.9% in the fourth quarter, its first growth in expansion for 7 quarters and lofting optimism that resource demand can continue to track a similar rate of expansion. Read Full Article at cityindex.co.uk: Chinese growth lifts UK listed miners & UK retail sales eyed Listed UK miners are dependent on Chinese demand for resources. The correlation between Chinese GDP and the FTSE 350 mining sector is undeniable. As such, it is no real surprise to see miners such as BHP Billiton lifted in trading today, with Chinese GDP beating forecasts of 7.8% growth in Q4. Chinese industrial production increased to 10.3% against expectations of 10.1% whilst retail sales also grew faster than expected to 15.2%. The key here however will be sustainability. Investors in mining stocks can ill afford volatility in Chinese growth after consecutive quarterly slowdowns and given the rate of spending in Chinese infrastructure to help speed growth. We are still awaiting broader evidence of the People's Bank of China's next move in terms of stimulus and Chinese inflation -- which increased to 2.5% last month (stronger than expected) -- will inevitably be a key measure to take into consideration for further monetary expansion. The FTSE 350 mining sector has underperformed the benchmark UK Index already this year, despite the positive tone to trading and risk appetite. Read more About City Index: City Index is one of the world leaders in spread betting and CFD trading. Established in the UK in 1983 we have grown to become leading providers of contracts for difference, Forex and spread betting over the past 29 years. Spread betting is a leveraged product, meaning that you can take a position by initially depositing just a small percentage of the full value of your trade -- typically between 1% and 10% of the total trade value. Your losses are magnified in exactly the same way as your gains if the market moves against you and can result in losses exceeding your initial outlay. Please ensure you fully understand the risks involved. Contact: Joshua Raymond City Index +44(0)20-7107-7002 firstname.lastname@example.org
Chinese Growth Lifts UK Listed Miners & UK Retail Sales Eyed --
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