Charting the Markets: Investors Watch China Data and U.S. Rate Outlook
Once again investors have two things on their minds: China and the Federal Reserve. Weekend data showed a bigger-than-expected 6.9 percent drop in China's exports in October in dollar terms, while imports sank 18.8 percent. The figures put further pressure on authorities to boost the flagging economy. Investors will have further opportunities to gauge the health of the world's second-biggest economy this week, with the release of consumer price and producer price data, as well as retail sales and industrial production. When it comes to the Fed, the odds of a U.S. rate increase in December have risen to 68 percent, according to Bloomberg data, following Friday's stronger-than-forecast jobs report. Global stocks are little changed after the MSCI All Country World Index fell for a second week.
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