FXstreet.com (Barcelona) - Asian markets are mixing green and red number today's Friday session on the back of the better than expected data in US, yesterday, and China today morning. Nikkei decline on less than expected GDP growth. Dollar continues under strong pressure and it is falling across the board.
China industrial production and retail sales have improved in August. Retail sales rose 15.4% between July and August, Industrial production has risen 12.3% in August on more signs of economic recovery.
The ecPulse.com analysis team comments: Yearly retail sales in China inclined by 15.4% during August, compared with 15.2% in July, and it came better than forecasts that referred to 15.3%. Increasing retail sales is adding to signs of recovery that China's economy started to show since the beginning of the second quarter. China's stimulus plan of 4 trillion yuan managed to spur domestic demand that continued to support the economy to realize accelerating growth. Retailers in China may have increasing revenues by the end of this year, especially with improving economic conditions.
Japanes GDP has risen 0.6% in the 2Q, less than 0.9% increased in 1Q. Consumer confidence in Japan has improved to 40.4 in August from 39.7 in July.
Nikkei 225 index is declining 0.66% to trade below 10,500 level, Hang Seng index posts 0.80% daily advances consolidating positions above 21,000 and the S&P 500 in trading 0.55% above openind index level.
The lower Greenback
The Dollar remains under pressure, USD/JPY has fallen below 91.00 level for first time since February, currently pair is trading 0.65% below today's opening price action at 91.74 to the current 91.10.
EUR/USD has jumped above 1.4600 and currently is fighting to hold this field. GBP/USD is testing 1.6700 field.