Chinese GDP Grows at Slowest Pace in Over a Quarter-Century.
In this report, I cover the early, market action from London on Monday, July 15th, 2019. I look briefly at the precious metals, the stock market, the dollar, the bond market and the price of WTI and Brent crude oil.
Today I look at the economic data that has come out of China and how markets usually react to economic data and how the market's expectations of the data are actually more important of what the data actually is. So despite the fact that the Chinese GDP growth for Q2 was the slowest in over a quarter-century, it was in line with expectations so it was pretty much priced into the markets.
I also go through the major economic data coming out this week for the U.S. and U.K. economies. I also give an update on Gold Investments as it relates to cryptocurrency and that they are looking to accept bitcoin for physical gold and silver.
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