The Traderszone Network

China’s latest economic data shows the country’s economy is still growing, but at a much slower rate. CNN’s Andrew Stevens reports.

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Let’s look at the data calendar for today
A busy session with final German and Eurozone CPI plus the latest UK inflation readings too which I’ll be previewing shortly

British insurer Prudential Plc (PRU.L) said on Tuesday its solvency capital ratio was 190 percent on June 30, 2015 under new European rules for insurers. The company’s estimated Group Solvency II surplus at end-June, 2015 was 9.2 billion pounds ($13.11 billion), Prudential said in a statement ahead of an investor day. Prudential also said it appointed John Foley as chief executive of Prudential UK & Europe and as an executive director on its board.

Here’s what the DTCC have listed at the moment
– EURUSD 1.0875 (EUR 382m) 1.0910 (644m)
– NZDUSD
– AUDNZD 1.0650 (AUD 203m)
Not a lot listed so far but I’ll check back later for any updates

Reuters report on
China’s electric power generation
– Fell for the first time in nearly five decades last year
– China generated 5.618 trillion kilowatt-hours (kWh) of power in 2015, down 0.2 percent from the previous year, the first annual decline since 1968, when China’s economy was rocked by the turmoil of the Cultural Revolution
More at that link, above.        

Commentary on the China GDP data today
The BBC report:
– China has reported its latest economic growth data and once again it’s almost perfectly in line with the official target.

They quote various analysts who give reasons for the manipulation of the data (bolding mine as a summary):

Forex news for Asia trading Tuesday 19 January 2016
China:
A sedate sort of session ahead of the awaited Chinese GDP data for Q4. While traders are wary of the veracity of Chinese data, and rightly so, the announcement does have an impact and we are here to trade it.