S&P 500 futures give up early evening gains following the weak Chinese GDP print, now -0.2%. The Hang Seng +1.6%. Shanghai flat. The biggest reaction is in the Aussie dollar, -0.4% to $1.0396. While the slow number may add to global economic concerns, it presumably opens the door a bit wider to a shot of monetary stimulus from Beijing.
Chinese Q1 GDP grows 8.1% Y/Y vs. expectations for 8.5% and 8.9% growth in 2011 Q4. Industrial production +11.9% Y/Y vs. estimates of 11.4%. Retail sales +15.2% vs. 15.1%.
Chinese Q1 GDP grows 8.1% Y/Y vs. expectations for 8.5% and 8.9% growth in 2011 Q4. Industrial production +11.9% Y/Y vs. estimates of 11.4%. Retail sales +15.2% vs. 15.1%.
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