How has recent economic data from China impacted market sentiment?
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Yo, the latest economic stuff from Chinaβs kinda all over the place, and people in the market are feeling it.
Factory output went up by like 6.1% in April, which is decent, but slower than Marchβs 7.7%. So yeah, itβs good but not amazing.
Retail sales? They only grew by 5.1%, missing the expected 6%. Looks like people are still holding back on spending, probably βcause of trade drama and the slow housing scene.
Speaking of trade, the U.S.-China trade war is still messing things up. Even with a pause, tariffs are still high, and exports to the U.S. dropped a lot, like 21%. Thatβs got investors kinda nervous.
Because of all that, the market vibe is a bit down. Oil prices took a hit, and global markets are playing it safe.
So yeah, some good signs here and there, but overall folks are kinda cautious βcause the dataβs mixed and the trade stuff isnβt settled.