How has recent economic data from China impacted market sentiment?
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Yo, the latest economic stuff from Chinaโs 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 Marchโs 7.7%. So yeah, itโs 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 โcause 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%. Thatโs 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 โcause the dataโs mixed and the trade stuff isnโt settled.