Markets Slide Despite Stimulus Hopes After Dire Chinese Data; Yields Plunge

Zero Hedge | May 15, 2019 at 11:42 AM
  • It’s about time we had some bad news which, as everyone knows, is great news for central-bank supported, centrally-planned markets.
  • Upside in the energy market is also capped by the IEA Monthly Oil Report which cut 2019 oil demand growth estimate by 90k bpd to 1.3mln bpd.
  • Industrial production (+5.4% yoy vs. +6.5% expected), retail sales (+7.2% yoy vs. +8.6% expected) and fixed asset investment (+6.1% ytd yoy vs. +6.4% expected) all missed and slipped from March, although a bright spot was property investment which rose one-tenth to +11.9% yoy.