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China lifts market on first positive retail sales report

Global stock markets have edged higher after China reported a positive retail sales report for the first time in 2020. Learn more here.

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This article was originally published by Admiral Markets

Asia stocks edged higher in early Tuesday trading buoyed by a positive Chinese retail report. According to China’s National Bureau of Statistics, retail sales rose 0.5% in August from a year ago, recording the first positive rise in 2020.

Did you know that you can speculate on the price of the China A50 Index using Futures Contracts for Difference (CFDs)? This allows you to potentially profit from both rising and falling markets. Get started with a free demo trading account today!

China also reported a rise of 5.6% in industrial production from a year ago. While Asia stocks moved higher, moves were subdued as retail sales for the country for the first eight months of the year was still down 8.6%.

The positive tones also helped to lift global stock indices. Although a weakening dollar throughout the session also helped provide some support. Traders will now be focused on Wedensday’s FOMC Press Conference and the next actions from the US Federal Reserve.

How to trade the China A50 Index with Admiral Markets UK Ltd

If you are feeling bullish or bearish on the price of the China A50 Index or other instruments, you can speculate on its price direction using CFDs. To get started, follow these five simple steps:

  1. Log in to your existing Admiral Markets trading account, or open a live or demo trading account in just a few minutes.
  2. Click Trade on your chosen account which will direct you to the Admiral Markets MetaTrader Web Platform.
  3. Type in China50, or another instrument, at the bottom of the Market Watch search box and then drag the symbol onto the chart.
  4. Use the one-click trading feature on the chart or right-click on select Trading -> New Order.
  5. Choose your entry, stop loss and target levels and position size (volume) and then confirm the trade.

China50_U0 Weekly chart

Source: Admiral Markets MetaTrader 5 Web, China50_U0, Weekly – Data range: Feb 9, 2014, to September 15, 2020, performed on September 15, 2020, at 7:09 am BST. Please note: Past performance is not a reliable indicator of future results.

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INFORMATION ABOUT ANALYTICAL MATERIALS:

The given data provides additional information regarding all analysis, estimates, prognosis, forecasts, market reviews, weekly outlooks or other similar assessments or information (hereinafter “Analysis”) published on the website of Admiral Markets. Before making any investment decisions please pay close attention to the following:

1.This is a marketing communication. The content is published for informative purposes only and is in no way to be construed as investment advice or recommendation. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and that it is not subject to any prohibition on dealing ahead of the dissemination of investment research.

2.Any investment decision is made by each client alone whereas Admiral Markets UK Ltd (Admiral Markets) shall not be responsible for any loss or damage arising from any such decision, whether or not based on the content.

3.With a view to protecting the interests of our clients and the objectivity of the Analysis, Admiral Markets has established relevant internal procedures for prevention and management of conflicts of interest.

4.The Analysis is prepared by an independent analyst Jitan Solanki, Freelance Contributor (hereinafter “Author”) based on personal estimations.

5.Whilst every reasonable effort is taken to ensure that all sources of the content are reliable and that all information is presented, as much as possible, in an understandable, timely, precise and complete manner, Admiral Markets does not guarantee the accuracy or completeness of any information contained within the Analysis.

6.Any kind of past or modeled performance of financial instruments indicated within the content should not be construed as an express or implied promise, guarantee or implication by Admiral Markets for any future performance. The value of the financial instrument may both increase and decrease and the preservation of the asset value is not guaranteed.

7.Leveraged products (including contracts for difference) are speculative in nature and may result in losses or profit. Before you start trading, please ensure that you fully understand the risks involved.


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