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Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID
Chinese Stocks, Yuan Drop After Dismal Data Dump: Worst Retail Sales Since COVID
China’s consumer spending and investment slumped in May to levels unseen since the pandemic, exposing risks for an increasingly two-speed economy, as Bloomberg's Chang Shu and Eric Zhu noted:
"The supply side remains robust, driven by faster-than-expected expansion in exports and AI tech sectors.
The demand side has faltered, with consumption and private non-tech investment plummeting."
Here's the details:
Industrial Production
Industrial production (IP) growth rose modestly to 4.5% yoy from 4.1% yoy thanks to stronger-than-expected exports, although automobile output growth remained...
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May 7, 2026 / Tyler Durden
French Carrier Traverses Suez Canal For Belated Possible Hormuz Mission
French Carrier Traverses Suez Canal For Belated Possible Hormuz Mission
France and Britain could be poised to very belatedly join the party in Middle East regional waters, according to movements of warships as well as fresh statements.
Egypt and France on Wednesday oversaw the transit of the French aircraft carrier Charles de Gaulle through the Suez Canal as part of a southbound convoy, the Suez Canal Authority announced.
Charles de Gaulle carrier, via National Interest
The French Ministry of the Armed Forces has announced the nuclear-powered carrier is deploying to the Red Sea...
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Stefan Molynuex
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May 1, 2026 / Tyler Durden
Trump Threatens To Pull Some US Troops Out Of Germany While Lambasting 'Ineffective' Merz
Trump Threatens To Pull Some US Troops Out Of Germany While Lambasting 'Ineffective' Merz
German Chancellor Friedrich Merz has been a bit on the defensive since his earlier in the week swipe at President Trump over launching the war against Iran. The German leader had told students in a talk that the US is being "humiliated" by Iranian leaders. He had also asserted, "If I had known that it would continue like this for five or six weeks and get progressively worse, I would have told him even more emphatically."
As we...
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