China’s new leaders face a test of their resolve to forgo short-term stimulus for slower, more- sustainable growth after May trade, inflation and lending data trailed estimates, signaling weaker global and domestic demand.
China’s trade, inflation and lending data for May all trailed estimates, signaling weaker global and domestic demand that will test the nation’s leaders’ resolve to forgo short-term stimulus for slower, more-sustainable growth.
Treasuries snapped their longest losing streak in two months on speculation the economy may be slowing after reports showed manufacturing in the New York region shrank this month and producer prices dropped the most in three years in April.
Chinese stocks fell in New York for the first time in six days, led by Spreadtrum Communications Inc., on concern the Federal Reserve will step back from more stimulus, curbing inflows into emerging markets.
Steel reinforcement-bar futures in China fell for the first time in five sessions after the government said the decline in factory-gate prices deepened, raising concern that an economic slowdown may be protracted.
Hong Kong stocks fell, with the benchmark index halting a four-day advance, after China’s inflation rose more than expected while producer prices declined. Solar companies slid on a report of European tariffs.