BlackRock upgrades US Treasuries, cites French bond sell-off as selectivity lesson
BlackRock upgrades US Treasuries, citing higher yields as a cushion, and says the French bond sell-off highlights the need for selectivity.
1 h ago18 min read
Retail sales in September, along with China's Q3 GDP, topped forecasts
China's Q3 GDP rose 4.5% year on year and 1.2% quarter on quarter, while September retail sales grew 1.1%, all above expectations.
19/10/2026 03:123 min read
In September, retail sales were up 1.1% year on year.
- That beat the 0.5% consensus and accelerated from the 0.4% pace seen earlier.
Industrial production rose 5.5% from a year earlier.
- The expected figure was 5.4%, with the prior reading at 5.2%.
Year-to-date fixed asset investment fell 7.2% year on year.
- Forecasts had called for a 7.3% decline, while the previous print was also -7.2%.
China's third-quarter gross domestic product increased 4.5% on the year.
- Estimates had pointed to 4.4%, after 4.3% in the preceding quarter.
Sequentially, third-quarter GDP was up 1.2% quarter on quarter.
- The consensus stood at 1.1%, compared with 0.9% prior.
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