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US stock futures rise on China data ahead of upcoming Federal Reserve policy meeting

4 days ago   |   By

Federal Reserve Chairman Jerome Powell testifies on Capitol Hill
Reuters
Most stock indices were up on Tuesday following upbeat Chinese retail sales data. Retail sales in China rose for the first time in 2020 by 0.5%. Traders also prepared for the Federal Reserve policy meeting that starts on Tuesday. Gold rose to a 2-week high as confidence in markets drove investors to sell US dollars. Visit Business Insider's homepage for more stories. US stock index futures rose on Tuesday, pointing to a second day of gains on Wall Street, after Chinese data reflected ongoing recovery in the world's...
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China's retail sales rise the first time this year in August, as the world's second largest economy recovers from the pandemic

4 days ago   |   By

China's economic growth hit a three-decade low in 2018, adding to pressure on Beijing to beef up stimulus measures and settle a tariff war with Washington.
AP Photo/Andy Wong
China's economy recovers further from COVID-19 as retail sales rose for the first time this year. Retail sales rose by 0.5% in August compared to last year. The unemployment rate fell to 5.6% in August from 5.7% in July, but still above pre-crisis average Industrial activity rose by 5.6% year on year, marking its fifth consecutive month of increases. Economist Marc Ostwald said while China is faring better than other...
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