External broker reports(aggregated public sources), ABN AMRO

ABN AMRO

ABN AMRO is a personal bank in the digital age. A bank committed to playing a serious role in society. This digital age helps us to bring banking ever closer to our clients and what they need. Our areas of focus are inclusion, sustainability, social entrepreneurship, innovation, daily banking and more. Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Macroeconomics

<ul><li>Following the September macro data and the October PMIs, the ‘hard’ activity data for October published this morning bring further signs that China’s growth momentum is picking up in the final quarter of this year.</li><li> Particularly retail sales came in stronger than expected, with annual growth rising to a ten-month high of 4.8% yoy (September: 3.2%, consensus: 3.8%). </li><li>On a monthly basis, retail sales grew by 0.4% mom s.a. (September: 0.6%). </li></ul>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Following the September macro data and the October PMIs, the ‘hard’ activity data for October published this morning bring further signs that China’s growth momentum is picking up in the final quarter of this year. Particularly retail sales came in stronger than expected, with annual growth rising to a ten-month high of 4.8% yoy (September: 3.2%, consensus: 3.8%). On a monthly basis, retail sales grew by 0.4% mom s.a. (September: 0.6%). Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China - October Data Suggest Demand Side Is Improving