SHANGHAI, Jan. 21 (SMM0 – China's major economic data was released last Friday. The market had been optimistic towards economic signal.
During European and US trading, UK's retail sales data was expected flat in December. YoY retail sales growth of the country has been slowing since August 2012, and that would cause the attraction of pound to decrease and pull up the US dollar index. US January CCI was expected to improve slightly due to an agreement on US fiscal cliff issue.
Shanghai base metals prices were expected to open higher last Friday, with increases depending on China's economic data.