European markets are expected to open higher as investors assess the impact of the latest data out of China.
industrial production and retail sales figuresIndustrial production increased by 3.7% year on year, missing the 4.4% expected by economists polled by Reuters. On a year to date basis, industrial production increased by 3.8% year-on-year.
Separately, retail sales in China grew 2.5% year-on-year, with total retail sales reaching 3.68 trillion yuan in July, lesser than the 4.5% growth rate expected by the Reuters poll.CNBC Pro: 'China has disappointed': These are the top markets and stocks to invest in, according to the pros Investors have been fleeing China markets in favor of others for much of this year, fearing its weak economic recovery.
Here are some alternatives to China and the stocks to invest in, according to the pros, who also discuss whether Chinese stocks will make a comeback.
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