friday after thursdsay, page-3

200pt spike in hang seng:

(IGM)[CHINA] as expected unleashed a set of sterling Nov econ data which probably surprised no one, not even at cabinet...
[CHINA] as expected unleashed a set of sterling Nov econ data which probably surprised no one, not even at cabinet level who have taken early initiatives this week to tweak stimulus with more to come. Nov's CPI came to +0.6% y/y, rmred +0.5% y/y, f/c +0.4%; PPI -2.1% y/y , f/c +0.4%; Industrial Output rose +19.2% y/y vs Oct +16.1%, but the strong data was forewarned by Industry Minister Li Yizhong yest without being specific; Fixed Assets Investments (ytd) came to +32.1%, f/c +33.0%; and Retails Sales climbed +15.8%, f/c +16.5%.