Breadth divergence is a troubling sign for the stock market

China’s economy shows more signs of recovery in June

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China’s major economic indicators showed fresh signs of recovery in June, official data released Friday showed, after Beijing eased strict COVID-19 restrictions that kept millions of people confined to their homes and shut factories.

Retail sales, a key gauge of China’s consumption, rose 3.1% from a year earlier in June, rebounding from a 6.7% decline in May, the National Bureau of Statistics said. Economists polled expected China’s retail sales to have fallen 1.0%.


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