News · Macro & Markets
Global risk assets rebounded on Oct. 19 after China reported 4.5% third-quarter GDP growth alongside lower oil prices.
Key point 1 of 3
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China's third-quarter GDP grew 4.5% year over year, surpassing the second quarter's 4.3% rate, while retail sales rose 1.1% against 0.5% forecasts .
Key point 2 of 3
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Bitcoin gained 1.3% over 24 hours to hover near $82,500, aligning with a broader global rally in US and Asian equities .
Key point 3 of 3
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Lower crude oil prices coincided with the risk rally, as markets weighed a US Russia waiver and steady Fed rate expectations .
Context
Global markets weathered sharp losses in artificial intelligence equities in the prior week, alongside spikes in the VIX volatility index, before finding technical footing on…
Why it matters
Digital asset holders and equity investors saw renewed liquidity and risk appetite, driven by evidence of stabilizing consumer demand in China and softened energy price pressure .
What to watch
The Federal Reserve's upcoming policy announcement, where benchmark borrowing costs are projected to remain in the 4.75% to 5.00% target range .
Sources
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