China (SHCOMP) -1.98%. China Q4 GDP grows less than expected at 5.2% amid weak spending, property market decline. China’s December industrial output up 6.8% y/y, retail sales growth below forecast. China’s surveyed urban unemployment rate inched up to 5.1% in December 2023 from 5.0% in the previous three months, which was the lowest jobless rate since November 2021. Markets are less certain on whether the PBOC will ease policy further soon due to renewed depreciation on the yuan, although a deflationary environment and a shaky economic recovery continued to support easing bets. In the U.S. on Tuesday, all three major indexes ended lower impacted by increasing yields and comments from Federal Reserve Governor Waller, suggesting the Fed may not cut…
