Global weekly: So far, so good

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The global economy continues to do well. This is confirmed by China’s third-quarter growth data and the beige book of the US Federal Reserve. The start of the third-quarter earnings season, though, was mixed.

Macro update

In Beijing, the Chinese Communist Party is gathering for its 19th National Congress. At the same time, real GDP growth of the third quarter was reported. It came in at 6.8% y-o-y, in line with market expectations including ours. This compares to a growth rate of 6.9% y-o-y in the first and second quarter

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