China and Risk Off

For a long time, the Chinese economy is not mentioned in the world's main lobby, which publish the first negative signals for the dynamics of financial markets. Neither GDP growth nor the last publication on inflation, no data on the index of business activity are a factor for adverse movement of risk assets.
Many financial market participants are talking about the upcoming US presidential elections, raising the Fed's rates, Bank of Japan's decision on the new incentive program, Brexit and so on. The existence of a major player in the current global market - China, all forgotten. As a rule, unexpected negative news can cause large fluctuations in the financial markets. Chinese "miracle" last August is still fresh in the memory, when global trade demonstrated aggressive drop in prices down. A similar situation was in the beginning of this year, and once again the reason was the Celestial Empire.