LONDON—Global shares and commodities slipped on Monday after data showed the Chinese economy is growing a lot more slowly than expected, while the dollar eased as traders ramped up their bets for an imminent end to U.S. rate rises.
China reported economic growth of 0.8 percent in the second quarter, above the 0.5 percent forecasted, while the annual pace slowed more than expected to 6.3 percent, well below expectations for a reading of 7.3 percent.
Last week brought a broad sweep out of the dollar and into risk assets like equities and emerging market currencies, as well as into bonds, after a cooler reading of U.S. consumer inflation was enough to convince investors that the Federal Reserve could deliver the final rate hike of its monetary policy cycle this month….