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In July, China's services sector expanded at a moderately slower pace because new business surge eased, as a private business survey revealed on Thursday, paying attention to potential softening in a major part of the world's number two economy.
The findings happened to be in line with Monday’s official estimate of the non-manufacturing sector that also showed that surge in the services sector decreased, contributing to views that the Chinese economy could slow moderately in the nearer months after a strong start to the year.
In July, the Caixin/Markit services purchasing managers' index went down to 51.5 from June’s reading of 51.6.
While the sag was marginal, the outcome matched April’s level that appeared to be the lowest result since May 2016.
New business kept expanding at a decent clip, although at a modestly slower tempo. The rate of surge in new work inched down to a 16-month minimum.
As for employment in the services industry, it improved moderately because companies kept adding employees notwithstanding a slower pace.
In August, American home sales stood still, although inventory added for the first time for three years because the housing market kept struggling notwithstanding strength across the broader American economy…
The Canadian dollar has chances to keep trading at good levels. According to the recent statement of the Bank of Canada, the country’s economic data are in line with the forecasts.
The main focus today is on the UK retail sales, which are expected to fall by 0…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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