Asia factory activity bottoms out

Asia factory activity bottoms out

In April, factory activity partly recovered, although still staying on shaky ground due to the fact that global demand was still subdued because China's stimulus measures were yet to demonstrate their full pulling power.

It left the outlook for the region's major financial institutions stuck to easing, with New Zealand and Malaysia prime suspects for potential rate interest cuts, while Australia whose policymakers also meet next week faces soaring calls to ease.

According to business polls, factories were struggling worldwide, with euro zone data later on Thursday anticipated to reveal a contraction in the manufacturing sector as well as the US economy still soaring, although missing hopes for a wider margin on Wednesday.

The major US bank held interest rates intact overnight, telling it saw no strong case for either lifting or cutting them, thus disappointing American stock markets.

A resolution in the trade clash between China and America would go a long way towards improving the marketed sentiment.

Despite persisting uncertainty, American Treasury Secretary Steven Mnuchin told that the two countries completed fruitful negotiations on Wednesday and were close to an agreement that would roll back a portion of the $250 billion in American levies on Chinese goods.

Purchasing Managers' Indexes indicated that manufacturing activity shrank in Taiwan and Malaysia in April, speeded down in Indonesia and the Philippines, and picked up a notch in Thailand and Vietnam.

According to official data, activity in China managed to expand for the second month in a row in April, although at a much slower tempo than anticipated.

South Korean manufacturing snapped a five-month losing marathon, although was still poor with new export orders diving for a ninth consecutive month and also subcomponents of the index indicating sluggish demand abroad and at home.


China's retail sales surge dives to 16-year minimum
China's retail sales surge dives to 16-year minimum

On Wednesday, China posted shockingly weaker surge in retail sales as well as industrial output for April, thus increasing pressure on the Chinese cabinet to roll out more stimulus because the trade conflict with America escalates…

American import prices rally a bit
American import prices rally a bit

In April, American import prices surged less than anticipated in April due to the fact that jumps in the cost of food and petroleum were tamed by the largest tumble in the price of capital goods for a decade, dropping a hint at the fact that inflation…

Latest news

Turkey has Decreased Interest Rates, But is it a Buy?
Turkey has Decreased Interest Rates, But is it a Buy?

Turkey’s central bank governor was at a crossroads: to hold interest rates and take a risk to be fired like it was for three governors before him, or to comply with the president, to cut rates, and to risk the market. Let’s find out, how to react to the rate cut.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera