On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
British industry leaps in October
In October, UK industry managed to expand at the fastest annual pace in a year. However, a downturn in construction along with a mixed trade performance left experts split as for the outlook for the British economy next year.
The UK economy has lost momentum in 2017 because consumers suffered from higher inflation provoked by sterling's dip after the previous year's Brexit vote, although some exporters have derived benefits from the weaker pound as well as the stronger euro zone economy.
The country’s industrial output jumped 3.6% in October versus 2016, which is the biggest rally since December 2016.
However, in October alone, there was no growth in industrial output, except a 0.1% jump in its factory output component, as the Office for National Statistics informed.
Market experts were split over the data that also demonstrated the sharpest one-month sag in construction output since March last year.
According to business surveys, factories are appreciating demand from a leaping European economy, simultaneously facing a leap in price pressures.
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…