With mortgage applications heading south to their lowest value since late-2014, the American home lending sector is currently experiencing a key overhaul in how it’s getting on and also manages staffing levels…
China boasts more room to tackle its debt
Ascending corporate revenues are giving Chinese policymakers enough room to do more to tame the country’s surging debt issues without inflicting key damage on the national economy.
Revenues are soaring even though financial conditions are definitely tightening in some crucial areas of the Chinese economy. For instance, lending rates have tacked on, regulators have already clamped down against risky lending. Moreover, they have moved to take the heat out of the country’s property sector.
The Chinese economy is also steadily on course to meet the government's GDP surge objective in 2017 of approximately 6.5%.
Although it’s far from certain the Chinese authorities will keep tightening credit conditions. Some financial experts expect policymakers to move that way as soon as President Xi Jinping manages to consolidate power at a major five-yearly Communist Party Congress later in 2017.
By the way, the Chinese government has made cutting the country’s debt burden a number one priority in 2017 after credit tacked on following the global financial downtime.
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
The "no-deal" Brexit has never been so close! In other news: the AUD is rising, comments from BOJ Governor Mr. Kuroda and more
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…