Several largest American companies will publish their financial results this week. BTCUSD and XAUUSD are skyrocketing. What's going on in the markets?
China considers pilot scheme easing foreign auto companies’ ownership restrictions
In the first half of 2018 China will launch a pilot scheme for the purpose of relaxing restrictions on foreign companies’ ownership of new energy as well as special use vehicles businesses set up within free trade zones, as the foreign ministry informed on Thursday.
In a statement published after a gathering of China President Xi Jinping and US President Donald Trump the ministry also told it would gradually reduce tariffs for cars.
The promise comes as Tesla intends to build a factory in Shanghai. The given electric car maker is eager to expand its presence in the Chinese ascending electric vehicle market without compromising its intellectual property norms or independence.
China, levying a duty of 25% on imported cars, hasn’t permitted foreign car makers to establish wholly owned factories in the world's number one car market. Rumors say this Asian country is about to enable foreign investors to lift stakes in new electric car companies.
The dollar's status as the world's reserve currency could only be recovered if the US controls its spending. The huge budget deficit and rising interest rates on the US national debt should scare every American, analysts say. Read the full report to learn more!
Chinese investors are selling the UST. Meanwhile, the earning season continues. What's going on in the markets?
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!