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…
China December factory surge accelerates to four-month maximum
In December, surge in China's manufacturing sector suddenly accelerated to a four-month maximum because factories cranked up output just to meet a soar in new orders, as a private business poll disclosed on Tuesday.
The reading revealed shocking resilience in the world's number two economy at the end of 2017, although it turned to be at odds with a much larger official poll on Sunday, pointing to a moderate loss of momentum.
The Caixin/Markit Manufacturing Purchasing Manager's Index rallied to 51.5 the previous month versus November’s reading of 50.8, thus far outpacing economists' hopes for a moderate ascend to 50.6.
The 50-mark traditionally divides contraction from expansion on a monthly basis.
Market experts have hoped for some softening in China's manufacturing activity because a cooling property market, a punishing crackdown on air pollution as well as higher borrowing costs all start weighing on the world's number two economy.
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.
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