Will the Fed Chair changes his views during the speech today?
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.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.