The United States has one week before default, and NVIDIA may become the next Tesla. What else drives the market?
China exports surge demonstrates eight-month maximum
In November, China's exports and imports suddenly speeded up in rather an upbeat sign for the world's number two economy, although experts expect surge to keep cooling amid a government crackdown on financial risks as well as polluting factories.
As global demand has shocked by its strength, customers have lapped up Chinese goods at a fast rate in 2017, giving the Chinese economy a push and providing policy makers with enough room to tighten rules to tame high-risk lending.
In November, exports rallied 12.3% year-on-year, which is the fastest tempo for eight months, driven by firm sales of electronics as well as high-tech goods. Meanwhile, commodity purchases helped to raise imports.
The given number confounded experts’ estimate of a 5% leap.
Tighter rules to tame risks from a fast build-up in debt and reduce pollution have put pressure on the country’s overall activity since the third quarter.
Some progress in US debt ceiling talks is made, and the PMI data is out.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!