Follow the BOE monetary policy and rate statements on August 6 at 14:00 MT time…
China intends to utilize all necessary means to defend interests versus US trade probe
China is on the verge of utilizing all necessary means for the purpose of defending the interests of the country as well as its companies versus an American trade investigation, as a spokesman for the Ministry of Commerce told on Thursday.
On Monday, the ministry expressed great dissatisfaction with the recent American launch of the probe into China's hypothetical theft of American intellectual property, labeling it irresponsible.
The given probe happens to be the Trump administration's first direct measure versus Chinese trade practices that the White House along with American business groups tell are literally bruising US industry.
China's cabinet issued a bunch of guidelines to manage overseas investments, with key sectors encouraged as well as others limited or banned outright.
Mergers along with acquisitions by Chinese companies in countries closely connected with the Belt and Road initiative have been surging at a quick rate, even as the authorities take aim at China's acquisitive conglomerates to tame capital outflows.
The market has started the week with a mixed sentiment…
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.