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In January, surge in China's manufacturing sector stepped down more than anticipated, hitting an 8-month minimum amid a cooling property market as well as tighter pollution regulations, which have affected factory output.
The data that gives global market participants their first look at business conditions in this Asian country in the beginning of this year, underpinned the view that the Chinese economy is already losing steam after ascending by a better-than-anticipated 6.9% in 2017.
Published on Wednesday, the official Purchasing Managers' Index slumped to 51.3 in January versus December’s reading of 51.6. However, it stood above the 50-point mark, traditionally separating surge from descend on a monthly basis.
Market experts polled by Reuters had predicted that the headline number would go down a bit to 51.5.
In January, a separate PMI on the steel industry tacked on to 50.9 versus December’s reading of 50.2.
In September, China's new home prices managed to surge at a firm tempo, backed by profits in smaller cities and demonstrating that the market was still resilient notwithstanding pressures from softer investment, a decelerating economy as well as…
In September, American home sales went down by the most for more than two years due to the fact that the housing market kept struggling notwithstanding strength across the broader American economy…
In September, Britain's authorities faced a smaller budget deficit than anticipated, although the improvement won’t probably help a lot to have minister Philip Hammond financed as he’s working on his annual budget…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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