Swiss trade surplus dives to 2.3 billion francs in May
In May this year, Switzerland's trade surplus accounted for 2…
China July factory surge cools moderately as export orders descend
In July, surge in China's manufacturing sector slowed, backing hopes that the world's second-largest economy will probably drops in the nearer months because borrowing costs ascend along with regulators weigh on riskier types of financing.
Published on Monday, the official Purchasing Managers' Index showed d51.4 in July, sliding from the previous month's outcome of 51.7, though it was still above the 50-point level, separating surge from contraction on a monthly basis.
Experts polled by Reuters had predicted that the outcome would be 51.6, nearly the same as June’s reading.
China reported stronger-than-expected economic surge of 6.9% for the first half, powered by a year-long construction boom, robust retail sales and resurgent exports.
In July, the sub-index for the construction sector tacked on to 62.5 from June’s reading of 61.4, as the PMI survey by the National Bureau of Statistics revealed.
Similar
Important news for oil traders
The meeting of the Organization of the Petroleum Exporting Countries (OPEC) will take place on June 22.
Daily News: markets are calm
The US dollar index is stopped by the psychological level at $95 again.
Popular
Evergreen buck is steady
On Friday, the major US currency was still steady, and the British pound dived a bit…
America will probe German and Japanese car makers over alleged patent violations
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
Gold edges down toward 3-week minimum after Congress hits spending deal
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
Deposit with your local payment systems
