Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
China November factory surge suddenly picks up notwithstanding pollution crackdown
In November, surge in China's manufacturing sector suddenly gained notwithstanding a crackdown on air pollution as well as a cooling property market, which have been widely anticipated to put pressure on the world's number two economy.
The positive data is expected to help to relive worries that Beijing's campaign to curb excessive risk in the financial sector and also its punishing war on smog could provoke a steeper-than-expected slowdown in the Chinese economy.
Published on Thursday the official Purchasing Managers' Index PMI hit 51.8 in November versus October’s outcome of 51.6.
Financial experts polled by Reuters had hoped it would show 51.4, diving for a second straight month after September's more than five-year maximum.
Powered by hefty government infrastructure financing, a resilient property market as well as unexpected strength in exports, the country’s manufacturing and industrial firms have appeared to be a key driver behind China’s forecast-beating surge of almost 6.9% so far this year.
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Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
Market updates on September 18
The FOMC meeting is on the agenda. Will the Fed keep its rate on hold or not?
Latest news
Market updates on September 20
We've got some positive news for the British pound and we are awaiting the release of the core retail sales for Canada at 15:30 MT.
Oil spikes on the tweet by Iran's foreign minister
The tweet by Iran's foreign minister increased the possibility of tensions in the region. It pushed the oil prices up.
Market updates on September 19
The European trading session will be highlighted by the events for the British pound. Traders will pay special attention to the BOE meeting at 14:00 MT.
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