Canada will publish the employment change and the unemployment rate on July 10, at 15:30 MT time.
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.
The market takes breath after the long rally. What opportunities do traders have today?
The United States will publish a weekly update on unemployment claims on July 9, at 15:30 MT time.
Risk-on is back on the market. Riskier currencies and stocks are in favor. Gold is rising too as investors try to hedge.
Riskier currencies and stocks are in favor of investors. Surprisingly, gold rallies too. Let’s have a closer look.
Congratulations! Gold has just opened a new era... or, rather, reopened...