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In October, surge in China's manufacturing sector decreased more than expected amid a weakening property market as well as tighter pollution rules, thus forcing many smelters, steels mills and also factories to reduce output over the winter.
Issued on Tuesday the official Purchasing Managers' Index kept to 51.6 in October versus September’s outcome of 52.4.
It turned to be the lowest result since July's 51.4, although it remained quite above the 50-point mark, separating surge from contraction on a monthly basis.
Market experts polled by Reuters had predicted that the reading would hit 52.0, tumbling marginally from September’s five-year maximum, although still quite above the recent trend.
A revival of China's manufacturing as well as industrial companies, spurred by government spending, unexpected strength in exports and a resilient property market – all of this has helped the Chinese economy to report better-than-anticipated surge of almost 6.9% through the first nine months of 2017.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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