MARKET UPDATES
The Australian dollar weakened because of the bigger-than-expected unemployment rate…
China October official factory PMI goes down more than expected
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.
Similar
Market updates on June 11
On Tuesday, the improved market sentiment supported risky assets such as stocks, emerging-market currencies, and crude oil.
Important events this week will bring us!
Major events that affect markets in the upcoming days
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold sinks on soaring greenback
On Monday, gold declined because the evergreen buck managed to gain early traction, thus putting pressure on the most popular precious commodity, which has been sticking with the year’s minimums…
Deposit with your local payment systems
