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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.
In October, the United Kingdom recorded a greater budget deficit than anticipated, as follows from first borrowing figures, since finance minister Philip Hammond pledged an end to austerity was over there…
Find out about the most important market movers from today's digest!
In November, UK factory orders managed to recover, although previously in October they sagged steeply…
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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