Signals from the Federal Reserve
The Federal Reserve has already raised interest rates twice this year.
China September producer prices show the greatest leap in six months
In September, China's producer price inflation suddenly accelerated to a six-month maximum because a construction boom offers no signs of abating as well as a government crackdown on air pollution spurs worries of winter shortages and also wild leaps in commodity prices.
China's firm demand for building materials has provoked a year-long commodities surge which is helping to underpin manufacturing activity as well as inflation around the globe.
The Chinese economy is believed to ascend 7% during the second half of 2017, as the country's major bank governor told, thus defying financial experts’ expectations for a slowdown.
In September, the producer price index rallied 6.9% from 2016, and from August’s outcome of 6.3%, as the National Bureau of Statistics told on Monday.
The revenue - the most impressive since March – actually indicates ongoing resilience in China's economy as well as industrial sector profits. That’s undoubtedly welcome news for Communist Party leaders just two days ahead of a party congress.
Similar
Daily News: the USD has plunged
On Monday, the US dollar index plunged from 96.40 to 95.70.
Japanese companies welcome skilled foreign employees
The vast majority of Japanese companies back loosening the country's tough immigration system aimed at coping with a terrible labor shortage, although they appreciate skilled employees capable of fitting into the Japanese workplace, and not an invasion…
Popular
Japan February exports are seen surging at fastest pace since 2015
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…
Asian shares tumble with Japan markets shut
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…
Greenback surges as yields soar
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…
Deposit with your local payment systems
