
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
On Wednesday, China's state planner uncovered further advancement in the country's ambitious $3.8 trillion digital economy project, telling that such sectors as big data as well as artificial intelligence are going to become major drivers of job creation.
As a matter of fact, the Chinese economy turns out to be in the midst of a long-term restructuring, which has faced the dive of low-end industries as well as the emergence of higher-value factories, which manufacture drones and robotics.
The Chinese government is on the verge of promoting the digital transformation of conventional sectors, driving more employees to switch jobs and also improve the overall quality of employment in this Asian country.
For the last time, the Chinese authorities, including the state planner have been affirming their strong commitment to the country’s long-term development, which the Chinese government sees as a means to rely less on trade as well as other external drivers.
An intensifying trade conflict with America, which appears to be China's key trading partner, has definitely obscured the Asian country’s medium-term surge outlook as well as spells uncertainty for millions of China’s jobs.
Besides this, Chinese state media has accused the US government of utilizing trade for the purpose of suppressing China's development.
China is all geared up towards making further inroads into such promising areas as the internet of things, cloud computing, AI, and big data and creating more high-end jobs.
In addition to this, China is going to actively attract foreign talent with the aim of promoting the innovation of its digital economy.
The Chinese digital economy managed to ascend by 18% hitting in 2017, which is equal to a third of the country's GDP, as the China Academy of Information and Communications Technology revealed.
Hundreds of millions of Chinese utilize mobile applications for entertainment, social networking, shopping, and gaming.
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Key market players expect China to start decreasing the rate and giving liquidity to the markets. China is actively pushing to switch to the stimulative monetary policy. What's going on right now? Read it in our new review.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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