Hong Kong Index and Gold Dropped, Tesla Reported Strong Earnings
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
China will report the slowest surge for 28 years
On Monday, China is anticipated to inform that its economic surge speeded down to its slowest outcome for 28 years last year in the face of weakening domestic demand as well as bruising American levies that added pressure on China to come up with more support measures to dodge a sharper deceleration.
Soaring signs of weakness in the world’s number two economy that has given about a third of global surge for the last are generating fears about risks to the global economy and are putting pressure on profits for companies ranging from Apple to leading car markers.
Chinese policymakers have promised more support for the national in 2019 to diminish the risk of huge job losses, although they have come up with a storm of stimulus like that the Chinese cabinet previously unleashed that rapidly juiced surge rates, although left a pile of debt.
Experts surveyed by Reuters actually expect the world's number two economy to have ascended by 6.4% in the October-December quarter from 2017, decelerating from the previous quarter's 6.5% tempo and matching levels last observed in the beginning of 2009 during the global financial meltdown.
It could pull 2018 GDP surge to 6.6%, which appears to be the lowest since 1990 and also down from an updated 6.8% in 2017.
With stimulus measures anticipated to take some time to come into effect, the vast majority of experts are assured that conditions in China will probably worsen before they improve, and see a further deceleration to 6.3% in 2019. Some experts are assured that real surge levels are weaker than official data points out.
Even if America and China agree on a trade deal in current negotiations, experts state that it would be no panacea for the sluggish Chinese economy unless the Chinese cabinet can improve poor investment as well as consumer demand.
Similar
Will the quarterly US GDP impress the market?
US Advance quarterly GDP is announced on April 29 at 15:30 MT time.
USD is heading for the best week in three
The US dollar is heading for the best week in three. The market sentiment is mixed as optimism about the global economic recovery was outshined by increasing tensions between the West and China.
Latest news
Weak USD, Gold and China's Stocks Recover
The Fed held a much-awaited meeting yesterday. The bank hasn’t made any policy changes. As a result, the USD weakened and EUR/USD rocketed. Jump in to know all the latest news!
How Much Did the US Economy Grow in Q2?
What will happen? The US Q2 Gross Domestic Product will be announced at 15:30 MT time (GMT+3) on Thursday, July 29…
Gold and Bitcoin Rise, Fed is Eyed
Today the Fed will make a policy statement at 21:00 GMT+3. This event will affect all the currency pairs with the USD and thus almost the all Forex market!
Deposit with your local payment systems
