
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
China's leading province by economic output, Guangdong managed to maintain a surge rate of 6.6% in the first quarter due to improving industrial output as well as infrastructure spending.
It even surpassed the Guangdong local government's objective of 6%-6.5% for 2019. Moreover, it’s intact from the surge in the fourth quarter of 2018.
Export-oriented Guangdong, whose GDP of nearly $1.4 trillion is equivalent to Australia’s one, has been facing intense pressure from a nine-month trade clash between China and America, with many companies in the region shifting production out of China because factory orders dried up.
In fact, exports have yet to demonstrate any sustainable improvement, soaring 1.8% for the first three months. It turned out a bit faster than the 1.2% surge last year, still pointing to sluggish demand worldwide.
In order to keep foreign customers, China’s manufacturers have been providing decent discounts and cutting workforces.
Guangdong's industrial output jumped to a nine-month maximum in the first quarter that appears to be in line with the national trend, with the output of new energy cars soaring by 252.1% from 2018.
Some experts had associated the rally with manufacturers building inventory to take advantage of the Chinese government’s announcement of value-added tax trim, which came into effect on April 1.
In Guangdong, production in telecommunication base stations went up by 154% probably because of the cabinet’s push to launch 5G services across the province. By 2020, the province is expected to erect up to 7,300 5G towers.
Output in advanced manufacturing, accounting for more than half of overall industrial output, headed north by 6.9% in the first quarter.
In the first quarter, infrastructure investment rallied by 28.3%, soaring 17.2% from 2018.
Happy Wednesday, traders! We went through the Internet and found the best news for you, take a look!
It’s Wednesday, my fellow traders! The day is filled with news and events you need to know, and here’re some of them.
The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.