Market updates on July 16
Welcome to Tuesday!
China's economy goes up 6.8% in 2017
In 2017, China's economy is expected to ascend 6.8%, thus topping the state objective as well as accelerating for the first time in seven years, according to a Reuters survey. It’s because Beijing walks a tightrope by simply taming debt and also property risks without stunting economic surge.
Besides this, surge in the world's number two economy is expected to slow to 6.4% next year, as the Reuters survey of more than 65 market experts revealed. It’s because the property curbs along with efforts to deal with debt risks are believed to get more traction.
China's construction and property investment are seen slowing because more cities try to reduce surging housing prices, and a government campaign against riskier spurs borrowing costs, while a crackdown on pollution affects some factories.
Chinese economic surge in the fourth quarter of this year is supposed to cool to about 6.7% from 2016, although the full-year surge might hit 6.8%, according to the survey.
Similar
5 important events this week will bring us!
Find out what is going to move the markets this week
Market updates on July 12
Friday is on!
Latest news
British inflation tacks on for the first time this year
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Evergreen buck heads north
On Friday, the evergreen buck rallied versus its counterparts after data disclosed that the American economy generated more jobs than anticipated In October, thus backing the Fed’s case to proceed with gradual rate lifts…
Gold ascends on Brexit jitters
On Tuesday, gold rallied because uncertainty over the latest developments in Britain’s departure from the EU backed safe haven demand and traders looked ahead for American inflation data to underpin the Fed’s pledge to remain on hold…
Deposit with your local payment systems
