Oil industry: Donald Trump’s 2 tweets boost the price
WTI oil prices jumped up after Donald Trump’s 2 tweets
China's factory surge steps down a bit in January
In January, China's manufacturing sector stepped down a bit because the government's fierce clampdown on air pollution along with a cooling property market affected activity, as a Reuters survey disclosed.
However, the tempo of expansion is anticipated to stay relatively healthy, backing experts’ views that the world's number two economy will see only a moderate slowdown in surge in 2018 after a forecast-confounding 2017.
On Wednesday, the official manufacturing Purchasing Managers' Index is believed to descend to 51.5 for January versus December’s reading of 51.6, as follows from a median estimate of 42 experts survey by Reuters.
Aside from that China is also believed to keep executing a wide-ranging crackdown in 2018 on riskier types of debt and financing. The given campaign is gradually pushing up businesses’ borrowing costs as well as making it harder and costlier for weaker companies to raise funds.
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Latest news
Oil industry: Donald Trump’s 2 tweets boost the price
WTI oil prices jumped up after Donald Trump’s 2 tweets
March NFP: forecasts and opinions
Today the US nonfarm payroll data will be reported that could cause fluctuations of the market.
OIL: it started
WTI was at $20 per barrel just in the beginning of the day. Currently - above 25$.
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