Important events this week will bring us
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
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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Important events this week will bring us
The week will bring us fresh updates on Brexit and the last ECB meeting with outgoing president Mario Draghi.
Market updates on October 18
De-escalation between the US and Turkey and News for the GBP are on the agenda
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