
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
In July, China's imports and exports ascended more slowly than expected, driving worries over whether global demand is already cooling even as key Western key banks consider scaling back their huge stimulus programs.
In 2017, Europe and China have been driving a surging share of global surge because political conflict affects policies being pushed by Donald Trump.
However, in July, China's export surged slowed to 7.2% from the previous year, which turns to be the weakest tempo since February. Financial experts had hopes for a 10.9% surge.
Imports headed north 11%, which is the slowest ascend since December, and also dropped from a 17.2% leap in the previous month. It also ruined hopes for a 16.6% ascend.
It left the Asian country with a trade surplus of about $46.74 billion for the month, which is the highest outcome since January, versus predictions for $46.08 billion. The reading exceeded June's value of $42.77 billion.
Lagarde says difficult times have come, and the ECB raised the rate not to cause a recession but to stabilize prices. Read the report to learn the freshest news of the day!
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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