American mortgage applications tacked on for the first time for five weeks because most home borrowing costs kept to their lowest value for 10 months…
China's services sector edges up at the stronger pace in November
In November, surge in China's services sector activity managed to pick up to a three-month maximum, underpinned by a firm soar in new businesses, although the rate of expansion was still modest and weaker than the long-run trend, as a private poll disclosed on Tuesday.
The optimistic findings generally echo those of an official indicator of the non-manufacturing sector the previous week, which demonstrated that in November activity speeded up at a faster rate, thus backing the view that an anticipated slowdown in the broader Chinese economy would be quite gradual.
In November, the Caixin/Markit services purchasing managers' index tacked on to 51.9, gaining from October’s outcome of 51.2 and being the highest outcome since August.
An outcome above 50 shows surge, while any lower reading stands for contraction on a monthly basis.
In September, the index had declined to 21-month minimum having hit a three-month maximum in August.
The releases of employment change and the unemployment rate for Australia are expected on February 21, at 2:30 MT time.
The release of the Federal open market committee (FOMC) meeting minutes is scheduled on February 20, at 21.00 MT time.
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…