Every week we expect many interesting events that can shake the market.
China's trade boom slows
In December, China's exports and imports surge slowed having ascended in the previous month, thus contributing to indications of ebbing economic momentum because the country’s authorities extend a crackdown on financial risks as well as factory pollution.
A synchronized leap in the global economy for the last year has been a boon to this Asian country and also much of trade-dependent Asia, with China’s exports in 2017 soaring at their fastest pace for four years.
The steep December imports slowdown is driving worries that the world's number two economy experiences domestic-demand pressure because the government turns off cheap credit and limits speculative financing.
In December, exports tacked on 10.9% from 2016, surpassing experts’ estimate of a 9.1% jump, although cooling from a firm 12.3% revenue in November, as the General Administration of Customs informed on Friday.
Notwithstanding the December slowdown, the overall picture for last year definitely underscored firm global appetite for China’s products ranging from household appliances, electronics as well as a vast range of consumer goods.
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Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.