What moves the market on May 22?
Here you’ll find fresh news that drive the market today.
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.
Similar
Main market drivers on May 21
Why did S&P 500 fall down? Should you buy oil and gold now? And what is the market sentiment today? All answers you’ll get in this article.
Will the Flash Manufacturing PMI support the EUR?
Euro Area Flash Manufacturing PMI will be released on Friday at 11:00 MT time.
Latest news
What moves the market on May 22?
Here you’ll find fresh news that drive the market today.
Main market drivers on May 21
Why did S&P 500 fall down? Should you buy oil and gold now? And what is the market sentiment today? All answers you’ll get in this article.
Will the Flash Manufacturing PMI support the EUR?
Euro Area Flash Manufacturing PMI will be released on Friday at 11:00 MT time.
Deposit with your local payment systems
