Daily news: Britain's retail sales to be released today
The main focus today is on the UK retail sales, which are expected to fall by 0…
Chinese banks will demonstrate slowing loan surge
Chinese banks are braced for seeing a slowdown in lending surge during the second half of 2017, having used most of their annual credit quota, thus increasing the specter of corporate defaults because financing costs keep rising in the world's number two economy.
Beijing's crackdown on risky lending has already increased financing costs and affected profit margins. Experts estimate that banks have already utilized 80% of their yearly credit quota over January-June, against the regular 60%, amid a regulatory attempt to bring shadow financing activities to the key loan book.
China’s key lenders, including China Construction Bank, Agricultural Bank of China and Industrial and Commercial Bank of China are going to report their first-half outcomes over the next two weeks.
China's policymakers have told that the government will keep lowering overall leverage and that slower surge in broad M2 money supply, includes demand deposits as well as monies in easily accessible accounts, could be a normal thing.
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Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
Common currency ascends ahead of euro zone data
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…
Greenback edges down
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…
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