A great number of investors actually don’t expect Germany’s economy to revive quickly from a poor patch in the nearer future…
Firm China economic surge demonstrates signs of fading in July
In July, China's firm economic surge demonstrated clear signs of fading because lending costs grew and the gravity-defying property market descended, although activity levels mostly remained sturdy, propped up by a year-long construction boom.
The previous month retail sales, industrial output, investment and trade all inched up less than expected after the world's second-largest economy demonstrated a shockingly sturdy surge in the first half, thus contributing to a global revival.
However, economists don’t actually expect any hard landing, with the authorities keen to ensure stability ahead of an upcoming Communist Party leadership reshuffle in the autumn.
In July, factory output leapt 6.4% from 2016, which is the slowest tempo since January.
Financial experts surveyed by Reuters had forecast output would ascend 7.2%, sliding from a better-than-expected 7.6% in June.
The US will release monthly consumer price index figures (CPI) for October at 15:30 MT time on November 14.
How to trade the key currency pair and what affected the currency market? Read today's news digest!
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…