Hong Kong's economy slows in the third quarter

Hong Kong's economy slows in the third quarter

In the third quarter Hong Kong's trade-reliant economy demonstrated slower surge, although strong consumption as well as rebounding exports led the authorities to nudge up its surge outlook for 2017.

Underpinned by ascending retail sales, a recover in mainland tourist arrivals and also firm global trade, the city’s economy rallied a seasonally-adjusted 0.5% for the third quarter versus upwardly updated 1.1% surge previously.

From 2016 the city’s economy managed to expand 3.6% for the third quarter versus revised 3.9% ascend in the second quarter. Market experts had predicted an expansion of 3.5%.

The still-solid momentum puts the ex-UK colony strongly on track to meet the government's updated full-year estimate of 3.7% surge for this year. It’s because buoyant stock as well as property markets assisted in driving consumer spending.

In October, market experts had hoped for a full-year surge of about 3-4%.


USD Holds the Line
USD Holds the Line

The US dollar index keeps rounding above the 103.60 historical support level. The buyers have already defended this level for three weeks, highlighting their interest in the greenback. Thus, buying USD looks less risky right now. 

Apple is Under Pressure
Apple is Under Pressure

Happy Monday, dear traders! Hope you had a great weekend and you’re ready for the last trading week in 2022! Later this week we’ll announce some exciting news for you, but now let’s look through some interesting news!  Today’s events: USA, UK, Hong…

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Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

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What Currency Will Overperform?

S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.

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