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In August, surge in China's manufacturing sector suddenly accelerated, hinting that the world's number two economy keeps expanding at a healthy clip notwithstanding ascending financing costs as well as a cooling housing market.
Along with stronger American economic surge posted overnight, the Asian country’s official factory outcomes showed the global economy is still on sturdy footing for now notwithstanding worries that ascend might start fading in the nearer months.
China's resilience has shocked financial experts so far in 2017 and provided an extra boost to a global revival notwithstanding Beijing's crackdown on riskier types of lending as well as ever-tougher curbs to get the overheated housing market under control.
Issued on Tuesday, in August, the official Purchasing Managers' Index inched up to 51.7 from last month's 51.4, thus ruining economists' hopes for a marginal dip.
In September, China's new home prices managed to surge at a firm tempo, backed by profits in smaller cities and demonstrating that the market was still resilient notwithstanding pressures from softer investment, a decelerating economy as well as…
In September, American home sales went down by the most for more than two years due to the fact that the housing market kept struggling notwithstanding strength across the broader American economy…
In September, Britain's authorities faced a smaller budget deficit than anticipated, although the improvement won’t probably help a lot to have minister Philip Hammond financed as he’s working on his annual budget…
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…
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