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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.
Today the British PM Theresa May plans to discuss the current conditions of the Brexit deal with the European leaders. Is it happening again? What else will move the world of Forex today? Read the news!
In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…
In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…
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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