US Initial jobless claims will be announced on Thursday at 15:30 MT time.
In August China factory surge suddenly speeds up in further global boost
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.
The US dollar has broken through the key resistance, it failed to cross since March so far. Riskier assets are dipping. Let’s discuss it in detail.
Services and Manufacturing PMIs are out on Wednesday at 11:30 MT time.
China’s Manufacturing PMI will be out on Wednesday at 04:00 MT time!
China's industrial rebound, progress in US fiscal stimulus and other important news in this article.
The market sentiment is mixed as investors weigh US stimulus package against the rising infections and worse-than-expected US unemployment claims. Jump in for fresh analysis of EUR/USD, USD/JPY, S&P 500 and gold!