About 24% of global central banks intend to increase gold reserves in 2023. Rising inflation, geopolitical turmoil, and worries about interest rates are reasons to increase gold reserves.
In September Asian factories step up output ahead of year-end spending spree
In September, factories in Asia's largest economies increased their activity because a synchronized upswing in surge worldwide pointed to firm consumption of manufactured goods heading into the productive end-of-year shopping season.
However, minor weakness in regional economies will probably make Asian key financial institutions pursue more accommodative monetary policy, notwithstanding their Western rivals are currently scaling back stimulus.
On Saturday, China's major bank cut the amount of cash, which some financial institutions require holding as reserves for the first time since February last year for the purpose of encouraging more lending to struggling smaller businesses and energizing its lackluster private sector.
The world's number two economy has defied hopes for a slowdown in 2017, leaping at a strong clip in the first half due to a construction jump.
Greetings to a brand new week full of events, economic releases and US debt frictions. We are here to tell you everything you need to know!
The US dollar index breaks one resistance after another. Read the report to learn the next target for the US dollar index!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.