What happened? On Monday, February 21, Russian President Vladimir Putin signed decrees recognizing the sovereignty of the Donetsk and Lugansk People's Republics…
Japanese exports rebound in October
In October, Japan's exports rebounded following dives provoked by a series of natural disasters. That’s what a Reuters survey disclosed on Friday. However, fears over global demand as well as the US-China trade conflict still pressure.
Exports were anticipated to leap by 9% in October from 2017. That’s the fastest tempo of gain since January, according to the interview of 16 financial analysts. In September, they dived by 1.3%.
As for imports, they rallied by 14.5% from 2017, providing a trade deficit of up to 70 billion yen.
Financial analysts told that the overall tempo pace of expansion in global trade is currently decelerating and Japan’s exports surge has appeared to be quite sluggish. However, they’re assured that adverse impacts from natural disasters diminished.
Notwithstanding the fact the American economy is firm enough, but the economies in other areas are slumping, thus impacting global trade, including Japan's exports.
The finance ministry is expected to uncover the trade data at 8:50 a.m. on November 19.
In addition to this, the survey also disclosed that the nationwide core consumer price index without fresh food prices, but with fuel costs managed to head north by up to 1% in October from 2017. That’s a steady outcome from September.
Besides this, financial analysts added that leaps in crude prices till September probably assisted to ramp up costs of energy-related items, although those weren’t firm enough to have the core CPI underpinned.
Furthermore, the Japanese government is expected to uncover the CPI data on November 22 at 8:30 a.m.
As a matter of fact, Japan's economy headed south more than anticipated in the third quarter, affected by natural disasters as well as a dive in exports. That’s a worrying sign that trade protectionism is starting to heavily impact overseas demand.
The US dollar is heading to close the seventh day in the red as it remains under selling pressure. The US data at 15:30 GMT+3 (jobless claims and Philly Fed Manufacturing Index) may support the greenback if it's strong.
The crypto market keeps recovering. Bitcoin has broken above $57,000. The way up to $60,000 is open now!
Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.
Every week we expect many interesting events that can shake the market.