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In July-September the Japanese economy was expected to have surged for a seventh straight quarter. Such a period of unbroken expansion was last observed between 1999 and 2001, according to a Reuters survey found on Friday.
In the third quarter the country’s GDP is supposed to have ascended at an annualized rate of about 1.3%, as the survey of 20 market experts revealed.
The given outcome would mark a seventh straight surge quarter, which appears to be the longest period of growth since an eight-quarter marathon from April-June 1999 to January-March 2001.
Quarter-on-quarter surge of 0.3% is expected after an updated 0.6% soar in the second quarter.
Consumer spending was caught stalling in July-September, although export surge backed firm economic expansion, as experts explained.
The survey also discovered that private consumption, accounting for approximately 60% of GDP, went down 0.4% in the third quarter, which is the first dip for seven quarters.
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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