The US dollar index is falling. It has declined to $93.90 from the Friday’s high of $94.20.
Japan's economy is expected to demonstrate seven straight surge quarters
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 April, orders for durable goods in the United States went down by about 1…
Bitcoin is plunging. Negative comments in the media and stricter regulations continue to weight on the cryptocurrency.
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…