
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
In October, Japan's export surge was steady, hinting that brisk global demand for Japanese cars as well as electronics will probably carry its economic revival into the current quarter.
On Monday, Ministry of Finance data revealed that in October exports inched up 14% year-on-year, led by shipments of vehicles to Australia and also liquid-crystal device production equipment along with raw materials for plastics to China.
It compares with a 15.8% annual revenue expected by market experts following a 14.1% soar in September.
The trade figures followed data, which showed the previous week that Japan's economy extended at an annualized rate of about 1.4% during the third quarter, powered by firm external demand.
Market experts expect exports to keep driving surge in October-December because China will most likely stay away from a steep slowdown due to infrastructure investment, and also due to the fact progress on tax cuts improved prospects for the US.
Oil prices are rising and Russia banned the export of its petrol. What's happening in the markets?
Today's main event for the markets is the FOMC Interest Rate Decision, where the US regulator is widely expected to keep the interest rate at the same level of 5.5%.
In today's market insights, we delve into Citibank's oil price predictions, the evolving competition between Huawei and Apple, the Saudi Arabia-Tesla partnership, and the upcoming rate decisions from the world's major central banks.
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