Great Britain will release the level of retail sales at 11:30 MT time on November 15.
Manufacturing and retail revival powers China's solid Q1 growth
A definite revival in China's industrial sector, accounting for about one-third of the Chinese economy, drove China's better-than-expected first quarter economic surge as export orders gained and steel output reached a record.
Tuesday’s data from the National Bureau of Statistics revealed that the industrial sector surged 6.5% during the first quarter from 2016, thus demonstrating the fastest pace since the fourth quarter of 2014.
On Monday, China posted first quarter surge of 6.9%, which has appeared to be the quickest for six quarters.
In the industrial sector, manufacturing inched up 7%, compared with the first quarter the previous year.
Financial experts credited surge in exports, in contrast to a drop in the first three months of the previous year, for providing the pick-up during the first quarter.
Another bright spot was the retail as well as wholesale sector - they added at the fastest pace since the end of 2014.
Read and get the ideas for today's trading!
In the third quarter, the Japanese economy went down more than anticipated, affected by natural disasters, to say nothing of a tumble in exports…
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…