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In March, activity in China's vast manufacturing sector surged for an eighth straight month, as a sudden rebound in the property market contributed to a construction boom, accelerating sales of building materials from cement to steel, as a Reuters survey showed.
The official manufacturing Purchasing Managers' Index is supposed to stay at 51.6 in March, the same outcome as in February that was the second-highest reading since July 2014, as a median forecast of 31 economists in a Reuters survey states.
While it’s quite above the 50.0 mark, separating expansion from contraction, over a dozen cities have already announced new property cooling measures in recent weeks just to slow home price surges, thus raising questions over how long the solid pace of surge can be sustained.
During the first two months of 2017 home sales rebounded with a soar in new starts, thus defying previous government curbs to contain bubbly prices in key cities such as Beijing.
Revenues of Chinese industrial companies soared nearly 32% during the first two months of 2017, which is the fastest pace in almost 6 years, as as prices of commodities from iron core to coal added.
Canada will release CPI and Core Retail Sales data on October 19 at 15:30 MT time. Both indicators are highly important. As a result, they will affect the Canadian market a lot.
The "no-deal" Brexit has never been so close! In other news: the AUD is rising, comments from BOJ Governor Mr. Kuroda and more
The previous week American customers filed the lowest number of requests for a mortgage since late 2014 due to the fact that the vast majority of home borrowing costs hit their highest value for more than seven years…
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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