On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
South Korea economy keeps going up as exports flourish
In October, soaring memory chip sales enabled South Korea exports to enjoy record 12 consecutive months of surge. That’s solid evidence that Asia's number four economy is actually stepping up a gear.
While shipments surge slowed from September, as a matter of fact, October managed to outpace September as for average exports per working day, boasting brisk business activity.
As October exports revealed, export fundamentals still appear to be sturdy enough. Considering that the low-base effect relieved, October managed to fare well, as Stephen Lee told, an economist at Meritz Securities.
Exports headed north 7.1% on-year, which is far below bumper ascend of 35% in September, although average exports per working day accounted for $2.5 billion, thus outperforming September's outcome of $2.35 billion, as government data disclosed on Wednesday.
The annual Chuseok holiday was celebrated by South Korea from October 2 through October 9. As a result, the Asian country reduced the number of working days from 23.5 to 18.
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…