
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The indicator of Chinese manufacturers' activity is still steady. It’s due to the fact the service sector has been expanding for the second month in a row in April.
In April, the index of business activity of the manufacturing sector in this Asian country turned to be 51.4 versus the forecast of leading market experts, who hoped for 51.3. Nevertheless, the figure was below 51.5 – the outcome of the previous month. Besides this, the non-manufacturing activity index managed to tack on to 54.8 in April versus March’ result of 54.6. That’s what the China Bureau of Statistics informed. By the way, it should be noted that the value above 50 drops a hint at an increase. On the contrary, the reading below 50 stands for quite negative dynamics.
Sustained productivity can help to soothe concerns expressed by China's top leadership the previous week that the Chinese economy could slow down more abruptly than anticipated, considering the constant tension in the trade.
Some market experts pointed out that the given figures appear to be solid enough. They added that today’s data openly suggests that surge rates are still upbeat, although risks are over there.
The indicator of new export orders headed south to about 50.7 versus an outcome of 51.3. However, in the last few months it remained generally intact. New orders also inched down to 52.9 from 53.3.
Prices for finished products moderately dived to 53. The stocks of finished products, raw materials, backlogs as well as employment remained in line with previous indications.
The Chinese economy is currently facing a slight downward pressure. That’s what Zhou Hao, economist at Commerzbank AG in Singapore told. Apparently, many recent macro data demonstrate a minor downward trend, although overall PMI turns to be stable.
When will the US go bankrupt? Will it start the market crash unseen before? We have plenty to share with you, so let’s get started.
The US Consumer sentiment will shake the market today. We are back with more news for you to enjoy!
Today, the US Inflation release at 15:30 GMT+3 will determine the further destiny of the major pairs and gold. The event is highly impactful, as the Federal Reserve will make decisions regarding further rate hikes based on it. Also, we brought you some news about XAUUSD and GBPUSD. Stay tuned!
Saudi Arabia agreed to cut oil production. What will happen with the oil price now?
The situation on the labor market still looks optimistic. Today we expect the Unemployment rate data. 3.5% is expected.
The first day of June should’ve brought us the US default. Unsurprisingly, the US House passes the debt ceiling bill at the latest possible moment.
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