
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
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.
ECB is ready to take the decision about the key rate. What to expect from officials? Oil prices are high, and economy indicators demonstrate the slowing down in the strongest European economies.
The Fed is going to take a decision about the interest rate. This is the crucial news for the following week. What's going on in the markets and what to expect?
Key market players expect China to start decreasing the rate and giving liquidity to the markets. China is actively pushing to switch to the stimulative monetary policy. What's going on right now? Read it in our new review.
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.
It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
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