Online Forex broker
Financial experts at Danske Bank suggest that there’s an ascending risk for global markets because a dipping Chinese economy will have a devastating impact on the global economy as well as markets.
No one denies that China happens to be the primary contributor to the world economy, generating one-third of global surge. The Asian country acted as a main driver behind the global revival in 2016. Commodity exporting emerging markets derived benefits from both higher volumes as well as prices, while developed markets witnessed a surge in exports to China and also other emerging markets. With the Chinese economy decreasing this year, the lift to the world economy rebounds and it’s a huge reason why financial analysts look for a high in the PMI cycle in H1.
The steep ascend in commodity prices observed in 2016 was pulled mostly by higher Chinese activity. Well, with Chinese companies consuming approximately 50% of global metals, this Asian country appears to be a number one driver of commodity prices. Moreover, for the last few months, both metal and crude prices have gone down, which could be explained by the softer Chinese economy.
It seems like the rally of the greenback has ended. On Monday, the US dollar index was below $93.50. Tuesday’s attempts to recover are not successful. The index is below $93.40. No important economic data will be released today.
This economic indicator is highly important for the Bank of England’s monetary policy because it is used as the central bank’s inflation target.
The weekly indicator of consumer confidence from ANZ rallied by 0…
America’s on the verge of starting an investigation into whether thermoplastic components utilized in some Japanese as well as German vehicles sold in the country violate its patent laws or not…
On Monday, gold headed south in European trade, making its way toward a three-week minimum after American congressional leaders came to an agreement to fund the government via the fall, thus easing worries as for a shutdown of the federal government…
On Tuesday, crude prices traded weaker because a poll on Chinese manufacturing came in weaker than expected and market participants looked ahead to American inventories on oil as well as refined products to set the overall tone…
Your request is accepted.
A manager will call you shortly.
Internal error. Please try again later
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.
|
