Markets analyst Gaurav Kashyap says investors should not expect any surprises from the US data docket this month
Markets analyst Gaurav Kashyap says investors should not expect any surprises from the US data docket this month
China's gross domestic product (GDP) in the fourth quarter of 2017 grew by 6.8% yoy against expectations of 6.7%.
China has rejected a move by Standard & Poor's to downgrade China's sovereign debt rating and described it as a wrong decision that ignores sound economic fundamentals and development prospects.
The following are the highlights of the Reserve Bank of Australia's monetary policy meeting minutes in September:
Christine Lagarde, director of the International Monetary Fund in Beijing and heads of international organizations including Jim Yong Kim, World Bank President, meets with Chinese Premier Keqiang.
The US dollar rose strongly during mid-day trading to reach its highest level since July 28 at 93.75, following the JOLTS Job Index, which rose to a record high by 461,000 in June, rising to 6.2 million.
By Reuters : U.S. President Donald Trump is close to a decision on how to respond to what he considers China's unfair trade practices, a senior Trump administration official said on Tuesday.
As usual, markets are looking to the US non-farm employment data on the first Friday of each month to monitor labor market improvements and the impact on the Federal Reserve rate hike. The Bank of England and the Reserve Bank of Australia will also be in the spotlight. Below are the highlights of the week's important economic data.
After a week full of major events, this week comes with a lot of data and events. More than one central bank will be meeting this week to decide on interest rates, but most of the attention will be directed towards the FOMC with the possibility of a rate hike during this meeting. Next to these meetings will be some important economic data that will also play a role in market movements.
Manufacturing data for SMEs was below expectations in China. The Caixin PMI Index recorded only 49.6 points in May, marking the first contraction in factories output for almost a year. This weakness is likely to be temporary under constant signs of improvement in International Economy.
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