24 September, 2018
US dollar strengthens today versus major currencies after two weeks of losses. The dollar index rose by 0.1% to 94.37. The American currency moves higher in anticipation of the Fed rate hike on Wednesday...
Business confidence in Europe’s largest economy fell slightly in September, pointing that company executives have become somewhat less confident about the growth outlook of Europe's biggest economy...
The United States and China intend to introduce reciprocal new tariffs on Monday, exacerbating the already tense trade relations between the two largest economies of the world...
21 September, 2018
The British pound is trading lower after the EU rejected Theresa May’s Chequers proposal, casting doubt on a compromise being found despite the UK being only months from leaving the block...
European stock indexes are trading higher today, as investors' concerns about the US-China trade dispute have weakened. The German DAX stock index grew by 0.54% to trade at 12.393 level...
Euro remains steady versus US dollar. The euro/dollar pair is trading at 1.1772 level today, down 0.05% on the day. Yesterday, the single currency showed significant growth amid a broad-based greenback weakness...
The People's Bank of China (PBOC) has made three targeted cuts so far this year to bank reserve requirement ratios (RRR) to free up more funds and encourage banks to continue to lend, particularly to smaller firms which are facing strains from the slowing economy...
Growth of activity in the German services sector was not enough to offset a sharp slowdown in manufacturing. German Manufacturing PMI fell to 53.7 in September from 55.9 in August. Analysts had expected a drop to 55.7. The indicator showed the lowest level in more than two years...
Rate of the Japan’s annual inflation rose slightly in August, but still remained distant from the Bank of Japan’s 2% target. According to the government data, the nationwide core consumer price index (CPI), which excludes fresh food costs, rose 0.9% yoy in August, matching a market forecast and accelerating slightly from a 0.8% gain in July...
20 September, 2018
Organisation for Economic Co-operation and Development (OECD) downgraded its forecasts of global growth for 2018 and 2019. The OECD said trade growth, the engine behind the global upswing in recent years, had slowed this year to around three percent from five percent in 2017 as tensions between the United States and its major trade partners weighed on confidence and investment...
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