News | Forex Optimum

News

News

China’s economic growth continues to slow - BNP Paribas

Analysts at BNP Paribas note that China’s economic growth continues to slow, with an export outlook severely darkened by the U.S. tariff increases.

  • “The central bank is easing liquidity and credit conditions, though the reduction in financial-instability risks via regulatory tightening should remain a priority. Fiscal policy has also turned expansionary through increased infrastructure spending and a rising number of household/corporate tax cuts.”
  • “In the short term, private domestic demand should be affected by the knock-on effect of weakening exports and the continued moderation in the property market. Fiscal measures should support consumer spending.”

You may also be interested:

17:37 19.07.2019
ECB to use July meeting to steer towards a rate cut in September - Rabobank
Rabobank analysts think that the ECB’s Governing Council will use the July meeting to steer towards a rate cut in September.“Policy rates:We expect forward guidance to be updated to signal a rate cut, e.g. “The Governing Council now expects the key ECB interest rates to remain at their present or lower levels [...]”We think that this would herald a 10bp rate cut in September. Additionally, we see 3 follow-up cuts in the coming 12 months.Draghi signaled that further rate cuts would be accompanied
17:36 19.07.2019
U.S. consumer sentiment index rise slightly less than forecast in early July
A report from the University of Michigan revealed on Friday the preliminary reading for the Reuters/Michigan index of consumer sentiment rose to 98.4 in early July.Economists had expected the index would increase to 98.5 this month from June’s final reading of 98.2.According to the report, the index of current U.S. economic conditions edged down to 111.1 in July from 111.9 in the previous month. Meanwhile, the index of consumer expectations rose to 90.1 this month from 89.3 in June.
16:46 19.07.2019
Canada's retail sales soft again in May – RBC
Nathan Janzen, the senior economist at Royal Bank of Canada (RBC), notes that the Canadian retail sales fell 0.1% in May and excluding prices, sales were down 0.5%.“The details of the May report don’t look quite as soft as the headline.  Most of the month-over-month decline was attributed to an unusually large 2.0% drop in food & beverage store sales that will probably reverse at some point.  Sales increased in 7 of 11 subsectors – including another sizeable monthly rise in sales
Deposit
options
Trading
platform
download
Bonuses VIP