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Economic News

Postby Andrea ForexMart » Tue Jul 04, 2017 3:39 am

China Factory Accelerate In June, says Caixin

Factory activity in China improved in June as company reports came in slightly stronger as new orders and number of productions heightened. The Caixin Purchasing Managers' Index accelerated to 50.4 for this month in comparison with 49.6 result in May, based on the figures from the poll of IHS Markit released on Monday. As expected, the readings declined to 49.8, a score greater than 50 suggests an expansion. New orders grew marginally at its fastest pace since March. This resulted to an upsurge in the manufacturing with a marginal rate in June.

Provided jobs had lowered down last month which indicates that the percentage of job shedding abated on its modest pace which is the most sluggish three months ago.
The purchasing activity grew in the second quarter, however, corporations deal with a leery attitude on inventories.

Output charges and input costs boost at end of Q2. Having said that, inflation rates showed a slackening performance since the earlier months of 2017.
The customer demand was relatively subdued that put pressure on the optimistic tone against the 12-month business outlook, along with its weakening confidence on its six-month low in June.


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Economic News

Postby Andrea ForexMart » Wed Jul 05, 2017 2:30 am

EU-Japan Formalize its Partnership on Thursday

Two of largest countries in the world, Japan and the European Union is scheduled to make an agreement and sign a free trade deal on July 6, Thursday. As both nations expect for an unfavorable response when the United States deals with protectionism under the Trump administration.

It was already confirmed on Tuesday that Japan’s Prime Minister Shinzo Abe will go to Brussels to meet with the leaders of EU institutions. The European Council stated that "Leaders are expected to announce a political agreement on the EU-Japan free trade agreement."

This could be considered a brief and final settlement to iron out the entire complications between EU and Japan, the European officials further mentioned on Tuesday that there were still some major issues needed to resolve prior the EU-Japan summit on Thursday.

Since Abe already confirmed his attendance, it only indicates his certainty about the agreement and willing to inscribe his signature as well as to put pressure towards trading negotiators in order to ensure partly an outline of the deal regarding the introduction on each other’s markets. And this includes the European farm produce and Japanese automobiles which are considered the most delicate areas.

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Economic News

Postby Andrea ForexMart » Fri Jul 07, 2017 1:34 am

China’s Economy Slowed Down in the Second Quarter

The economy of China could possibly weaken once again in the second quarter of 2017, slowed down by the slight tightening of the monetary policy of the government polled by China economists, Nikkei and Nikkei Quick News.

Most of the respondents mentioned that the property market failed to advance unlike before and pointed out that the economic decline will become more evident from July to the end of December.

As indicated in the survey, the average estimate of the economists for the gross domestic product of China will rose by 6.8% in Q2 this year, with marginal easing from the expansion on first quarter at 6.9%. The official figures are scheduled to be release on July 17.

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Re: Company News by ForexMart

Postby Andrea ForexMart » Mon Jul 10, 2017 3:26 am

The current Money Fall contest has already started on July 10, 2017 and will end on July 14, 2017.

You can register for the next competition which will take place from July 17, 2017 to July 21, 2017

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Economic News

Postby Andrea ForexMart » Tue Jul 11, 2017 3:19 am

Eco Watchers’ Index of Japan Increased Forecasts

The business confidence index, associated with workers whose jobs are delicate towards the economic situation of Japan, had increased in June for three months in a row. This is because of the advancement in the retail sale as shown in the government statistics on Monday.

The diffusion index of sentiment regarding the present economic conditions which is so-called “economy watchers,” including restaurant employees and taxi drivers, gained 1.4 points from May reaching 50.0, as stated by the Cabinet Office. The administration added that these figures were the highest recorded since December.

While the leading economic indicators in the approaching months surged and reached 50.5, higher by 0.9 points. The government was able to maintain its initial assessment for the second time around, claiming that the economy had continuously improved.


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Economic News

Postby Andrea ForexMart » Wed Jul 12, 2017 12:22 am

EU Leaders Urge Germany to Increase Expenditure

The economic leaders of the European Union held a meeting on Monday in Brussels, citing that euro countries with huge growth to heighten spending. This is an attempt to convince Germany to step up its public expenditure and to bolster its economic bloc.

Germany is anticipated to grow by 1.8 percent this 2017, as indicated in the estimate of the International Monetary Fund, while the trade surplus continued to rise.

The stable development of the German economy was linked with the same advancement in government expenditure with a 0.8 percent record on fiscal surplus in 2016.

A group of finance ministers was going to discuss at their monthly meeting about the fiscal stance of the EU in 2018 since some urged to influence the budgetary decisions of the 19 EU-member states.

The effort of the European Commission to make a slight development on fiscal policy for the entire euro area within this year was fulfilled by the German opposition, however, dropped afterward.

Prior the discussion on the 2018 policy, the Economics Commissioner Pierre Moscovici claimed that the logical basis of fiscal stimulus remains despite firm growth in the euro area.


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Economic News

Postby Andrea ForexMart » Thu Jul 13, 2017 12:14 am

Italy’s Industrial Output Rose by 0.7 pc in May

The industrial production of Italy had rebounded in May which gives hints that the growth of the economy till the end of the year may result to an equal or could even jump higher to the pace recorded during the first quarter.

The production rose by 0.7 percent since April after it dropped on the adjusted 0.5 percent as presented by the Rome-based statistics agency, Istat on Tuesday. While the median estimate of Bloomberg with 21 analysts who answered the survey showed a 0.5 percent increase. The industrial output gained 2.8 percent two months ago according to the yearly and compensation adjustment.

The upward revision on GDP during the Q1 in 2017 boosts confidence that the third-biggest economy of the euro area will improve.

The manufacturing index surge in an unexpected way during the month of June, hence, the consumers become more optimistic despite the unemployment rate escalated to 11.3 percent shown in the recently released labor-market data.

Istat further mentioned in a separate report that their main indicator reflects a “positive outlook for economic activity in the next months”.

Moreover, the International Monetary Fund increased its economic outlook for Italy in 2017 which is 1.3 percent versus the earlier forecast of 0.8 percent. The organization added that they anticipate a slight growth of 1 percent from 2018 up to 2020.

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Economic News

Postby Andrea ForexMart » Fri Jul 14, 2017 4:52 am

Singapore GDP Rose 0.4% in Q2 Obviated from recession

The economy of Singapore rose for the second quarter as it narrowly missed the recession as the engineering industries remained strong with high demand for semiconductor manufacturing equipment. The economy rose to 0.4 percent in the second quarter compared to the previous quarter and based on seasonally adjusted basis according to the Ministry of Trade and Industry.

It dropped to 1.9 percent in Q1 following the first revision in the first quarter and further declined to the former assumption of a 1.3 percent contraction. Despite the median forecast poll in Q2 declined by 1.1 percent, it is still on track to the overall forecast for the city-state progress.

The Gross Domestic Product rose 2.5 percent in the second quarter compared last year which was kept the same even after revisions and lower than the 2.8 percent growth. An economist described this as “softer than expected” since the construction has been weak and a slight easing from the manufacturing sector could offset services. At the same time, analysts are skeptical on the country’s sustained growth being electronic dependent and expansion of services may countervail any moderation.


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Re: Company News by ForexMart

Postby Andrea ForexMart » Mon Jul 17, 2017 3:18 am

The current contest has already started on July 17, 2017 and will end on July 21, 2017.

You can register for the next competition which will take place from July 24, 2017 to July 28, 2017

Note:
Registration for the next competition finishes 1 hour before the contest starts.
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Economic News

Postby Andrea ForexMart » Wed Jul 19, 2017 4:12 am

UK Economy Slowed Down As Consumer Spending Decline

The British economy is expected to slow down this year, following its slowest pace since 2012 considering the fact that the citizens of Britain had cut back due to increasing inflation, based on the latest predictions that could wreak an impact towards consumer spending.
The annual GDP growth is projected to decline by 1.5 percent this year and 1.4 percent next year because of the stumbling demand shown on the forecasts of accountants PwC.

The growing cost of day-to-day products dropped as 2017 started on the back of strong expenditure that mold the economy into a much better shape during the end of 2016 compared with the outlook of well-known economist for the aftermath of the Brexit referendum.

Nevertheless, the effects of the sharp downturn in the pound value after the EU exit triggered for the inflation surge which is 0.5 percent only in June 2016 through 2.9 percent in May. The most recent inflation data will be issued this morning as the PwC projected that it will keep on the average of 2.9 percent up to 2018.

According to the new forecast, the growth for private expenditure fell to 1.5 percent which is a significant downward revision made by PwC during earlier estimates on March that expects 2 percent consumption growth.

The Office for National Statistics said that the consumption expenditure gained 1.7 percent growth in 2016.

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