Economy News


China Iron ore Imports fall 1.9% in Sept from Aug -Customs

China Iron ore Imports fall 1.9% in Sept from Aug -Customs

China’s iron ore imports in September fell 1.9% from a month earlier, official customs data showed on Wednesday, as environment-related steel production controls restrained consumption of the steelmaking raw material.


October 13, 2021
China Oil Imports down 15% on yr, Gas Imports at 9-mth High
China Oil Imports down 15% on yr, Gas Imports at 9-mth High

China’s September crude oil imports fell 15.3% from a year earlier, data showed on Wednesday, as companies drew on inventories amid rising...

China Sept Export Growth Unexpectedly Picks Up, Imports Slow
China Sept Export Growth Unexpectedly Picks Up, Imports Slow

China’s export growth was faster than expected in September, as solid global demand offset some of the pressure on factories from power...

China Sept Soybean Imports fall 30% y/y on Slowing Demand
China Sept Soybean Imports fall 30% y/y on Slowing Demand

China’s soybean imports in September fell 30% from the same month the previous year, customs data showed on Wednesday, as poor crush margins...

October 12, 2021
Russia Raises 2021 Inflation Forecast to 7.4%, CB Meeting Looms
Russia Raises 2021 Inflation Forecast to 7.4%, CB Meeting Looms

Russia has raised its 2021 inflation forecast to 7.4% from 5.8%, the economy minister said on Tuesday, adding to pressure on the central bank to...

China Launches new Round of Graft Busting in Finance Sector
China Launches new Round of Graft Busting in Finance Sector

China’s ruling Community Party turned its sights on the country’s vast financial sector this month, kicking off a new round of a...

China's Property Sector Stalked by Evergrande Default Fears
China's Property Sector Stalked by Evergrande Default Fears

Debt-saddled Chinese property firms took heavy fire in bond markets on Tuesday, after the poster child of the sector’s woes, Evergrande...

UK Jobs Hit Record High as BoE Mulls First Rate Hike
UK Jobs Hit Record High as BoE Mulls First Rate Hike

British employers took their payrolls to a record high in September, shortly before the end of the government’s wage subsidies programme,...

UK Shoppers Turn more Cautious on Spending
UK Shoppers Turn more Cautious on Spending

British shoppers increased their spending in September at the slowest pace since January, when the country was stuck in a coronavirus lockdown, as...

Japan Wholesale Inflation Hits 13-Year High
Japan Wholesale Inflation Hits 13-Year High

Japan’s wholesale inflation hit a 13-year high in September as rising global commodity prices and a weak yen pushed up import costs, putting...

October 11, 2021
U.S. Earnings Seen Strong, but Supply Chains Worry Investors
U.S. Earnings Seen Strong, but Supply Chains Worry Investors

Investors are primed for another period of strong U.S. profit growth as third-quarter reports from Corporate America flow in starting next week....

October 8, 2021
UK Consumer Confidence Slides as Inflation Worry Mounts: BoA
UK Consumer Confidence Slides as Inflation Worry Mounts: BoA

British consumer morale has fallen to its lowest since February, when the country was under heavy COVID-19 restrictions, due to worries about the...

U.S. Job Growth seen Picking Up after Delta Setback
U.S. Job Growth seen Picking Up after Delta Setback

U.S. job growth likely accelerated in September as the summer wave of COVID-19 infections began to subside, fueling demand for high-contact...

Japan Household Spending Falls, COVID-19 Curbs Sap Recovery
Japan Household Spending Falls, COVID-19 Curbs Sap Recovery

Japan’s household spending fell more sharply than expected in August, as state of emergency curbs to combat the coronavirus pandemic weighed...

October 7, 2021
Gazprom says Gas Prices could Destabilising Europe's Economy
Gazprom says Gas Prices could Destabilising Europe's Economy

Europe’s soaring gas prices could destabilise the region’s economy, the head of Russian gas producer Gazprom’s export arm told a...

China Sept Forex Reserves Fall to Lowest Since April
China Sept Forex Reserves Fall to Lowest Since April

China’s foreign exchange reserves fell almost 1% in September from the previous month, official data showed on Thursday, hitting their lowest...

German Industrial output Slumps in Aug on Supply Chain Woes
German Industrial output Slumps in Aug on Supply Chain Woes

German industrial output dropped by far more than expected in August due to supply chain disruptions that are holding back growth in Europe’s...

BOJ Gloomier on Regional Economies Due to Auto Output Disruptions
BOJ Gloomier on Regional Economies Due to Auto Output Disruptions

The Bank of Japan cut its economic assessment for five of the country’s nine regions on Thursday as supply constraints disrupted factory...

Australia Resources Minister Floats A$250B Coal Lending Facility
Australia Resources Minister Floats A$250B Coal Lending Facility

Australia’s resources minister has proposed setting up a government-run A$250 billion ($180 billion) lending facility for the country’s...

October 6, 2021
ADP Employment Report Lifted the DXY
ADP Employment Report Lifted the DXY

US private sector employment rose by 568K from August to September, the ADP said in a report two days before the official NFP publication. These...

Gas Price Explosion Jolts UK Bond Market
Gas Price Explosion Jolts UK Bond Market

Britain’s government bond market is showing signs of strain from the country’s energy crisis, with headlines about gas prices sparking...

Commodity Currencies Up, Safe Havens Down as Risk Appetite Returns; ADP Report
Commodity Currencies Up, Safe Havens Down as Risk Appetite Returns; ADP Report

Rates as of 05:00 GMT Market Recap In Japan they say “A woman’s heart is as changeable as the autumn sky.” Maybe they should say...

October 5, 2021
U.S. Trade Deficit Jumps to Record High in August
U.S. Trade Deficit Jumps to Record High in August

The U.S. trade deficit raced to a record high in August, boosted by imports as businesses rebuild inventories, the latest sign that economic growth...

Euro Zone Business Growth Slowed in Sept, Supply Issues -PMI
Euro Zone Business Growth Slowed in Sept, Supply Issues -PMI

Business growth in the euro zone remained strong last month but was hit by ongoing supply issues constraining activity while elevated inflationary...

UK new Car Registrations Slide in Weakest Sept for over 23Y
UK new Car Registrations Slide in Weakest Sept for over 23Y

British new car registrations fell last month by 35% year on year to 214,000 units, according to preliminary industry data on Tuesday that marked...

Australia Trade Surplus Surprises with High Commodity Demand
Australia Trade Surplus Surprises with High Commodity Demand

Australia’s trade surplus unexpectedly grew to a record in August as strength in liquefied natural gas and coal exports more than offset a...

Australia Job Ads fall 2.8% in Sept, Resilient Overall-ANZ
Australia Job Ads fall 2.8% in Sept, Resilient Overall-ANZ

Australian job advertisements dipped for a third month in September as coronavirus lockdowns shut Sydney, Melbourne and Canberra, but were still...

October 1, 2021
Turkish Manufacturing Activity Expands in Sept -PMI
Turkish Manufacturing Activity Expands in Sept -PMI

Turkish factory activity grew in September for a fourth straight month as output and new orders continued to pick up and companies hired more...

India Coal Crisis Brews as Power Demand Surges
India Coal Crisis Brews as Power Demand Surges

Indian utilities are scrambling to secure coal supplies as inventories hit critical lows after a surge in power demand from industries and sluggish...

September 30, 2021
Bank of Spain asks Banks to Monitor State-Backed Loans
Bank of Spain asks Banks to Monitor State-Backed Loans

Spanish banks must carefully monitor the performance of state-backed loans granted during the COVID-19 pandemic to identify risks and any potential...

Saudi Unemployment down Marginally to 11.3% in Q2
Saudi Unemployment down Marginally to 11.3% in Q2

Unemployment in Saudi Arabia declined only marginally to 11.3% in the second quarter from 11.7% in the first three months of the year, official...

German Unemployment Falls in Sept Despite Supply Bottlenecks
German Unemployment Falls in Sept Despite Supply Bottlenecks

German unemployment fell in September, official figures showed on Thursday, suggesting that supply chain bottlenecks hitting industrial firms have...

September 29, 2021
China Copper Smelters Lift Q4 Treatment Charges ahead of Miner Talks
China Copper Smelters Lift Q4 Treatment Charges ahead of Miner Talks

China’s top copper smelters on Wednesday set floor treatment and refining charges (TC/RCs) for the fourth quarter at $70 per tonne and 7...

September 28, 2021
Energy Prices: Final Acceleration before Descending
Energy Prices: Final Acceleration before Descending

The primary focus on the markets switched to the energy sector, where prices are making new multi-year highs. The price of natural gas in the US on...

French Consumer Confidence Stronger than Expected in Sept
French Consumer Confidence Stronger than Expected in Sept

French consumer confidence improved more than expected in September as households’ concerns about unemployment eased, a monthly survey showed...

China Factory Profits Slow, Industries Brace for Power Crisis
China Factory Profits Slow, Industries Brace for Power Crisis

Profit growth at China’s industrial firms slowed for a sixth month as plants fought off high commodity prices, COVID-19 outbreaks and part...

German Consumer Morale Brightens Heading Into October - GfK
German Consumer Morale Brightens Heading Into October - GfK

The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year and a half, a survey showed on...

Chile's Economy to Grow Faster than Expected in 2021
Chile's Economy to Grow Faster than Expected in 2021

The Chilean economy is expected to fare better than expected in 2021, fast recouping lost ground thanks in part to the success of the...

September 27, 2021
China Power Crunch: Factories Shut, Growth Outlook Dim
China Power Crunch: Factories Shut, Growth Outlook Dim

Widening power shortages in China have halted production at numerous factories including many supplying Apple and Tesla, while some shops in the...

September 24, 2021
UK Consumer Morale Wilts under Cost-of-Living Crisis
UK Consumer Morale Wilts under Cost-of-Living Crisis

Growing worries over energy bills, food costs and tax hikes prompted a hefty drop in British consumer confidence this month as people became more...

Taiwan Export Orders Growth Underwhelms on Smartphones
Taiwan Export Orders Growth Underwhelms on Smartphones

Taiwan’s export orders grew less than forecast in August on unexpectedly weaker demand for new smartphones, though the government said the...

September 23, 2021
Fed is in no Hurry yet but Prepares to Raise Rates Faster
Fed is in no Hurry yet but Prepares to Raise Rates Faster

The US central bank kept its monetary policy unchanged at the end of the two-day meeting. This was in line with market expectations and therefore...

Power Price Surge Threatens Spanish Recovery
Power Price Surge Threatens Spanish Recovery

Surging natural gas prices across Europe could hinder the economic recovery in Spain, where small businesses crucial to local employment are more...


The economy as a key factor in currency and stock trading

The economy is one of the key factors in the degree of the influence on the currency market. Such economic indicators as gross domestic product, consumer indices, indices of industrial production, inflation and the labor market are very important for the traders in the analysis and the construction of their trading strategies.

Follow the news of the world economy for successful trading

Understanding of the formation of economic indicators provides an opportunity for participants in the Forex market to conduct a more efficient trade. Publications of economic news have a direct impact on the exchange rate and on the income of traders, that is why everything that happens in the world economy must be carefully taken into account by traders in their trading plans.

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