China Exports To Remain Strong In Near-Term: Capital Economics

RTTNews | 342 วันที่ผ่านมา
China Exports To Remain Strong In Near-Term: Capital Economics

(RTTNews) - China's exports are set to stay strong in the near-term, underpinned by gain in export competitiveness, economists at Capital Economics said.

Data released on Monday showed that exports growth eased sharply to 2.4 percent in September from 8.7 percent in August. At the same time, imports grew 0.3 percent on a yearly basis, slightly slower than the 0.5 percent increase seen in the prior month.

As a result, the trade surplus declined to $81.7 billion from $91.02 billion in August, the customs office reported.

With volumes still growing at a double-digit pace, exports growth remained resilient despite a sharp slowdown, Zichun Huang and Julian Evans-Pritchard at Capital Economics said.

In the near-term, exports growth will be strong with a lower real effective exchange rate allowing exports to capture global market share. However, growing trade barriers are likely to become an increasing constraint further ahead, damping longer-term export growth, they noted.

Economists expect import to rebound in the short run as faster fiscal spending drives up demand for industrial commodities.

read more
Asian Shares Mixed As Investors Ponder Fed's Rate Path

Asian Shares Mixed As Investors Ponder Fed's Rate Path

Asian stocks turned in a mixed performance on Monday as investors wondered how U.S. President Donald Trump's crackdown on immigration will reshape the world's largest economy in the short and long term.
RTTNews | 19 นาทีที่ผ่านมา
Dollar Edges Up After Fed's Cautious Rate Cut

Dollar Edges Up After Fed's Cautious Rate Cut

The six-currency Dollar Index which measures the U.S. dollar's strength against a basket of 6 currencies edged up during the week ended September 19 amidst a cautious rate cut by the Federal Reserve as well as status quo by Bank of England and Bank of Japan.
RTTNews | 48 นาทีที่ผ่านมา
European Shares Seen Mostly Lower In Cautious Trade

European Shares Seen Mostly Lower In Cautious Trade

European stocks are seen opening flat to slightly lower on Monday as investors react to the Trump administration's immigration crackdown on H-1B visas and shift focus to a slew of U.S. economic data as well as speeches by Fed Chair Jerome Powell and other Fed officials due this week for additional clues on the future path of interest rates.
RTTNews | 3 ชม. 24 นาทีที่ผ่านมา
China Leaves Key Interest Rates Unchanged

China Leaves Key Interest Rates Unchanged

The People's Bank of China left its benchmark interest rates unchanged for the fourth straight month despite key indicators suggesting economic slowdown. The PBoC kept its one-year loan prime rate unchanged at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The decision came in line with expectations.
RTTNews | 3 ชม. 35 นาทีที่ผ่านมา
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Monday, but adding to the gains in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving above the 8,800.00 level, with gains across most sectors led by mining and financial stocks.
RTTNews | 5 ชม. 32 นาทีที่ผ่านมา
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Monday, following the positive cues from Wall Street on Friday, as the recent interest rate cut decision by the US Fed and the forecast by Fed officials of two more rate cuts this year but just one next year, continue to lift market sentiment. However, major currencies in the region weakened against the US dollar. Asian markets closed mixed on Friday.
RTTNews | 5 ชม. 52 นาทีที่ผ่านมา
Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Sensex, Nifty Set To Open Lower After Trump's Visa Crackdown

Indian shares look set to open lower on Monday, with tech stocks likely to be in focus after U.S. President Donald Trump signed an executive order slapping an additional fee on H-1B visa holders, potentially impacting profitability and prompting companies to rethink hiring strategies.
RTTNews | 6 ชม. 28 นาทีที่ผ่านมา