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MarketsDaily - Forex Trading News & Market Analysis
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Tuesday May 7, 2024

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Asian Shares Surge As Talks of US Interest Rate Hikes Subside

On Monday, the Asian shares surged to one-year highs due to dampened expectations that the US Fed is going to hike the interest rates in the coming months. Disappointing US economic growth data is the main reason investors now have doubts that the federal reserve is going to tweak the interest rates higher.…

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China NBS Manufacturing PMI down for the month of July
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According to the National Bureau Statistics of China, Manufacturing PMI in China unexpectedly came in at 49.9 in July of 2016 from 50.0 in June and slightly below market estimates. It was the first time the index fell below 50 since February, as output and new orders eased while new export orders shrank further.…

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Asian Shares Surge As Talks of US Interest Rate Hikes Subside

China NBS Manufacturing PMI down for the month of July Warning: A non-numeric value encountered in /home2/sharonox/public_html/wp-content/themes/allegro-theme-child/functions/other.php on line 93

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China NBS Manufacturing PMI down for the month of July
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