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China's government focuses on local debt

China on strict controls

China focuses on restructuring and local debt

China's government will resume performing strict controls on its local debt and restructuring, despite that the debt repayment weakened in some areas, the nation's finance ministry stated.

Dollar resumes stable

The greenback remained steady versus its other major counterparts today, amid the investors and the traders being cautious, before the release of the U.S.'s employment data.

The EUR/USD stabilized at 1.1103 and is slightly lower than last Thursday's 1.1128 level.

Oil prices on a stable mode

The dark commodity, oil, climbed today, thus stabilizing to higher areas, following its recent five-day drop.

Brent crude traded at $46.48 a barrel, rising 0.28% or 13 cents, and WTI futures to $44.77, appreciating 0.25% or 11 cents.

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Friday, 04 Nov, 2016 / 3:22

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Source : https://www.argusfx.com/en/research-education/market-analysis/news/china-s-government-focuses-on-local-debt

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