Trading news

China's profit rises at the fastest rhythm

China's profit, with regards to the industrial firms, escalated at the fastest rhythm within a period of three months in June, highlighting that government spending supported the sector and boosted investment.

China's June profit to 616.32 billion yuan

According to the National Bureau of Statistics, today, June's profit reached the 616.31 billion yuan or $92.40 billion, appreciating 5.1%, thus reporting the fastest pace in growth since March.

As per an ANZ economist in Hong Kong, Raymond Yeung, the worst has gone when it comes to industrial profits.

Furthermore, the first half profit stood up 6.2%, approaching the 3.0 trillion yuan, compared to last year's figures, as well as having performed a 6.4% gain for the period January to May.

He Ping, NBS official, stated that June's profits appreciated since May, despite that the conditions are still unfavorable.

Read More

Wednesday, 27 Jul, 2016 / 7:15

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source : https://www.argusfx.com/en/research-education/market-analysis/news/china-s-profit-rises-at-the-fastest-rhythm

Trading news

 

EUR/USD Sticking to Its Two-Month Lows

Author: Dmitriy Gurkovskiy, Chief Analyst at RoboForex On the final September [...]

Posted on Monday, 28 Sep, 2020 / 11:47 under

Equities storm back on fiscal hopes

  Risk appetite improves on hopes that US fiscal deal isn’t [...]

Posted on Monday, 28 Sep, 2020 / 9:38 under

The Important Things That You Should Know On 28/09/2020

1) The dollar retreated from 2-month highs, driven by the improved risk [...]

Posted on Monday, 28 Sep, 2020 / 9:20 under