Trading news

Expert's opinion from FXFinPro

Industrial production in China increased by 6.0%

At the weekend was published important data from China. Thus, the focus of traders was drawn to data on industrial production, whose growth in April slowed to 6.0% for the year compared to 6.8% in March. The increase in production was recorded in 35 of 41 industrial sectors in China. The leaders were automotive (12.1%) and chemicals (10.0%). The slowdown in industrial growth in China reinforces the fears of investors about the state of the second-largest economy in the world, which has a strong impact on commodity markets. As a result, the interest in defensive assets like gold grew and it may increase in the case of a fall on the US stock markets. In this case, the price of gold may rise to 1300, 1330 and 1350 dollars per troy ounce.

More detailed analytics you can see at our site https://fxfinpro.com/en/analytics

 

Monday, 16 May, 2016 / 1:11

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

Source :

Trading news

 

Robinhood Stock: What Should You Know?

Since August 2 a new stock is available for trading with the FBS broker under [...]

Posted on Tuesday, 03 Aug, 2021 / 10:31 under

Yield meltdown boosts yen, RBA holds the line

  Yen shines, stock markets erase gains as bond yields [...]

Posted on Tuesday, 03 Aug, 2021 / 9:11 under

ASIA STOCKS RECORD GAINS DESPITE COVID-19 CONCERNS

Markets in Asia started the week on a strong note, despite China recording [...]

Posted on Tuesday, 03 Aug, 2021 / 9:06 under