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The consensus forecast is that the report will show retail sales rose 0.1%, following a rise of 0.5% in May. Excluding the automobile sector, sales are expected to grow by 0.1%, after rising 0.5% in the preceding month. Rising retail sales over time correlate with stronger economic growth, while wea...
China is to keep the prudent monetary policy, proactive fiscal policy Says China is to expand effective investment Calls for stable, healthy economic development
Sluggish growth raises concern that a response is needed China's growth to slow gradually and more if trade dispute worsens US economy has low jobless rate but no inflation pickup All of Europe's policy levers need to be ready for use IMF baseline scenario...
Monetary policy cannot do everything, cannot repair protectionist damage It also cannot replace reforms, fiscal policy Monetary policy is guided by central bank mandate, not targeting exchange rate Says that the ECB is data dependent, not market dependent T...
1. UK Employment Report The UK Office for National Statistics will publish the monthly jobs report today and it will be watched more for what it says about wages than hiring. The UK Unemployment Rate is expected to stay at 3.8% in May, the same as the previous...
U.S White House Financial Advisor Kudlow Reiterates Call For China To Buy U.S. Agricultural Products
U.S NY Empire State Manufacturing Index for June will be closely followed by traders. The data measures the relative level of general business conditions in New York. It is expected to an outcome of 1.60. A better than expected realizations may provide some support for the US Dollar.
China Foreign Ministry states that Chinese companies will not cooperate with US firms that sell weapons to Taiwan
Last week, Federal Reserve Chair Jerome Powell sent a clear signal that the Fed will cut interest rates for the first time in a decade later this month. In Powell’s testimony, he said that since Fed officials met last month, “uncertainties around trade tensions and concerns about the st...
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