China’s consumer price index (CPI), a main gauge of inflation, was forecasted a faster growth in October, according to a recent research report.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
Gold Up Little, Focus Remains on Nonfarm Payroll, Fedspeak
Gold edged higher through the early European session on Friday, albeit remained well below the overnight swing high to over one-week tops.
GDP Forecast for 2019-20 Revised to 6.1% – Neal Bhai Reports
The rate cut comes at a time when the Indian economy is facing its worst slowdown since the dip in economic activity following the global financial crisis of 2008-09.
File Complaint Against PMC Bank Management, Angry PMC Depositors On RBI Move
The Reserve Bank of India-appointed administrator for Punjab and Maharashtra Cooperative Bank is likely to file a formal complaint against K Joy Thomas, the suspended managing director of the bank.
Federal Reserve set to disappoint Trump with 25bp cut
After one more interest rate cut, the Federal Reserve will be finished cutting rates, according to Goldman Sachs. The firm gives an 80% probability of another rate cut this year to wrap up the Fed’s easing cycle.
ECB Press Conference Outlook & Report on Thursday, 12 September 2019
Mario Draghi faces one of the most contentious policy meetings of his European Central Bank presidency on Thursday as he prepares to ramp up monetary stimulus again despite skepticism from the euro area’s biggest economies.
Gold Boom Higher on Lackluster Non-Farm Payrolls Data – Gold Silver Reports
The increase in new jobs for July was downwardly revised to 159,000 from 164,000 and June’s figure was cut to 178,000 from 193,000. Average hourly earnings was a bright spot, rising by 0.4% in August and 3.2% over the year, beating expectations. The market reacted to the jobs data with a sharp rally in gold and the US dollar weakening against its major counterparts.