China reported slower manufacturing growth in October for the second straight month as the country’s trade war dispute with the U.S. continues.
China
Gold Slips as Trade, Emerging Market Worries Lift Dollar – Gold Silver Reports
Gold slipped on Tuesday as concerns over an escalating trade conflict between the United States and China battered emerging market currencies and prompted investors to seek perceived safety in the dollar. A stronger dollar makes dollar-priced gold costlier for non-US investors.
Gems, Jewellery Exports Decline By About 5% in April-July
Gold Silver Reports (GSR) — The country’s gems and jewellery exports contracted by around 5% to ₹10.64 billion in April-July this fiscal, mainly on account of demand slowdown in major developed markets.
China: Cutting our GDP forecast – Gold Silver Reports
A race between government stimulus and damages from trade war
China’s overall economic performance in terms of GDP depends on whether fiscal stimulus and monetary easing are big enough and happening fast enough to offset the negative impact on exports and related manufacturing activity from the ongoing trade war.
China, India Extend Grace Periods for Mozambique Debt Repayments
Gold Silver Reports (GSR) – China, India Extend Grace Periods for Mozambique Debt Repayments — The two countries agreed to the extensions in talks last year, Stelia Neta, deputy national director of the ministry, said in an emailed response to questions. In addition, China agreed to forgive $34 million of debt, she said.
MCX Copper Prices Ready for Big Blast, Strong Support 436
Neal Bhai Reports (NBR) – MCX Copper Prices settled down 0.39% at 438.25 but prices recovered from lows amid expectations of rising seasonal demand in the second quarter.
China Foreign Reserves Rise on Yuan Gains
Gold Silver Reports (GSR) – Reserves rose $8.34 billion to $3.143 trillion in March from the previous month, the People’s Bank of China said Sunday. That was slightly below the $3.146 trillion estimate survey of economists. The March figure marks a turnaround after falling in February for the first time in 13 months. The State Administration of Foreign Exchange expects the country’s foreign reserves will remain stable.