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The current Money Fall contest has already started on August 28, 2017 and will end on September 1, 2017.
You can register for the next competition which will take place from September 4, 2017 to September 8, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Attachment 28301
Brazilian Economy Increased nearly in Q2
The economic growth of Brazil slightly slowed down in the second quarter, as polled by Reuters’ economist on Tuesday. Despite the increase in consumer expenditure that indicates recovery from the depression 100 years ago. While the GDP of the country would likely pick up to 0.1 percent in the quarter from the first three months of 2017 in the rear of seasonal adjustments, as shown in the median forecast made by 34 analysts.
According to projections, the quarterly drop ranges from 0.3 percent to 0.7 percent growth, linked with the prediction of Banco Santander which is a highly accurate GDP forecaster, but growth is not expected at all. The survey underlined both the possible blow and feasible support for policymakers and investors upon the publication of data on Thursday 9 AM (1200 GMT)
Moreover, the GDP of the largest economy in Latin America declined by 8 percent amid Q4 in 2014. The end of the fiscal year 2016 is the greatest recession for the country since the last recorded in 1901. Inflation was initially seen to escalate but slumped to its lowest level in eight years with a faster pace than anticipated. This influenced policy makers to trim their target for annual inflation. The central bank of Brazil also cut their interest rates by 500 basis points since October by which eventually held some impact as stated by economists.
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Fastest Growth of US Economy During the Second Quarter
During the January-March quarter where US President D. Trump was already in the position, America’s economy was able to grow by 3% based on the updated estimates issued by the administration on Wednesday. This is the strongest growth recorded since Q1 of 2015 which doubled the pace of the first three months 2017, it also provided a much accurate estimate for the Q2. While the government gauged that second quarter growth will gain 2.6% in July, initially. The economic momentum was influenced by robust consumer expenditure and stronger business investments. President Trump pledged during his campaign for a 4% growth, but later on reduced this to 3%.
Moreover, the White House aims to improve the slow recovery from the general economic decline by lowering down taxes, cutting deregulation while increasing infrastructure expenditure. Until now, the economic agenda of Trump still unable to settle in the Congress
Nevertheless, the American economy seems to be healthy, mainly on employment. Hiring for private employers was increased in August with 237,000 additional laborers, based on the ADP assessment released on Wednesday.
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The current Money Fall contest has already started on September 4, 2017 and will end on September 8, 2017.
You can register for the next competition which will take place from September 11, 2017 to September 15, 2017
Note:
Registration for the next competition finishes 1 hour before the contest starts.
Attachment 28389
This week’s most popular deal:
Attachment 28390
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Positive Corporate Australian Rates; Rise in Wages for Q2
This has been the largest rise in salaries and wages in two years for the past quarter with an optimistic outlook to consumer expenditure yet the decline in inventories has influenced the general economic growth.
The gross profit of companies has dropped by 4.5 percent within the months of April to June after a growth of 6 percent in the beginning when profits soared to historic levels from Australian Bureau of Statistics on Monday. Mining has been affected by the decline of greater than 15 percent at pre-tax level.
On the other hand, salaries and wages climbed to 1.2 percent or A$1.6 billion in the second quarter implying that employees also benefit from businesses. The Gross Domestic Product scheduled on Wednesday was predicted to imply advancement of 0.8 percent worth A$1.7 trillion in the Australian economy as it recovered from a slow rise of 0.3 percent for the period of January to March. Overall, the yearly growth is noted to be subdued with 1.9 percent.
The growth rate of the Reserve Bank of Australia for 3 percent in the succeeding years with the low mining ventures that has been dwindling down for a protracted period while costly prices of commodities traded internationally affect the economy.
The RBA will have its policy meeting for September on Tuesday which is presumed to maintain the current borrowing rates at 1.5 percent since August in the previous year.
Attachment 28406
Economic Upturn of Euro Benefited the British Manufacturers
Reports in the British factories shows huge volume of book orders which are triggered by the sluggish pound after the Brexit referendum plus the robust economy of the euro zone.
According to the survey on business expectations for Q3 in 2017, shows an increase of 34% in output among companies polled by business advisory firms, BDO and EEF which are the manufacturers' body. It presented an expansion from 26% in the past three months.
Based on the report, order books further reached record levels due to higher demand levels from overseas. As 47% of the companies deemed that EU exports grew during the third quarter compared in 2016. Meanwhile, the demand from Asia and the United States also helps negate the relative weaknesses in the UK brought by Brexit.
Moreover, the decline in the pound’s value led to a surge in various economic prices since the EU exit raised costs for imports. This also helped UK products to be more competitive in foreign lands.
It’s been awhile before the exporters gained the benefits. As shown in the report, the demand bolstered by the expansion of economic growth in Europe which weakened the economic performance of UK during the financial disaster until this year.
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Greenbacks Weakened as Japanese Yen Strengthened
On Tuesday, the American dollar declined against its major counterparts as tensions arise brought by the North Korea and the reluctance of the Fed Reserve to approach US investors upon returning to the market from the Labor Day holiday.
The ICE U.S. Dollar Index measures the performance of the greenbacks versus its other major six rivals, as it slid lower at 0.3% to 92.318. While, the WSJ Dollar Index gauges the dollar’s position within the larger basket of currencies, showing a downward move by 0.4% to 85.29.
Almost of the U.S. markets were not in operation last Monday due to Labor Day.
The greens further gained losses against the safe haven currencies including the Japanese yen and the Swiss franc on Monday, after the most recent nuclear test made by the Democratic People's Republic of Korea
The USD was able to broke the 109 handle against the yen held during the earlier session, as it weakened to ¥108.73 which is lower from ¥109.73 on Monday.
The city of Pyongyang is predicted to prepare another missile launch sooner or later, that is possible as early as Sept. 9 during the celebration of the region’s National Foundation Day in 1948.
Moreover, the U.S. Dollar fell to 0.9551 against the Swiss franc on the back of a robust trading session and reached the 0.9583 level on Monday.
Attachment 28409
Britain is Certain for a Post-Brexit Immigration Policy
The Britain intends to push through a balanced policy on immigration when the Brexit was finalized and left the European Union. They intend to look for highly-skilled workers while attempting to push the general statistics to move lower according to the Defense Secretary Michael Fallon on Wednesday.
A certain publication disseminated a government document on Tuesday that is supposed to be private where the scheme to lower the number of skilled workers E.U. in Britain after Brexit in 2019.
The defense secretary also noted that final plans later will be published later this year. They wanted highly-skilled people to come over their country and will open doors. At the same time, British companies are anticipated to be able to train their fellow British workers as the public also agrees with the concept of controlling the immigration instead of totally closing doors. Needless to say, they voted for Brexit referendum.
Attachment 28419
German Economy Slacken Due to Increasing Radicalism
After more than two decades of reunification, the former Communist east moved slowly behind the west German states, according to the government. It also showed some warnings regarding social gap and the risk of being radicalized.
The high employment record, improved job security, and increasing wages bolstered the consumer-driven growth of the German economy. This helped Chancellor Angela Merkel to gain the victory for her fourth term in office during the federal election on September 24.
As shown in the annual report of the government, the current status of German unity indicate rising level of life satisfaction in the east for the past decade, however, the division between the economic strength of the east and west is tightening very slowly.
The GDP per head in the eastern states slacken against the west by 27 percent, while jobless rate came in at 8.5 percent in 2016, this surpasses the national average at 5.7 percent as laborers receive lower salary.
The East Germany strongly supports the anti-immigrant Alternative for Germany (AfD) party because of its role during public angst as many refugees dominated the country, transferring jobs and resources from Germans.
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