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This is a discussion on Company News by ForexMart within the Forex Brokers forums, part of the Trading Forum category; RBNZ Forecast Keeps Policy Rates Unchanged In Short-term The central bank of New Zealand is presumed to keep the interest ...

          
   
  1. #391
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    RBNZ Forecast Keeps Policy Rates Unchanged In Short-term



    The central bank of New Zealand is presumed to keep the interest rates unchanged this week for the next term as policymakers wait for an increase in inflation and higher growth numbers and determine its sustainability.

    Meanwhile, economists will see scrutinize the monetary policy on Thursday if the trend changes from being dovish since August, as it decided to sustain the interest rates at a record low until 2020 since the current progress did not meet expectations.

    The official cash rate (OCR) of the Reserve Bank of New Zealand will be maintained since November 2016 to be at 1.75 percent based on the Survey from Reuters of 16 economists on the final policy review for the year.

    However, two economists anticipate a rate hike in the July quarter of 2019 and four of them assumed an increase in the last quarter while the rest of the months expected not to change in 2019.

    The latest announcement from the RBNZ Governor Adrian Orr for the month of September was not too negative at the August meeting but said that an accommodating monetary policy is necessary to raise inflation.

    RBNZ is taking solace from the unexpected solid growth for the second quarter and continued on the next three months, close to the midpoint target of 2.0 percent according to analysts while some consider this to be misleading.

  2. #392
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    German Industrial Orders Boosted by Local demand



    The German industrial order grew surprisingly in September boosted by higher demand from domestic and other eurozone clients based on the reports on Tuesday. This also shows that Germany closed the quarter in solid growth.

    Contracts that are made locally rose by 0.3 percent after an increase and revised higher by 2.5 percent last month, according to the Fed Statistics Office.

    The figure came out stronger than anticipated as analysts forecast of a drop by 0.6 percent.

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    China’s Exports Rushed Ahead Higher US Tariffs Next Year



    Exports came out better-than-expected in Octobers as companies hasten shipment to the United States with higher tariffs by next year, which their top trading partner.

    On the other hand, imports slowed down compared to forecasts while Beijing implements counter-measures to higher tariffs of US next year.

    The positive readings from China give positive news to boost global demand which has raised concerns to some and the slowest growth of the country since the global financial crisis in the third quarter.

    A month has passed since US tariffs on Chinese goods implemented starting September 24, reflecting an important escalation in the of escalating trade war.

    However, analysts see the risk of sharp decline in the US demand for Chinese goods in early 2019 while everybody’s attentions are focused on the president of US and China and hopefully come to an agreement on their meeting this month.

    Exports in China grew to 15.6 percent last month than a year ago. Customs data shown on Thursday, boosted from 14.5 percent in September, exceeding forecast of analysts by just 11 percent. Nevertheless, Oxford Economics showed a solid growth as it rose astonishingly by 9.9 percent. However, analysts say that export reading will just be transitory given slower export orders for some months.

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    BoF Report Shows 0.4 Percent Growth but less than the INSEE Forecast



    The economy of France is anticipated to rise by 0.4 percent in the fourth quarter, according to the Bank of France on Monday, where the figures show a steady growth.

    In the previous month, the INSEE national statistics office anticipate growth 0.4 percent of the French economy in the September quarter, lower than the forecast of 0.5 percent growth.

    Economists deem that the second largest economy needs to increase by 0.8 percent in the last quarter after achieving the 1.7 percent rate forecast by the government of Macron for the whole year.


    Moreover, the industrial production demonstrated a sluggish growth in October based on the business climate survey on Monday. The primary reason is the automobile business amid updates in the new industry that affects car production.

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    Japan’s Economic Growth Declined in Q3 Amid Trade Tensions



    The Japanese economy dropped more than the expected figure in the third quarter because of natural and lesser imports which can be due to the escalating trade protectionism on offshore demand.

    The decline in number indicates the increasing sign of weakness in the global market as we can see China and Europe losing its ground. Germany is anticipated to be released later in the day which also showed a decline in the previous quarter.

    The government continues to see that the economy can recover moderately because of typhoons and earthquakes affecting production, as well as consumption. As an economist at Tokai Tokyo Research Center said, “The decline in exports cannot be attributed entirely to the natural disasters”. However, few analysts see that this can’t be because of just a single factor amid the decline in exports and sluggish Chinese demand and effects on increasing global trade friction.

    The contraction of 1.2 percent in the July quarter for an annual basis, higher than the median estimate decline of 1.0 percent. Previously, it showed a solid growth of 3.0 percent, according to the reports on Wednesday.

    Fall in exports was primarily due to the 1.8 percent, which was the largest drop over three years. The capital expenditure declined by 0.2 percent after its growth of 3.1 percent in April. This has been the first decline in two years based on the reports.

    Analysts warn that recovery may be weaker than anticipated and could hamper growth next year when problems on trade conflict worsen.

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