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The inactivity in Chinese exports likely eased in June as several countries resumed their economic operations. Meanwhile, imports declined milder on higher crude oil and commodities purchases, a Reuters survey showed on Monday.
Economists expect June exports from the world’s second-biggest economy to have declined 1.5% from a year earlier, dropping milder than the 3.3% contraction recorded in May.
More so, imports likely dropped 10.0% year on year. This came lighter than the 16.7% contraction the previous month as demand for oil and infrastructure materials advanced.
The economy is expected to recuperate faster than what was initially predicted as factories ramped up production on expansion in new orders. To note, factory gate prices advanced on a monthly basis in June.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
The Bank of England will announce next week how quickly it expects the economy to recover from the coronavirus pandemic, but it is unlikely to add to the 100 billion pounds of the fiscal package it released in June. Britain’s economy ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
Oil prices fell on Monday as a surge in coronavirus cases and the escalating U.S.-China tensions prompted a safe-haven bid. Brent crude slid 0.2%, or 8 cents, at $43.26 per barrel. U.S. West Texas Intermediate crude fell 0.2%, or 7 cents, ...
The dollar was under pressure on Monday as the escalating U.S.-China tensions weighed on the market, while investors worried that the U.S. coronavirus resurgence could stall economic recovery. The dollar fell to a four-month low on the yen ...
KYC Policy