The Reserve Bank of India (RBI) on Wednesday allowed state-owned oil marketing companies (OMCs) to raise external commercial borrowings (ECBs) from lenders under the automatic route.
economy
Data on China’s Manufacturing Growth will Likely show Further Slowdown in September
The Caixin Purchasing Managers’ Index for China’s manufacturing sector is expected to come in at 50.5 points for September, according to estimates by Reuters. That’s below August’s 50.6 points and the lowest reading since June 2017.
Trade war eating up China industrial profits – Gold Silver Reports
GSR (Gold Silver Reports) — While other data still have yet to show the trade war impact, industrial profits seem to show that the trade war is eating up profits of manufacturers in China, and even more so for foreign manufacturers.
Fed Raises Key Rate to Range of 2% to 2.25%, Keeps Forecast for 4 Hikes in 2018
The Federal Reserve said Wednesday that it sees the federal funds rate at 2.4 percent by the end of 2018, unchanged from its June forecast.
Donald J. Trump Tweet – Jobless Claims fell to their lowest level in 49 years!
Donald J. Trump Tweet – Jobless Claims fell to their lowest level in 49 years!
The number of Americans filing for unemployment benefits unexpectedly fell last week, hitting near a 49-year low in a sign the job market remains strong.
The US Economy and the Midterm Elections – Gold Silver Reports
The US economy is growing, inflation has finally hit the US Federal Reserve’s 2% target, and unemployment is quite low – and at an all-time low for African-Americans and Hispanics. For the first time in memory, there are more job openings listed by US companies than there are unemployed people. Such conditions usually foreshadow rising real (inflation-adjusted) wages, which would indicate that American workers, many of whom were left behind in the anemic post-crisis recovery, might finally reap benefits from the strong economy.
Fed, ECB To Define Gold Prices Near Term Target – Analysts
Gold Silver Reports (GSR) – Fed, ECB To Define Gold Prices Near Term Target – Many analysts have noted that gold has followed a well-established pattern: selling off before an expected rate hike to then rise once the dust has settled. The question on many investor’s minds is whether or not this pattern will hold next week as inflation picks up as the U.S. economy continues to grow at a steady clip.
Goldman’s a Raging Bull on Commodities as Turmoil Aids View
Gold price today are getting influenced by global economic uncertainties, geo-politics, financial unrest, US government credit rating downgrade, increased recession risk, and US-China trade war.
Bonds Slide as Dollar Climbs on Tax Plan, Economy
Gold Silver Reports – Bonds Slide as Dollar Climbs on Tax Plan, Economy – Global bonds declined as optimism over the health of the U.S. economy and President Donald Trump’s tax-cut plan pushed Treasury yields higher with the dollar. Asian stocks were mixed as investors began to assess the implications of the much-anticipated tax proposal.
Global Economy is Pretty Poor with China as an issue: Gold Zoom
Gold Silver Reports — Gold’s biggest rally in almost four decades has further to run as weak economies and teetering equity markets drive investor demand for the metal, according to Citrine Capital Management LLC.