Is Chinese economy rebounding?
The country has come through the worst and is recovering now.
Another challenge for the EUR
Information is not investment advice
The Business Climate Indicator will be announced at 12:00 MT on January 8.
The Business Climate Indicator is based on five parameters of business activity and accounting, reported by thousands of companies across the Eurozone. Hence, it gives a comprehensive view of the European manufacturing sector. This year, the BCI has been consistently decreasing month after month with a few exceptions to the overall declining trend. The releases of the last three months were negative, indicating very moderate expectations of the business sector. The November figure of -0.23 fell below the expected -0.14, putting the euro under additional pressure. If the same happens on January 8, EUR will likely drop.
- If the BCI falls below the forecasts, EUR will fall.
- If the BCI outperforms the forecasts, EUR will be supported.
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Is Chinese economy rebounding?
The country has come through the worst and is recovering now.
South Africa got ‘junk’ status from Moody’s
Moody’s downgraded the country to ‘junk’ status on Friday.
The US has joined the rest of the world in recession
The US economy has been hit hard by the coronavirus outbreak.
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