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Main » 2019 » November » 27 » DAILY NEWS - IN THE TALE OF CHINESE industrial companies continue to decline
DAILY NEWS - IN THE TALE OF CHINESE industrial companies continue to decline


The Australian dollar has ignored the speech of RBA

In October, China's industrial profits declined by 9.9%


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The Australian dollar is almost ignored the speech of the Reserve Bank of Australia Philip Lowe. Now the pair USD / AUD traded with a decrease of 0.18%. In his speech, Lowe once again pointed out that the regulator has no plans to use unconventional instruments of monetary policy. RBA noted that the lower limit of the interest rate is at 0.25%. The regulator may further two times to reduce the interest rate before applying the asset purchase program. Analysts at Westpac believe that the RBA will hold a two-fold reduction in the rate in the first half of 2020 and start a program of QE in the second half.

Against the background of the ongoing trade conflict with the United States profits of Chinese industrial companies continued to decline. According to the data, in October, compared to the same period last year, profit decline was 9.9%, compared with -5.3% in the last month. This is the strongest decline over the past 8 years. Against the background of declining profits continued to increase the debt of industrial companies. In October the figure rose to 4.9%, versus + 5.4% a month earlier.



News, which you should pay attention today:

13:30 GMT. USA: basic orders for durable goods

13:30 GMT. US preliminary GDP data for the third quarter

15:00 GMT. USA: index of pending sales in the housing market

15:30 GMT. United States: US Department of Energy report


Analytics and forecast company  FORTFS



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