- Cancel the APEC summit will not affect the trade negotiations, the US and China
- Economic activity in China manufacturing sector continues to decline
- The Bank of Japan kept interest rates unchanged at -0.10% \
Today, China's Ministry of Commerce reported that the trade negotiations between the United States and China will continue, despite the abolition of the APEC summit in Chile. According to news sources, the signing ceremony can take place in a neutral third country as soon as all the details of the interim foreign trade agreement will be agreed. According to reports China's Ministry of Commerce on Friday, the parties will conduct telephone conversations.
In China, this morning, were published data on the PMI manufacturing and non-manufacturing sectors of the economy. Figures were lower than predicted values. China's economy is still under pressure due to the impact of trade conflict and the slowdown in the global economy. For a month the manufacturing sector PMI fell from 49.8 to 49.3 points, indicating a decline in production. PMI is not the manufacturing sector fell from 53.7 to 52.8 points, indicating a slowdown in growth.
Following the meeting on Thursday, the Bank of Japan kept the key parameters of monetary policy unchanged, pointing to a possible reduction in interest rates in the future. The main challenge for the regulator is the low level of inflation. To achieve the target level of 2% may be necessary to further rate cuts. The bank forecasts the 2022 inflation rate will be 1.5%, while the previous forecast of 1.6%. In this case, the regulator forecasts do not take into account the impact of the adoption from 1 October a bill to raise the sales tax and free primary education.
News, which you should pay attention today:
10:00 GMT. EU: preliminary data on consumer price index
12:30 GMT. Canada: GDP data
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