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'Without a decisive policy shift toward supporting household incomes and consumption, China is likely to remain trapped in a prolonged period of low inflation and subpar growth,' Michelle Lam said.
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SYDNEY: The Australian dollar was on track for steep weekly losses on Friday after soft jobs data prompted markets to scale back wagers on a fifth rate hike this year, sending the currency to a one-month low against the New Zealand dollar. The Aussie slipped 0.1% to $0.6917 after diving 0.7% overnight to a 15-week low of $0.6895.
The biggest truce in technology and the sharp bullish reaction in debt, with the consequent drop in required interest, calm the mood in the markets. The Ibex seeks to ensure a positive balance for the week with slight advances.
The US chip company plans to expand its plant in Silicon Saxony. The factory has been fully utilized for years, and the expansion is coming at the right time: the industry needs new capacities.
Gold edged higher on Friday as the dollar weakened, but the metal was still on track for a small weekly loss as investors weighed signals from the Federal Reserve on interest rates. Spot gold rose 0.2% to $4,177.82 per ounce by 0433 GMT, but was down 0.5% so far in the week. US gold futures for December delivery climbed 0.7% to $4,199.10.
Saken oppdateres. Investor Tor Olav Trøims tanksatsing Bruton skal slå seg sammen med rederiet…
In Germany, more apartments were approved again in the summer, which is fuelling hopes of an end to the construction crisis. However, there are new hurdles for house builders.
