FXStreet (Guatemala) – Analysts at Scotiabank explained that there are also some signals pointing to some winding down of the weakening performances in some of the larger developing and emerging economies which have faced considerable headwinds.
Key Quotes:
“China’s growth continues to moderate, led by the ongoing consolidation in the residential real estate and construction sectors and the slower pace of exports, though recent easing initiatives suggest some relief is underway.”
“China’s continuing slowdown has contributed to the significant moderation in global trade flows, notwithstanding ongoing efforts to ratify trade-expanding deals. Oversupply conditions persist in a number of areas, most notably commodities, with prices at or close to cyclical lows. Many businesses are continuing to reduce costs by focusing on boosting operational efficiencies through the elimination of underperforming business lines and through strategic investments, including mergers & acquisitions.”
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