GLOBAL FX-
India’s space agency said it delayed the launch of its second lunar mission, Chandrayaan-2, in the early hours of Monday due to a “technical snag” which was observed less than an hour before the scheduled liftoff."A technical snag was observed in launch vehicle system at T-56 minute," the Indian Space Research Organization (ISRO), said in a tweet.As a measure of abundant precaution, Chandrayaan2 launch has been called off for today."
Iran is ready to hold talks with the United States if Washington lifts sanctions and returns to the 2015 nuclear deal it quit last year, Iranian President Hassan Rouhani said in a televised speech on Sunday.U.S President Donald Trump’s administration has said it is open to negotiations with Iran on a more far-reaching agreement on nuclear and security issues But Iran has made any talks conditional on first being able to export as much oil as it did before the United States withdrew from the nuclear pact with world powers in May 2018.
China’s economic growth slowed to 6.2% in the second quarter from a year earlier, the weakest in at least 27 years, as demand at home and abroad faltered as the United States ratcheted up trade pressure.But stronger-than-expected gains in June factory output and retail sales offered some signs of stabilization China’s trading partners and financial markets are closely watching the health of the world’s second-largest economy as the Sino-U.S. trade war gets longer and costlier, fuelling worries of a global recession.
Asian shares advanced on Monday as investors breathed a sigh of relief after encouraging Chinese data suggested the world’s second-biggest economy may be starting to stabilise thanks to ramped-up stimulus from Beijing.Second quarter economic growth slowed to 6.2% in the second quarter from a year earlier, the weakest pace in at least 27 years while separate data showed the country’s industrial output and retail sales handily topped forecasts The promising monthly activity data suggested a flurry of stimulus measures from China have been able to prop-up domestic activity and offset some of the damage from a protracted trade war with the United States, analysts saiad.
The Australian dollar strengthened on stronger-than-expected economic data from China, which some analysts saw as signaling that moves aimed at reviving spending in the world’s second biggest economy are having some success The Aussie AUD= gained against the U.S. dollar USD=, which advanced against the safe-haven yen JPY= and the Swiss franc CHF=.China’s industrial output bounced in June from a 17-year low in the previous month. June retail sales surged 9.8% from a year earlier, compared with the 8.3% - a slowing from May’s tepid figures - that polled analysts expected.
U.S. President Donald Trump on Sunday told a group of mostly American-born Democratic congresswomen to “go back and help fix the totally broken and crime infested places from which they came,” a comment that was condemned by Democrats as racist “So interesting to see ‘Progressive’ Democrat Congresswomen, who originally came from countries whose governments are a complete and total catastrophe... viciously telling the people of the United States... how our government is to be run,” Trump said in a series of three comments on Twitter.
Gold prices were little changed on Monday in Asia after data showed China’s second-quarter growth data slowed to a 27-year low but matched expectations The country’s slowed to 6.2% in the April-June period from a year earlier, data from the statistics bureau showed on Monday. The figure was in line with expectations but lower than first quarter’s 6.4% year-on-year growth.Meanwhile, the country’s , and all beat forecasts Chinese stocks received a boost following the release of the data, but gold prices were little impacted by them today.
Oil prices slipped on Monday after China posted its slowest quarterly economic growth in at least 27 years, reinforcing concerns about demand in the world’s largest crude oil importer Brent crude futures for September fell 21 cents to $66.51 a barrel by 0222 GMT while U.S. crude for August was down 28 cents at $59.93 a barrel. Both contracts last week posted their biggest weekly gains in three weeks on cuts in U.S. oil production and diplomatic tensions in the Middle East.