Market Update: China Q4 Business Confidence Index Lowest Since Q2 2017
The confidence index fell to 67.8% in the fourth quarter, 3.4% points lower than in the third quarter. Looks like the trade war has started.
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Last updated: Monday, December 24, 2018
According to a survey by the People’s Bank of China published on Monday, the business confidence among entrepreneurs in China worsened in the fourth quarter compared with the previous one and was at the lowest since the second quarter of 2017.
The confidence index fell to 67.8% in the fourth quarter, 3.4% points lower than in the third quarter. Looks like the trade war has started impacting the market.
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Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics.
His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker.
His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
