Chinese GDP Growth Slows | WTI Falls on Easing Middle-East Tensions
Published October 18, 2019
In the three months leading up to September, China’s gross domestic product rose 6%, which signifies the slowest pace since the early 1990s and is below the consensus forecast. A slowdown in investment was the main driver for the lower-than-expected number. The slowdown comes despite government efforts to support the economy, including measures such as tax cuts.
British Prime Minister Johnson will attempt to gather enough votes to get the latest Brexit deal through Parliament. The Democratic Unionist Party refused to support the deal, which has serious implications for the Conservative Party, who lacks major support from opposition members and MP’s.
West Texas Intermediate has slipped from weekly highs amid reports of the Syrian ceasefire. The weaker greenback along with upbeat trade news helped the energy benchmark over the past day. West Texas Intermediate is currently trading just above $54.00 a barrel.