1. The Chinese Foreign Ministry strongly protested the actions of the US Senate
2. Exports in Japan continue to decline
3. The People's Bank of China lowered the interest rate to 4.15%
US Senate Unanimously Supports Human Rights Bill in Hong Kong. The document is sent for further consideration to the House of Representatives. This morning, the Chinese Foreign Ministry expressed a strong protest. The department condemned the action of the US Senate, demanding the cessation of interventions in the internal affairs of China. Advisor to the US Embassy in China was called to the Chinese Foreign Ministry. Stock markets responded to the news with a decline, fearing an aggravation of the economic and political confrontation between the US and China.
In Japan, trade balance data were released this morning. According to the report, the volume of exports in October, compared with the same period last year, decreased by 9.2%, while experts predicted a decrease of 7.6%. The fall in exports is taking place against the backdrop of a significant decrease in demand for automobiles, steel and high-tech equipment.
The People's Bank of China continues a cycle of easing monetary policy to maintain the economy in the context of a trade war with the United States. Today, the regulator decided to reduce the interest rate for first-class borrowers (LPR) from 4.2% to 4.15%. The 5-year loan LPR rate was reduced from 4.85% to 4.80%
News worth paying attention to today:
13:30 GMT. Canada: inflation report
15:30 GMT. US: US Department of Energy Weekly Report
19:00 GMT. USA: FOMC Protocols