China concluded the first physical settlement of the Shanghai crude futures contract (SC crude contract) on September 7, 2018, indicating that the newly launched contract has undergone all the trading processes, the Shanghai Futures Exchange said on its official website on September 10. Source: Oil Price
- The announcement comes three months after the central bank said two hikes would be appropriate in 2019.
- The central bank also says it will complete its balance sheet roll-off program at the end of the September.
- The Fed also reduced expectations in GDP growth and inflation and a bump higher in the unemployment rate outlook.
The race to build the next generation of super-fast mobile-data networks has begun in Germany, which started auctioning off its spectrum licenses for 5G on Tuesday. Source: NPR
Misunderstandings over China’s Belt and Road Initiative (BRI) are “hard to avoid”, a senior Chinese diplomat said on Wednesday ahead of a trip to Europe by President Xi Jinping during which Italy is set to join the multi-billion dollar trade scheme. Source: Reuters
