femorning 10.14

On October 14th, the People"s Bank of China released data on the country"s economy. The balance of broad money increased by 10.3% year-on-year. The stock of social financing scale also saw a growth of 9%. In September, RMB loans increased while CPI remained unchanged. Import and export value decreased slightly compared to last year. Floating-rate funds are gaining popularity in the market. The US CPI was slightly higher than expected and the Federal Reserve is not likely to raise interest rates in November. Global contract manufacturing revenue is predicted to grow due to demand for 5G and electric vehicle applications.