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U.S. stock indexes started the week lower as rising oil prices added to investor anxiety.

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The bloc’s GDP picked up more rapidly than previously estimated in the quarter through June, but that resilience will be tested if the Iran war continues to block the Strait of Hormuz.

This post was originally published here. 

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China’s foreign-exchange reserves edged higher in August against the backdrop of a weaker dollar and a surging trade surplus, renewing concerns about the yuan’s appreciation.

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Healthy exports and rising public investment lifted expectations for the country’s economic growth this year, and the institute now expects 2027 growth at 1.2%, compared with 0.8% it predicted in June.

This post was originally published here.