Revelation 6:3-4 NCV When the Lamb opened the second seal, I heard the second living creature say, "Come!" Then another horse came out, a red one. Its rider was given power to take away peace (prosperity, rest) from the earth and to make people kill each other (butcher, slaughter, to maim violently, in streets), and he was given a big sword (assassins sword, terrorist, loud, mighty, sore afraid).
According to a Reuters poll of 50 economists, China’s growth in the July-September shows that it has slowed to 6.8 percent; down from 7 percent in the second quarter. If this report is correct, this would reveal China’s weakest growth pace since 2009 when it fell to 6.2. percent in the first quarter.
According to some news sources this is better than predicted given the unsurety of the market in the last few months. But China’s growth data is always watched and considered to be one of the main global barometer on the economy.
Crude oil prices are also fell again at 3 percent on Monday and below $50 a barrel. According to news sources, the signs that a nuclear deal will begin this year that will waive sanctions on Iranian oil are contributing to the already rollercoaster oil market.
Bloomberg reports that Iranian oil minister Bijan Namdar Zanganeh announced that OPEC should manage the market by reducing the level of production and wants prices back to between $70 and $80 a barrel.
West Texas Intermediate crude oil is lower by 1.1% at $46.73 a barrel.
