By admin       2018-09-27

Federal Reserve raised interest rates by 25 basis points on schedule but Powell said that some asset prices were high and stocks rose first and then fell. Hongkong monetary authority also raised interest rates. State Council announced that it will reduce import tariffs on some commodities and promote foreign investment in major projects from Nov 1st. ICE cotton futures inched down yesterday. Contract of Dec closed at 78.58cent/lb, down 0.4cent/lb and contract of Mar closed at 79.06cent/lb, down 0.39cent/lb. Cotlook A Index came up by 0.4cent/lb to 88.45cent/lb.

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