WTI Crude (Dec’22)

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Japanese yen strengthens after Powell commentary on smaller hikes Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state’s sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. …

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China’s factory activity at lowest reading since April; Asia markets are largely higher

China’s factory activity misses expectations, contracts for a second straight month China’s official manufacturing Purchasing Managers’ Index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s lower than the expectations of analysts polled by Reuters, who predicted a reading of 49. October’s PMI was 49.2. PMI readings are …

China’s factory activity at lowest reading since April; Asia markets are largely higher Read More »

China’s factory activity data misses expectations; Asia-Pacific markets mixed

China’s factory activity misses expectations, contracts for a second straight month China’s official manufacturing Purchasing Managers’ Index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s lower than the expectations of analysts polled by Reuters, who predicted a reading of 49. October’s PMI was 49.2. PMI readings are …

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Goldman Sachs sees ‘high probability’ of OPEC+ production cut

A group of some of the world’s most powerful oil producers is highly likely to take further measures to stem a price decline and try to balance the market, according to Goldman Sachs. OPEC and non-OPEC producers, an influential energy alliance known as OPEC+, will convene in Vienna, Austria on Dec. 4 to decide on …

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Goldman Sachs sees ‘high probability’ of OPEC+ production cut

A group of some of the world’s most powerful oil producers is highly likely to take further measures to stem a price decline and try to balance the market, according to Goldman Sachs. OPEC and non-OPEC producers, an influential energy alliance known as OPEC+, will convene in Vienna, Austria on Dec. 4 to decide on …

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Hong Kong stocks rise 3% in Asia session; China’s Covid situation remains in focus

Hong Kong is on pace for the best month since April 1999 Hong Kong’s HangSeng index is on pace to post its best month since April 1999, when the index gained 21.85%. The index rose more than 3% as of Tuesday morning, and is up around 22% for the month of November, according to Refinitiv …

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Hong Kong stocks rise 3% in Asia session; China’s Covid situation remains in focus

Japan’s unemployment rate has changed, retail sales miss estimates Japan’s unemployment rate for October was steady from September’s reading of 2.6%, according to official data. The figure is slightly higher than the mean expectation of 2.5% from economists polled by Reuters. The jobs-to-applicant ratio, which measures active job openings per jobseeker, was at 1.35. That …

Hong Kong stocks rise 3% in Asia session; China’s Covid situation remains in focus Read More »