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Gold Prices Mixed, Copper Sinks On Weak China GDP Target0
- Uncategorized
- March 6, 2023
Gold prices were mixed on Monday amid some uncertainty over U.S. monetary policy, while copper prices retreated sharply as major importer China set a weaker-than-expected GDP target for 2023, undermining expectations of a strong recovery in demand. Bullion prices were aided by a drop in the dollar last week, breaking a five-week losing spree as
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Oil Prices Dip, But Eye Positive Week On Chinese Demand Bets0
- Uncategorized
- March 3, 2023
Oil prices fell slightly on Friday as traders weighed the prospect of more economic headwinds from rising interest rates, although renewed optimism over a rebound in Chinese demand put prices on course for strong weekly gains. Crude markets logged wild swings in recent sessions amid a series of mixed cues. While better-than-expected Chinese business activity
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Asia FX Muted Amid Fed jitters, Chinese Yuan Outperforms For The Week0
- Uncategorized
- March 3, 2023
Most Asian currencies were muted on Friday amid growing concerns over the path of U.S. monetary policy, while the Chinese yuan was among the best performers this week on a string of strong economic readings. The yuan rose 0.1%, and was set to close the week nearly 0.8% higher. A private survey showed on Friday
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Merck KGaA Expects 2023 Profit to Slip As COVID Demand Wanes0
- Uncategorized
- March 2, 2023
Germany’s Merck KGaA on Thursday predicted 2023 earnings would slip due to a decline at its electronic chemicals unit and a drop in COVID-related demand for its lab supplies from drug and vaccine makers. For 2023 earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, the company “assumes a moderate decline to an
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