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  • Asian Stocks Rally On China Stimulus, Japan Hit By BOJ Uncertainty

    Asian Stocks Rally On China Stimulus, Japan Hit By BOJ Uncertainty0

    Most Asian stock markets surged on Monday, with Chinese indexes in the lead after the government rolled out more stimulus measures, while fears of more hawkish moves from the Bank of Japan saw local stocks tumble. China’s blue-chip Shanghai Shenzhen CSI 300 index was the best performer in Asia, rallying 2% to a near five-month

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  • China’s Dec Home Prices fall, More Supportive Policies Likely

    China’s Dec Home Prices fall, More Supportive Policies Likely0

    China’s new home prices fell again in December as COVID-19 outbreaks hurt demand, with Beijing expected to roll out more measures to help sustain the recovery after the dismantling of pandemic curbs last month brightened the outlook. New home prices dropped both in monthly and annual terms, with continued weak demand a constraint to a

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  • UBS has No Desire to Buy Credit Suisse, Chairman Tells Newspaper

    UBS has No Desire to Buy Credit Suisse, Chairman Tells Newspaper0

    UBS has no interest in buying fellow Swiss lender Credit Suisse, the bank’s Chairman Colm Kelleher said in a interview published on Saturday. The former Morgan Stanley (NYSE:MS) president said he was focused on organic growth rather than acquisitions and expanding its business in the United States as he ruled out any move to buy

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  • Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ

    Dollar Weakens in Wake of CPI Release; Yen Climbs Ahead Of BOJ0

    The U.S. dollar edged lower in early European trade Friday, continuing the previous session’s selloff after cooling U.S. inflation opened the way for the Federal Reserve to ease the pace of its interest rate hikes. At 03:05 ET (08:05 GMT), the US Dollar Index, which tracks the greenback against a basket of six other currencies,

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  • European Stock Futures Higher; U.K. GDP Grows in November

    European Stock Futures Higher; U.K. GDP Grows in November0

    European stock markets are expected to open slightly higher Friday, with investors focusing on a deluge of important economic data, including U.K. growth data for November, as well as earnings from the U.S. banking sector. At 02:00 ET (07:00 GMT), the DAX futures contract in Germany traded 0.1% higher, CAC 40 futures in France climbed

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  • Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation

    Asia FX Heads For Weekly Bounce, Dollar at 7-Mth Low on Easing Inflation0

    Most Asian currencies crept higher on Friday and were headed for steep weekly gains on the prospect of an eventual shift in the Federal Reserve’s hawkish stance, which also pushed the dollar to a seven-month low. The Japanese yen rose 0.1% to an over seven-month high against the dollar of 129.14, and was among the

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  • Chinese Fret Over Infecting Elderly As Holidays Prompt COVID Warnings

    Chinese Fret Over Infecting Elderly As Holidays Prompt COVID Warnings0

    People in China worried on Thursday about spreading COVID-19 to aged relatives as they planned returns to their home towns for holidays that the World Health Organization warns could inflame a raging outbreak. The Lunar New Year holiday, which officially starts from Jan. 21, comes after China last month abandoned a strict anti-virus regime of

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  • Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak

    Dow Futures Trade Steady, After Nasdaq Posts 3-Session Win Streak0

    U.S. stock futures were trading in a tight range during Tuesday’s evening session, after major benchmark averages finished higher as investors continue their rotation toward tech stocks ahead of key CPI data and major bank earnings later this week. By 18:30 ET (23:30 GMT) Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were

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  • Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories

    Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories0

    Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect of strong demand this year and as the dollar softened on expectations of slower interest rate hikes. Data from the American Petroleum Institute showed that U.S. crude stockpiles surged by

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