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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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Gold Prices Hover Above 2023 Lows As Fed Uncertainty Persists0
- Uncategorized
- February 28, 2023
Gold prices kept to a tight range on Tuesday after recovering slightly from their weakest level this year, as concerns over rising interest rates and anticipation of key U.S. economic readings this week kept traders largely on the sidelines. The yellow metal marked four consecutive weeks of losses as hotter-than-expected U.S. inflation and signs of
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Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher0
- Market
- February 1, 2023
Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets positioned for an interest rate hike and a potentially hawkish message from the central bank. The dollar firmed slightly against a basket of currencies, with the dollar index and dollar index futures advancing about
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China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin0
- Economy
- January 3, 2023
Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike in COVID-19 cases after it relaxed some restrictions intended to prevent the spread of the virus. The Caixin Manufacturing Purchasing Managers Index (PMI) read 49.0 in December, higher than forecasts
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South Korea Dec Factory Activity Weakens on Demand Slump, Trucker Strike – PMI0
- Economy
- January 2, 2023
South Korea’s factory activity shrank for a sixth consecutive month in December, a business survey showed on Monday, as the global economic downturn and a local truckers’ strike led to the worst slump in demand in 2-1/2 years. The S&P Global (NYSE:SPGI) purchasing managers’ index (PMI) for South Korea manufacturers fell to a seasonally-adjusted 48.2
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Taiwan October Export orders Likely contracted Again, But at Slower Pace- Reuters Poll0
- Market
- November 18, 2022
Taiwan’s export orders likely contracted again in October as global demand for technology cools though at a slower rate than the previous month, a Reuters poll showed on Friday The median forecast from a poll of 13 economists was for export orders to fall 1% from a year earlier. Forecasts ranged from an expansion of
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