Stocks, oil skid as China’s COVID protests roil sentiment

Stocks, oil skid as China’s COVID protests roil sentiment

SYDNEY, Nov 28 (Reuters) – Stocks and oil slid sharply on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID curbs raised worries about management of the virus in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slumped 2.2%, pulled lower by heavy selling in Chinese … Read more

Cuba wins China debt relief, new funds

Cuba wins China debt relief, new funds

HAVANA, Nov 27 (Reuters) – China has agreed to restructure Cuban debt and provide new trade and investment credits to the beleaguered Caribbean Island nation after a meeting in Peking between the two Communist countries’ leaders. Cuba Economy Minister Alejandro Gil said the latter had also donated $100 million to help the country cope with … Read more

INDIA Rupee, bond yields to stay rangebound in data-heavy week

INDIA Rupee, bond yields to stay rangebound in data-heavy week

MUMBAI, Nov 28 (Reuters) – The Indian rupee and government bond yields are expected to continue to hold their narrow trading ranges this week, with investors bracing for a jump in volatility due to multiple economic data releases at home and in other major countries. The rupee ended unchanged at 81.6850 per US dollar last … Read more

Morning Bid: China crisis brewing

Nov 28 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Purchasing managers index (PMI) data will be the key economic driver for Asian markets this week, but the tone will be set by the increasingly tense political situation in China. Thousands of people are taking to the streets in … Read more

Russian ruble edges up in narrow trading range vs dollar

MOSCOW, Nov 25 (Reuters) – The Russian ruble strengthened on Friday, trading in a narrow range between 60 and 61 to the dollar as it has for much of the week, supported by exporters buying rubles to cover month-end tax payments. At 0710 GMT, the rouble was 0.3% stronger against the dollar at 60.50 and … Read more

Morning Bit: Hangover | Reuters

A look at the day ahead in European and global markets from Tom Westbrook Treasuries emerged from Thanksgiving in fine fettle, but other assets were a little slower off the mark in Asia, with traders’ looking ahead to US jobs and growth data next week. The yield on 10-year Treasury notes fell more than five … Read more

Dollar nears 3-month low, shares climb after Fed tests the brakes

LONDON, Nov 24 (Reuters) – Shares hit a two-month high and the dollar swooped towards a three-month low on Thursday, after Federal Reserve signals of smaller interest rate rises from next month were followed by the message from Frankfurt that the ECB will plow on. With Wall Street shut for Thanksgiving, it was up to … Read more

Sri Lanka cenbank holds rates steady as expected amid slowing inflation

COLOMBO, Nov 24 (Reuters) – Sri Lanka’s central bank held rates on Thursday, adding it expects a moderation in market interest rates in line with the prevailing policy interest rates. The Standing Lending Facility (LKSLFR=ECI) rate was held steady at 15.50% while the Standing Deposit Facility Rate (LKSDFR=ECI) was kept unchanged at 14.50%. “The Board … Read more

Russian ruble firms ahead of three OFZ bond auctions

This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 23 (Reuters) – The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap on Russian oil exports. At 0802 GMT, … Read more