China, Hong Kong stocks lift Asian equities; growth worries loom

China, Hong Kong stocks lift Asian equities;  growth worries loom

China, HK stocks rise after fresh reports of easing COVID curbs Economic slowdown fears temper risk sentiment Morning Bid- So what’s up with Treasuries? SINGAPORE, Dec 8 (Reuters) – Asian equities rose on Thursday, propped up by Hong Kong and China stocks amid growing optimism over an easing of COVID restrictions in the world’s second … Read more

Stocks, bond yields dip as US data muddies Fed rates outlook

Stocks, bond yields dip as US data muddies Fed rates outlook

Wall Street extends losses as recession worries mount Crude oil falls to lowest since January Bank of Canada signals slower pace of rate hikes China relaxes COVID rules but imports, exports slump http://tmsnrt.rs/2yaDPgn NEW YORK/MILAN, Dec 7 (Reuters) – World stocks slipped further and Treasury yields dipped on Wednesday as US worker productivity data beat … Read more

‘Too many positives!’: As China rows back ‘zero-COVID’ policy, virus fears spread

‘Too many positives!’: As China rows back ‘zero-COVID’ policy, virus fears spread

Biggest relaxation of curbs since the pandemic began Cities urge citizens to stay vigilant Analysts say China ill-prepared for big spike in cases BEIJING, Dec 8 (Reuters) – As many Chinese embraced new found freedoms on Thursday after the country dropped key parts of its tough zero-COVID regime, some cities warned residents to maintain vigilance … Read more

Thai consumer confidence at 20-month high in November

Thai consumer confidence at 20-month high in November

BANGKOK, Dec 8 (Reuters) – Thai consumer confidence rose for a sixth straight month in November, reaching a 20-month high, boosted by improved economic activity and higher foreign tourist arrivals, but high costs of living remain a worry, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce … Read more

Putin acknowledges Russia’s war in Ukraine could be a long one

Putin acknowledges Russia’s war in Ukraine could be a long one

Nuclear weapons threat risen but ‘we haven’t gone mad’ – Putin Russia fired over 1,000 times at Ukraine power grid – report LONDON/KYIV, Dec 8 (Reuters) – Russian President Vladimir Putin has acknowledged that his army could be fighting in Ukraine for a long time, but for now there will be no second call-up of … Read more

Analysis: Peru markets take in political drama as investors focus on fundamentals

NEW YORK, Dec 7 (Reuters) – On a day of high drama for Peruvian politics that saw the president threaten to dissolve Congress before himself being ousted, the Andean country’s financial markets absorbed the punch. The Peruvian sol currency and dollar bond prices recovered early losses after President Pedro Castillo was removed in an impeachment … Read more

China’s Xi on ‘epoch-making’ visit to Saudi as Riyadh chafes at US censorship

RIYADH, Dec 7 (Reuters) – Chinese President Xi Jinping began a visit to Saudi Arabia on Wednesday that Beijing said marked its biggest diplomatic initiative in the Arab world, as Riyadh expands global alliances beyond a longstanding partnership with the West. The meeting between the global economic powerhouse and Gulf energy giant comes as Saudi … Read more

Putin says Russia may be fighting in Ukraine for a long time

Putin warns of “long process” in Ukraine The risk of nuclear war is growing, he tells the rights council Russia won’t recklessly “brandish” nuclear weapons No need for a new round of mobilization LONDON, Dec 7 (Reuters) – Russian President Vladimir Putin said on Wednesday that his army could be fighting in Ukraine for a … Read more

Oil dips, hits lowest since January as US data fans fuel demand fears

US fuel stocks build more than expected China’s relaxation of COVID curbs to support demand Investors wary over recession warnings, rate hikes outlook HOUSTON, Dec 7 (Reuters) – Oil edged to its lowest since the start of the year in volatile trading, after US government data showed an unexpectedly large build in fuel stocks, feeding … Read more