Stocks, Oil Slip as China’s COVID Protests Shake Sentiment

SYDNEY, Nov 28 (Reuters) – Stocks and oil fell sharply on Monday as rare protests in major Chinese cities against the country’s strict zero-COVID restrictions raised concerns about the management of the virus in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific stocks outside Japan (.MIAPJ0000PUS) fell 2.2%, dragged down by major sell-offs in … Read more

Morning offer: crisis in China coming

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

Asian stocks gain despite rising numbers of Chinese COVID cases

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly upbeat on Wednesday, despite mounting cases of COVID-19 in mainland China, leaving investors unsure about the extent to which the new outbreaks will affect the reopening of the second-largest economy in the world could slow down. MSCI’s broadest index of Asia-Pacific equities outside Japan (.MIAPJ0000PUS) … Read more

Dollar Rises as China COVID Concerns Boost Safe Haven Buying

SINGAPORE/LONDON, Nov 21 (Reuters) – The US dollar was solidly higher against major currencies on Monday as rising COVID-19 cases in China led to new restrictions there and weighed on global investor sentiment. China is battling numerous COVID flare-ups. Two deaths were reported in Beijing on Sunday and the city’s most populous district urged residents … Read more

German house prices fall 3.5% next year as buyers feel the pressure – Reuters poll

LONDON, Nov 21 (Reuters) – German house prices are set to fall 3.5% next year as the cost of living and rising borrowing costs hit consumers, but the likelihood of an outright crash is slim, according to a Reuters poll of property market experts . Harmonized consumer price inflation in Europe’s largest economy hit 11.6% … Read more

Morning offer: Bulls take cover

A look at Anshuman Daga’s European and global markets ahead of the day ahead: Enthusiasm over recent moves by Chinese authorities to revise the country’s zero-COVID policy is giving way to renewed caution as Beijing’s number of COVID cases rose, causing stocks and currencies to become risk averse, while oil prices reached its lowest point … Read more

NY Fed: Bank liquidity may be tighter than thought, with policy implications

Nov 18 (Reuters) – The way the banking system manages its cash suggests the financial system may not be as good as many now understand, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper says of the The Federal Reserve Bank of New York said … Read more

Wall Street opened higher, but the US recession was priced in

US yield curve most inverted since 1981 MSCI world stock up 0.33%, eye drops weekly FTSE 100 hits two-month high Brent crude hits 4-week low LONDON, Nov 18 (Reuters) – US stock index futures rose on Friday, pointing to a higher open on Wall Street as investors process US Federal Reserve officials’ warnings about US … Read more

Fed to raise rates by 50 basis points, but peak policy rate could be higher

BENGALURU, Nov 18 (Reuters) – The Federal Reserve will downshift in December to deliver a 50 basis point rate hike, but economists polled by Reuters say an extended period of US central bank tightening and a higher policy interest rate spike are the biggest risks to the current outlook. US consumer price inflation unexpectedly fell … Read more

TSX drops as lower oil prices weigh on energy stocks

TSX ends up 36.82 points, or 0.2%, at 19,957.96 Energy down 2.3%; oil drops 1.5% lower Materials sector loses 1.3% Restaurant brands win 7% TORONTO, Nov. 16 (Reuters) – Canada’s main stock index fell on Wednesday, as lower oil prices weighed on energy stocks, but gains for consumer-related stocks helped limit the index’s fall. The … Read more