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…
View More Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories
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European Stocks Edge Higher; German Industrial Production Impresses
European stock markets edged higher Monday, with sentiment boosted by China’s decision to fully reopen its borders as well as stronger-than-expected German industrial production. At…
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Oil Prices Rebound on China Reopening Optimism, Easing Fed Fears
Oil prices rose on Monday, recovering a measure of recent losses as investors bet that an economic reopening in China and a less hawkish rhetoric…
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Asia FX Rallies on China Reopening, Yuan at Over 4-Mth High
Most Asian currencies shot up on Monday, with the Chinese yuan hitting a four-month high after the country reopened its international borders, while hopes of…
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GM Wants U.S. Treasury to Reconsider tax Credits for Cadillac Lyriq EV
General Motors said Friday it wants the U.S. Treasury to reconsider classification of GM’s electric Cadillac Lyriq to allow it to qualify for federal tax…
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Weekly Comic: China’s Precarious Reopening
China’s dash for herd immunity from COVID-19 may not be the miracle cure for its economic ills that markets seem to think. Global markets have…
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Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited
The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month,…
View More Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited
Gold Steadies Ahead of Fed Minutes, Copper Slammed By China Fears
Gold prices hovered around six-month highs on Wednesday, cutting short a recent rally as traders bought back into the dollar in anticipation of more cues…
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Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes
Most Asian currencies rose slightly on Wednesday as a recovery in the dollar appeared to have run out of steam, with markets now awaiting fresh…
View More Asia FX Steadies as Dollar Rebound Slows Ahead of Fed Minutes
China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin
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…
View More China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin