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Monthly Archives: December 2022

Australian, NZ Dollars Drop As Risk Sentiment…

Australia Consumer Confidence Index Data Due ...

[ad_1] The Australian and NZ dollars weakened against their major counterparts in the European session on Thursday, as rising coronavirus infections in China triggered worries about the economic growth. Several countries including the United States, Japan, Italy Taiwan and India have imposed new restrictions mandating COVID-19 tests for passengers arriving …

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Hong Kong Trade Gap Widens In November

Hong Kong Trade Gap Widens In November

[ad_1] Hong Kong’s trade deficit widened sharply in November as exports recorded a notable deterioration on weak global demand and disruptions to cross-boundary land transportation, data revealed Thursday. The visible trade deficit increased to HK$27.09 billion from HK$11.61 billion last year, the Census and Statistics Department said. This was also …

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Gold Holds Steady As Recession Worries Mount

Gold Holds Steady As Recession Worries Mount

[ad_1] Gold prices held steady on Thursday as US Treasury yields slipped on worries about a recession. Global sentiment turned fragile as a surge in COVID cases in China offset investor optimism over the reopening of the economy. Italy, Japan, Taiwan, India and the United States have imposed mandatory tests …

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Eurozone Private Sector Lending Growth Slows

Eurozone Private Sector Lending Growth Slows

[ad_1] Growth in the euro area money supply and loans to the private sector eased in November, data from the European Central Bank revealed on Thursday. The broad money supply M3 growth eased to 4.8 percent in November from 5.1 percent in October. The narrow measure M1 also grew at …

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Oil Prices Tumble On Recession Fears

Oil Prices Tumble On Recession Fears

[ad_1] Oil prices slumped on Thursday amid fears of a global recession. A surge in COVID-10 cases in China, the largest importer of crude in the world, also dampened hopes for an improvement in fuel demand. Benchmark Brent crude futures fell nearly 2 percent to $82.32 a barrel, while WTI …

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Japanese Yen Climbs On China COVID Worries

China Bank Lending Growth Misses Expectations...

[ad_1] The Japanese yen advanced against its major counterparts in the Asian session on Thursday amid rising risk aversion, as a surge in COVID cases in China discouraged optimism over the reopening of the economy. US and other countries imposed travel restrictions on visitors from China amid rising COVID-19 infections …

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Singapore Producer Price Inflation Slows To 7…

U.S. Consumer Sentiment Unexpectedly Improves...

[ad_1] Singapore’s producer price inflation eased for the fifth straight month in November, primarily due to a slowdown in the price growth of the non-oil index, data from the Department of Statistics showed on Thursday.? The manufacturing producer price index climbed 7.7 percent year-on-year in November, slower than the 11.6 …

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