Tag: Economies

Dollar Drops as Rate-Hike Bets Profilerate Elsewhere, Yuan Hits 4-Month Peak

October 19, 2021
Asia & PacificAustraliaBusiness & EconomyCanadaChinaChina Business & EconomyCompaniesDollardropEconomieseconomyEuropehikeInternationalInvestmentMarket WatchMarketsrateUKUSUS NewsWorldyuan
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LONDON—The dollar retreated on Tuesday to a three-week low, hit by a proliferation in rate-hike bets in other markets, while the yuan surged to its highest in four months, benefiting from greenback weakness and a slight easing in property market concerns. A robust start to the U.S. earnings season and hopes that China will be…

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Wall Street Rises as Earnings Whip Up Risk Appetite

October 19, 2021
Business & EconomyCompaniesearningsEconomieseconomyfuturesInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsriseUSUS NewsWall Street
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U.S. stock indexes rose on Tuesday as upbeat results from Johnson & Johnson and Travelers fired up risk appetite, after big banks kicked off the third-quarter reporting period on a positive note last week. The benchmark S&P 500 index is now less than 1 percent away from a record high hit in early September, with…

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Futures Rise as Upbeat Earnings Boost Risk Appetite

October 19, 2021
Business & EconomyCompaniesearningsEconomieseconomyfuturesInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsRegional-Local NewsriseUpbeatUSUS News
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U.S. stock index futures rose on Tuesday as an upbeat profit forecast from Johnson & Johnson added to the positive momentum in corporate earnings generated by big banks last week. Johnson & Johnson’s shares rose 1.7 percent after it raised its 2021 adjusted profit forecast, even as it stuck to its outlook of $2.5 billion…

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Bitcoin on Cusp of All-Time High Ahead of Futures ETF Listing

October 19, 2021
bitcoinBusiness & EconomyCanadaCompaniesEconomieseconomyETFEuropefuturesHighInternationalInvestmentMarketsUKUSUS NewsWorld
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LONDON—Bitcoin hit a six-month high and was within striking distance of its all-time peak on Tuesday as traders bet an anticipated listing of a futures-based U.S. exchange-traded fund could herald investment flows into cryptocurrencies. Bitcoin, the world’s biggest cryptocurrency, rose as much as 1.5 percent during the Asia session to $62,991, its highest since mid-April…

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Oil Prices Rise on China Energy Demand Concerns

October 19, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyenergyEuropeInternationalLocal NewsMarketsMiddle EastOilRegional-Local NewsTexasUKUSUS NewsWorld
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LONDON—Oil prices rose on Tuesday as a supply crunch in natural gas, electricity, and coal continued across the globe while falling temperatures in China revived concerns over whether the world’s biggest energy consumer can meet domestic demand for heating. The Brent crude benchmark rose 35 cents, or 0.4 percent, to $84.68 a barrel by 0827…

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European Stocks Inch Up as Tech, Mining Shares Offset Losses in Ericsson

October 19, 2021
ArchivedBusiness & EconomyCompaniesEconomiesericssonEuropeEuropeanInvestmentMarket WatchMarketsMedia & Big TechminingNewsSharesstocksTechUKWorld
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Europe’s main stock index edged higher on Tuesday as gains in mining and technology shares helped offset losses in Sweden’s Ericsson, which reported a hit from global supply chain problems. The pan-European STOXX 600 rose 0.2 percent, with miners, utilities, and technology stocks leading morning gains. Technology shares were also behind a rise in main…

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World Stocks at 1-Month High as Bond Yields Soften

October 19, 2021
Asia & PacificAustraliabondBusiness & EconomyChinaChina Business & EconomyCompaniesEconomieseconomyEuropeInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechMiddle EastNew YorkNY NewsRegional-Local NewsstocksTexasUKUSUS NewsWorldyields
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LONDON—World stocks climbed to a one-month high on Tuesday as a rally in technology shares and prospects of solid corporate earnings helped counter concerns about elevated inflationary pressures. Oil prices took a breather from their eye-catching rise in recent weeks while the worrying trend of flattening global government bond yield curves paused, helping investors recoup…

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S&P, Nasdaq Enjoy Boost From Big Tech Firms, Dow Ends a Hair Lower

October 19, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesDowEconomieseconomyInternationalInvestmentLocal NewslowerMarket WatchMarketsMedia & Big TechNASDAQNew YorkNY NewsRegional-Local NewsS&PTechUSUS NewsWorld
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The S&P and Nasdaq closed higher on Monday with the biggest boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc. and appeared optimistic about the third-quarter earnings season. After a weak start following disappointing economic data from China, the S&P and Nasdaq gathered steam in late morning with…

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Alibaba, JD Fall in Hong Kong on Regulatory Worries, Nio Rivals Xpeng, Li Auto Continue to Surge

October 18, 2021
AlibabaBusiness & EconomyChinaChina Business & EconomyEconomiesHong KongMarketstrading
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Shares of Alibaba Group Holding Limited, JD.Com Inc., Baidu Inc., and Tencent Holdings Inc. fell in Hong Kong on Monday, while Xpeng Inc. and Li Auto Inc. traded higher. What’s Moving Chinese e-commerce giant Alibaba’s shares traded 0.5 percent lower at HKD 160.30 in Hong Kong, while technology company Baidu’s shares have lost 2.0 percent…

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China’s 3rd-Quarter Economic Growth Slows to 4.9 Percent Amid Power Crunch, Property Woes

October 18, 2021
Business & EconomyChinaChina Business & EconomyEconomiesElectricity cutevergrandeFinance & Business TiesMarketsSpecial Topics
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China’s economy recorded slower-than-expected growth in the third quarter as the country grapples with a worsening energy crisis and property woes. The latest data released by China’s National Bureau of Statistics (NBS) on Oct. 18 showed the year-on-year gross domestic product (GDP) growth in the third quarter hit a year low at 4.9 percent, slowing…

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