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Toronto market seen higher if economic downturn not too severe: Reuters poll

Toronto market seen higher if economic downturn not too severe: Reuters poll

TORONTO, Nov 29 (Reuters) – Canada’s main stock index will rally in the coming year and move to a record high in 2024 as inflation pressures ease and provided an anticipated slowdown in the domestic economy is not too deep, a Reuters poll found. Over the next six months, however, most analysts who answered a …

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Asia shares take comfort in China property rally

Asia shares take comfort in China property rally

https://tmsnrt.rs/2zpUAr4 China property shares rally on policy support Dollar steadies after bounce, euro off 5-mth high US crude jittery after hitting 2021 low SYDNEY, Nov 29 (Reuters) – Asian shares edged higher on Tuesday as Beijing’s latest move to support developers boosted the property sector, though it was still not clear what new damage public …

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The yuan’s the new dollar as Russia rides to the redback

The yuan's the new dollar as Russia rides to the redback

Russia turns to the Chinese currency amid sanctions Moscow becomes No.4 offshore trading center for yuan Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov …

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Dollar rises, yuan slumps as China’s COVID unrest spooks markets

Dollar rises, yuan slumps as China's COVID unrest spooks markets

SINGAPORE, Nov 28 (Reuters) – The dollar climbed on Monday as protests in China against the government’s anti-COVID policies made investors turn away from riskier assets, and consigned the Chinese yuan to a more than two-week low against the safe-haven greenback. The protests have flared across China and spread to several cities in the wake …

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Morning Bid: China crisis brewing

Morning Bid: China crisis brewing

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

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Dollar edges higher in range-bound holiday markets

Dollar edges higher in range-bound holiday markets

NEW YORK, Nov 25 (Reuters) – The dollar crept higher across the board on Friday in a quiet session following the US Thanksgiving holiday, but remained near multi-month lows as the prospect of the Federal Reserve moderating the pace of its policy tightening weighed on the US currency. “Today has all the indicators of another …

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Oil prices stable, but Chinese demand worries linger

Oil prices stable, but Chinese demand worries linger

LONDON, Nov 25 (Reuters) – Oil prices were stable on Friday in thin market liquidity, closing a week marked by worries about Chinese demand and haggling over a Western price cap on Russian oil. Brent crude futures were up 22 cents, or 0.3%, to trade at $85.56 a barrel at 1447 GMT, having retraced some …

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PMI, PMI baby | Reuters

PMI, PMI baby |  Reuters

Nov 25 (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Asian markets are looking to round off the week on a positive note on Friday, with regional stocks on course to chalk up their fourth straight weekly rise. The relative calm may not last, however, if recession risks and …

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Major Gulf scholarships ease as oil prices fall

Major Gulf scholarships ease as oil prices fall

Nov 24 (Reuters) – Major stock markets in the Gulf were in negative territory early on Thursday as oil prices eased, with the Saudi index on course to post its fifth weekly loss. Crude prices – a key catalyst for the Gulf’s financial markets – declined, hovering around two-month lows, as the proposed price cap …

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Wall Street rises as Fed signals slowdown in rate hikes

Wall Street rises as Fed signals slowdown in rate hikes

Growth stocks bounce as Treasury yields drop Tesla jumps as Citigroup upgrades Nordstrom falls on reduced profit forecast Dow Jones Industrial closed at highest level since April Dow up 0.28%, S&P 500 up 0.59%, Nasdaq up 0.99% Nov 23 (Reuters) – Wall Street’s main indexes ended Wednesday with solid gains after the Federal Reserve’s November …

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