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China State-owned Banks Soak Up Dollars to Slow Yuan Gains, Sources Say

China State-owned Banks Soak Up Dollars to Slow Yuan Gains, Sources Say

China's major state-owned banks bought dollars in the onshore spot market this week and held on to them in an unusually strong effort to rein in yuan strength, according to people with knowledge of the matter.

Michelle

European Markets Rise Amid Hopes for Ukraine Peace Talks and Positive Corporate News

European Markets Rise Amid Hopes for Ukraine Peace Talks and Positive Corporate News

European stocks opened higher on Thursday, buoyed by Ukraine peace efforts, resilient earnings from Inditex and Stellantis, and growing expectations of a U.S. Fed rate cut....

Gerik

BlackRock's $100B Bitcoin ETF Boost Amid U.S. Debt Concerns

BlackRock's $100B Bitcoin ETF Boost Amid U.S. Debt Concerns

BlackRock allocates $100B to Bitcoin ETFs amid rising U.S. debt. CEO Larry Fink warns of financial dominance shift. Institutional interest in Bitcoin rises as debt increases.

Glendon

Chaos As Indian Airline IndiGo Flights Severely Disrupted

Chaos As Indian Airline IndiGo Flights Severely Disrupted

Thousands of Indianairline IndiGo passengers suffered flight cancellations and delays for the third day on Thursday, as the airline grapples with new government regulations that affect its staff's working hours.

Justin

UK Construction Output Plummets In November, Business Confidence Erodes, PMI Shows

UK Construction Output Plummets In November, Business Confidence Erodes, PMI Shows

British construction activity contracted last month at the fastest pace since May 2020, with steep falls in civil engineering, residential, and commercial building, partly due to uncertainty ahead of the government's budget, a survey showed on Thursday.

Samantha Luan

Britain’S Power Grid’S £28Bn Upgrade Approved To Drive Energy Transition – Business Live

Britain’S Power Grid’S £28Bn Upgrade Approved To Drive Energy Transition – Business Live

Plans to spend £28bn to upgrade Great Britain's electricity grid have been signed off, in a move that should improve the energy networks, speed the transition to new forms of energy…and increase household bills.

Samantha Luan

US Employment Drops In November, Fed Rate Cut Expectations Rise

US Employment Drops In November, Fed Rate Cut Expectations Rise

In the US, the Challenger report of November layoff and hiring announcements is due for release in the afternoon. While not usually a tier-1 market mover, it is one of the few timely data points on labour markets that will be available for the Fed before next week's meeting due to the delays caused by the government shutdown.

Danske Bank

Initial Jobless Claims Ahead; Salesforce Lifts Guidance - What’s Moving Markets

Initial Jobless Claims Ahead; Salesforce Lifts Guidance - What’s Moving Markets

Futures tied to U.S. stock indices are subdued, with traders gearing up for key job market data and assessing the possibility of a cut to U.S. interest rates later this month.

Winkelmann

US Passed, Japan Scored

US Passed, Japan Scored

The US economy lost 32'000 jobs in November. And no, it's not AI's fault. Small companies with fewer than 50 employees shed 120'000 jobs last month, according to the latest ADP report.

Swissquote

Putin Says Russia Will Take All Of Ukraine's Donbas Region Militarily

Putin Says Russia Will Take All Of Ukraine's Donbas Region Militarily

Russian President Vladimir Putin said that Russia would take full control of Ukraine's Donbas region by force unless Ukrainian forces withdraw.

Daniel Carter

Falling US Employment Strengthens The Bearish Outlook For USDJPY

Falling US Employment Strengthens The Bearish Outlook For USDJPY

The USDJPY rate remains under pressure as a combination of weak US data and expectations of BoJ tightening supports the yen. The current quote is 155.35.

Justin

Bank of Japan’s Dilemma Deepens Amid Surging Bond Yields and December Rate Hike Expectations

Bank of Japan’s Dilemma Deepens Amid Surging Bond Yields and December Rate Hike Expectations

The Bank of Japan is expected to raise interest rates in December, potentially from 0.5% to 0.75%, with implicit government approval. However, surging government bond yields...

Gerik

General Market Analysis – 4/12/25

General Market Analysis – 4/12/25

US stocks pushed higher in the latest session, extending their recent momentum as weaker-than-expected US jobs data strengthened expectations for an imminent Federal Reserve rate cut.

IC Markets

Europe’s Rare Earths Gamble: Estonia’s Border Plant Takes Aim at China’s Monopoly

Europe’s Rare Earths Gamble: Estonia’s Border Plant Takes Aim at China’s Monopoly

Europe’s largest rare earth magnet facility, developed by Canada’s Neo Performance Materials, has begun ramping up production in Estonia’s Narva a symbolic ...

Gerik

Bank of Japan Poised for December Rate Hike With Government’s Quiet Approval

Bank of Japan Poised for December Rate Hike With Government’s Quiet Approval

The Bank of Japan is likely to raise interest rates to 0.75% in December, marking its first move since January, as policymakers signal alignment between the central bank and government despite past dovish stances....

Gerik

Iranians Turn to Portable Wealth Amid Currency Collapse and War Fears

Iranians Turn to Portable Wealth Amid Currency Collapse and War Fears

Following the June war with Israel and a historic collapse of the rial, many Iranians are converting their savings into gold, silver, foreign currency, and diamonds...

Gerik

BOJ Likely To Raise Rates In December, Government To Tolerate Move

BOJ Likely To Raise Rates In December, Government To Tolerate Move

The Bank of Japan is likely to raise interest rates in December with the government expected to tolerate such a decision, three government sources familiar with the deliberations said.

Daniel Carter

Oil Holds Gains as Geopolitical Tensions Offset Supply Concerns

Oil Holds Gains as Geopolitical Tensions Offset Supply Concerns

Oil prices remained steady on Thursday as traders weighed the uncertain outlook for Ukraine peace talks and potential U.S. military action in Venezuela, with geopolitical risks helping support crude despite bearish supply fundamentals....

Gerik

India Stocks Set for Flat Open as Rupee Weakens and Foreign Outflows Deepen

India Stocks Set for Flat Open as Rupee Weakens and Foreign Outflows Deepen

Indian stock benchmarks are expected to open flat Thursday as persistent foreign investor outflows and a record-low rupee continue to weigh on market sentiment, despite recent GDP strength and record highs reached last week....

Gerik

Survivors Of U.S. Military Strike In Caribbean Were Legitimate Targets For Second Attack, Admiral To Tell Lawmakers

Survivors Of U.S. Military Strike In Caribbean Were Legitimate Targets For Second Attack, Admiral To Tell Lawmakers

A U.S. military commander is expected tell lawmakers on Thursday that survivors of a military strike in the Caribbean were legitimate targets for a second attack because their vessel was still believed to contain illegal narcotics, a U.S. official told Reuters.

Samantha Luan

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