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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 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 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

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

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

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

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

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

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

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

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

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

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

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

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

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 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

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

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