Tag: stimulus,
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Zinc Rose On Reinforced Hopes Of More Stimulus Measures From China
[ad_1] Zinc prices surged by 1.72%, settling at 228.1, driven by reinforced expectations of additional stimulus measures from China, the top metals consumer. China’s central bank governor announced a 50-basis-point reduction in the reserve requirement for banks, effective from February 5, in response to economic challenges. Additionally, the central bank will reduce re-lending and re-discount…
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Copper Jumped Amid Support From Fresh Stimulus Measures By The Chinese Government.
[ad_1] Copper prices rose by 1.05%, settling at 729.9, driven by a slight pullback in the and bolstered by fresh stimulus measures from the Chinese government. China’s announcement of a reserve requirement ratio cut in the next two weeks, providing CNY 1 trillion in liquidity, and indications of additional economic support contributed to positive sentiment.…
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Gold prices skittish before GDP data; copper upbeat on China stimulus
[ad_1] Investing.com– Gold prices nursed steep losses on Thursday as anticipation of a barrage of U.S. economic and interest rate cues kept traders averse to the yellow metal, while copper sat on strong gains this week following more stimulus measures from China. Bullion prices had fallen 0.7% on Wednesday, largely disregarding some weakness in the…
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Oil prices climb on Chinese stimulus hopes; US inventories in focus
[ad_1] Investing.com — Oil prices climbed higher Wednesday, helped by a Chinese economic stimulus package as well as the continued Middle East tensions. By 09:10 ET (14.10 GMT), the futures traded 0.8% higher at $74.94 a barrel and the contract climbed 0.5% to $79.95 a barrel. Chinese stimulus helps The crude benchmarks have benefited Wednesday…
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Yen’s Dance: BOJ’s Deliberation on Stimulus Exit Tempers Currency Surge
[ad_1] The Japanese yen retreats to 142.5 per dollar as Bank of Japan’s December meeting reveals discussions on exiting massive stimulus, signaling caution and a focus on the wage-inflation cycle. Governor Ueda hints at a rising likelihood of Japan’s economy escaping low inflation but emphasizes a gradual approach to policy changes. Highlights Japanese Yen Depreciation:…
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Copper gains as China’s manufacturing activity slowed, raised hopes for stimulus
[ad_1] Copper prices experienced a modest gain of 0.33%, settling at 722, driven by concerns over slowing manufacturing activities in China. The official NBS Manufacturing PMI for November 2023 slipped to 49.4, marking the second consecutive month of decline and falling below market forecasts. This decline underscored the need for additional government support to bolster…
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Gold prices steady as Fed fears ease, copper rises on China stimulus
[ad_1] Investing.com– Gold prices were muted on Monday, but retained a bulk of last week’s gains as easing concerns over rising U.S. interest rates pulled down the dollar. Industrial metals saw strong gains, with copper prices rising 0.6% to a 1-½ month high on the prospect of more stimulus measures in major importer China. A…
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Hang Seng Index (HSI) Rallies on China Stimulus While AUD Finds Support on CPI Data
[ad_1] Hang Seng Index, China, HSI, PBOC, AUD/USD, AU CPI, Crude Oil – Talking Points Chinese bourses have been underpinned today by policy annoucements Australian 3Q CPI reaccelerated, lifting the prospect of an RBA rate hike The Hang Seng index rallied but some technical hurdles lie ahead Recommended by Daniel McCarthy Traits of Successful Traders…
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Oil prices rebound on hopes of Chinese stimulus; U.S. inventories fall
[ad_1] Investing.com — Crude oil prices bounced Thursday on hints from China’s central bank of more help for the country’s struggling property sector, and thus the wider economy. By 08:40 ET (12.40 GMT), the futures traded 1% higher at $80.20 a barrel, while the contract climbed 1% to $84.28. Both contracts had fallen to their…
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Oil prices dip as markets weigh weak China PMIs, stimulus hopes
[ad_1] Investing.com — Oil prices fell slightly on Monday after weak business activity data from China pointed to worsening economic conditions in the world’s largest oil importer, although the prospect of more stimulus measures in the country kept losses limited. Prices were sitting on five straight weeks of gains, and were also set for stellar…