Tag: stimulus,
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Crude oil dropped amid profit taking and lack of details on China’s stimulus
[ad_1] Crude oil yesterday settled down by -0.86% at 6473 amid profit taking and the lack of details on China’s stimulus measures weighed on prices. stocks, gasoline and distillate inventories fell last week, the Energy Information Administration said. Crude inventories fell by 600,000 barrels in the last week to 456.8 million barrels, compared with expectations…
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Hang Seng Index (HSI) Climbs on Stimulus Aspirations. Will China Drive HSI Higher?
[ad_1] Hang Seng Index, HSI, China, CCP, US Dollar, Crude Oil, Gold – Talking Points The Hang Seng Index responded to the possibility of more stimulus Broader Chinese markets also bounced in anticipation of a business-friendly outlook If the Fed is less hawkish tomorrow, will that further lift Hong Kong’s HSI? Recommended by Daniel McCarthy…
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Crude oil higher; supply tightness, Chinese stimulus eyed
[ad_1] Investing.com — Crude oil prices rose strongly Friday, set to close a volatile week on a positive note on signs of supply tightening and optimism over Chinese economic stimulus. By 09:50 ET (13.50 GMT), the futures traded 0.6% higher at $76.11 a barrel, while the contract climbed 0.6% to $80.09. Additional Chinese stimulus The…
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Zinc gains lifted by hopes of more stimulus for China’s property sector.
[ad_1] Zinc yesterday settled up by 1.18% at 214.2 as the global market surplus fell to 12,500 metric tons in April, down from 65,000 tons a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first four months of 2023, ILZSG data showed a surplus of 137,000 metric tons,…
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Zinc gains amid expectations China would undertake more stimulus measures
[ad_1] Zinc yesterday settled up by 1.18% at 214.2 as the global market surplus fell to 12,500 metric tons in April, down from 65,000 tons a month earlier, data from the International Lead and Zinc Study Group (ILZSG) showed. During the first four months of 2023, ILZSG data showed a surplus of 137,000 metric tons,…
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China growth momentum slows further amid calls for stimulus
[ad_1] BEIJING: China’s economy lost more steam in June with manufacturing activity contracting again and other sectors failing to build momentum, as calls grow for more policy support.The official manufacturing purchasing managers’ index registered a reading of 49, falling into contraction for a third straight month, according to National Bureau of Statistics data published Friday.…
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Aluminum gains supported by hopes of stimulus from China.
[ad_1] yesterday settled up by 0.73% at 205.65 supported by hopes of stimulus from China to revive its embattled property sector and bolster economic growth. Investors also bet China to further cut banks’ reserve ratio and interest rates in the second half of this year to support the economy, following a report by state-owned media.…
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Zinc gains on hopes of stimulus measures from top metals consumer China.
[ad_1] Zinc yesterday settled up by 1.73% at 214.4 on hopes of stimulus measures from top metals consumer China. China will likely further cut banks’ reserve ratio and interest rates in the second half of this year to support the economy. Investors also hoped that Beijing would roll out supportive measures soon to bolster the…
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S&P 500 Ends Longest Slide Since February 2020 But Reversal Founded on BOE Stimulus Unreliable
[ad_1] S&P 500, FTSE 100, GBPUSD, VIX, EURUSD and USDCNH Talking Points: The Market Perspective: USDJPY Bearish Below 141.50; Gold Bearish Below 1,680 Responding to the sharpest rise in long-dated Gilt yields in over half a century, the Bank of England announced it would buy unlimited bonds in an effort to stabilize its system The…
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Gold Recovers Sharply From Six-Week Low, Copper up on China Stimulus
[ad_1] By Ambar Warrick Investing.com– Gold prices recovered sharply from a six-week low on Tuesday as a worsening energy crisis in Europe drove up safe haven demand, while copper extended gains on expectations of more Chinese stimulus measures. jumped 0.5% to $1,718.95 an ounce, while were up 0.5% at $1,730.0 by 21:03 ET (01:03 GMT). Both…