Tag: stimulus,
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China steps up stimulus by $146 billion to rescue economy
[ad_1] China stepped up its economic stimulus with a further 1 trillion yuan of measures to bolster growth and curb the fallout of repeated Covid lockdowns and the crisis in the property market. The State Council, China’s Cabinet, outlined a 19-point policy package on Wednesday, including another 300 billion yuan that state policy banks can…
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Crude Oil Edges Higher; China Stimulus Boosts Sentiment
[ad_1] By Peter Nurse Investing.com — Oil prices edged higher Thursday, on course for strong weekly gains as China attempted to boost demand while global supply remained very tight. By 08:40 ET (12:40 GMT), futures traded 0.1% higher at $94.94 a barrel, while the contract rose 0.4% to $101.67. Both contracts are on course for…
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Gold Flat at $1,750 Amid Fed Jitters, China Stimulus Does Little for Copper
[ad_1] By Ambar Warrick Investing.com– Gold prices moved little on Thursday, but held on to recent gains as traders awaited more cues on U.S. monetary policy, while copper prices appeared unimpressed by China’s latest stimulus package. was little changed around $1,752 an ounce, while rose 0.2% to $1,765.0 an ounce by 20:31 ET (00:31 GMT). Prices…
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Hang Seng Index Bolts Higher Despite Storms as China Ignites Stimulus Plans. Where to for HSI?
[ad_1] Hang Seng Index, HSI, Korean Won, US Dollar, Crude Oil, Fed, Jackson Hole – Talking Points The Hang Seng Index (HSI) benefitted from Chinese measures to lift the economy Crude oil is higher again after inventory data, adding to the energy predicament All eyes on Jackson Hole later today.Will it impact equity prices and…
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Gold Trades Flat, Copper Rises on China Stimulus Hopes
[ad_1] By Ambar Warrick Investing.com– Gold prices moved little in Asian trade on Wednesday as a recovery in the stock market dented safe haven demand, while copper prices rose on the prospect of more stimulus measures in major importer China. prices were largely unchanged around $1,775.35 an ounce by 20:18 ET (00:18 GMT), while held around…
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Chinese Yuan Chips at Dollar as Iron Ore Catches Bid on Stimulus News
[ad_1] Chinese Yuan, USD/CNH, Stimulus, UK, Oil, Technical Outlook – Talking Points The Chinese Yuan gained against the Dollar overnight amid risk-on market Iron ore prices rose after news circulated that China may boost stimulus USD/CNH is trading near triangle support after dropping below 20-day SMA Friday’s Asia-Pacific Outlook Asia Pacific markets look set to…
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Nikkei 225 Up and Yen Down on Japan PM Hopeful Talks Stimulus, USD/CAD Eyes Bank of Canada
[ad_1] Nikkei 225, Japan GDP, USD/JPY, Kosdaq, Bitcoin, BOC, USD/CAD – Talking Points Japanese equities continue higher on hopes for a new pro-stimulus PM Regulation changes sink Kosdaq, Bitcoin attempts ‘legal tender’ status BOC decisionson rates, asset purchases due. Where to for USD/CAD? Nikkei 225 made a new high as it marched toward February’s 30-year…