Category Markets

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China’s central bank keeps policy rate at 2.75%

The People’s Bank of China (PBOC) held its policy rate unchanged today (Nov 15), signaling that the PBOC may hold its loan prime rate (LPR) next week amid signs of a weak economy. The PBOC left the one-year interest rate…

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Asian shares closed mostly in the red on Monday

Tokyo’s Nikkei closed at 27,963.47, down 300.10 or -1.06%, as investors took profits after the Nikkei index surged last week. The losers were DOWA Holdings-14.21%, Softbank Group Corp.-12.73%, and Olympus Corp.-10.81%. The winners were TOTO+6.03%, Shiseido+5.23%, and NTT Data Corp.+2.52%.…

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5 ASEAN banks sign MOUs for cross-border payments

Five ASEAN central banks signed a Memorandum of Understanding on Regional Cross-Border Payments today (Nov. 14) ahead of the G20 Summit in Bali, Indonesia. The 5 central banks are the Reserve Bank of Indonesia, the Reserve Bank of Malaysia, the…

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Oil prices rose in Asia on Monday morning

Oil prices rose nearly 1% in Asia on Monday as China eased COVID-19 control measures. This has raised hopes that economic activity will recover and demand from the world’s largest crude importer will increase. Commodity prices rose Friday after China’s…

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These economic data will be important this week

Asia On Monday, India reports October inflation. On Tuesday, South Korea publishes import and export prices for October.Japan publishes gross domestic product (GDP) for the third quarter of 2022 and industrial production for September.The Reserve Bank of Australia releases the…

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This is how the markets closed last week

The Dow Jones closed higher, still supported by hopes that the U.S. Federal Reserve (Fed) would slow interest rate hikes after lower-than-expected U.S. inflation data in October. Crude oil futures closed higher. This was supported by China’s announcement to ease…

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