By Andy Home LONDON (Reuters) – Donald Trump’s U.S. presidential election win has not sparked a repeat of the explosive copper rally which followed his unexpected victory in 2016. That coincided with a market that was heavily short of both futures and options and triggered a mass realignment of fund positioning. This time, copper was …
Copper views Trump win through Chinese lens: Andy Home Read More »
(Reuters) – Futures tied to Canada’s main stock index rose on Monday, mirroring Wall Street peers, with investors focusing on this week’s major economic indicators including key U.S. inflation data. December futures on the S&P/TSX index were up 0.5% at 6:00 a.m. ET (11:00 GMT). Wall Street futures rose on Monday and were set to …
BEIJING (Reuters) – China plans to utilize funds from local government special bonds to increase efforts to reclaim and acquire idle land, a move aimed at stimulating the struggling property market, the Ministry of Natural Resources said on Monday. Priority should be given to reclaiming residential and commercial land that enterprises are either unwilling or …
China to step up idle land reclaim to support property market Read More »
JERUSALEM (Reuters) – Israel posted a budget deficit of 11.2 billion shekels ($3.0 billion) in October, the Finance Ministry said on Monday, citing high expenses to finance the wars with the Palestinian Islamist militant group Hamas in Gaza and Hezbollah in Lebanon. The deficit for the 12 months to October dipped to 7.9% of gross …
Israel budget deficit dips to 7.9%/GDP in Oct despite higher war expenses Read More »
By Panarat Thepgumpanat and Kitiphong Thaichareon BANGKOK (Reuters) -A Thai panel on Monday picked ruling party loyalist and former Finance Minister Kittiratt na Ranong to chair the central bank’s board, two government sources said, choosing the government’s candidate despite concerns over political interference. Kittiratt’s selection comes in the face of opposition from hundreds of economists …
Thai panel picks government’s candidate for central bank board chair, sources say Read More »
(Reuters) -Donald Trump’s sweep to victory in the U.S. presidential election has ignited the so-called “Trump trade”, with the dollar, crypto and U.S. stocks all surging, as investors assess the global implications of his return to power. Germany is grappling with a political crisis, Britain’s finance minister delivers a key speech and policymakers head to …
By Scott Murdoch SYDNEY (Reuters) -Australia’s HMC Capital will press ahead with the initial public offering (IPO) of its data centres business that would be worth $A4 billion ($2.64 billion), according to its regulatory filings on Monday. The deal will aim to raise $A2.6 billion, the filings said, making it the largest deal in Australia …
Australia’s HMC Capital to list data centre trust worth $A4 billion Read More »
By Ariba Shahid KARACHI (Reuters) – Pakistan will reduce electricity tariffs during winter in a bid to boost consumption and cut the use of natural gas for heating, its power minister told Reuters on Saturday. The move is expected to provide relief to businesses and citizens, who have suffered from steep and sudden increases in …
Pakistan to slash winter power tariffs to spur demand, cut gas use Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada added a fewer-than-expected 14,500 jobs in October and wages of permanent employees rose, data showed on Friday, as the economy struggled to absorb the slack built up due to a rapidly increasing labor force. The unemployment rate stayed unchanged from September but hovered around a 34-month high of 6.5%, …
Canada adds fewer jobs than expected in October, wages rise Read More »
TORONTO (Reuters) – Canada’s economy added 14,500 jobs in October and the jobless rate held at 6.5% from September, Statistics Canada data showed on Friday. Market reaction: [CAD/] Link: COMMENTARY NICK REES, SENIOR FX MARKET ANALYST AT MONEX EUROPE LTD “Jobs gains slipped back in October, as we expected with less help from seasonal adjustments …
