Economic calendar in Asia 06 February 2023
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Russians bought record number of gold bars in 2022, data shows
This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.MOSCOW, Feb 3 (Reuters) – Russians bought an all-time record number of gold bars in 2022, finance ministry data showed on Friday, as tax cuts on precious metals encouraged people to stock up on bullion as a safe asset.Moscow […]
China foreign-exchange reserves rise $11 billion to $3.128 trillion in December
BEIJING, Jan 7 (Reuters) – China’s foreign exchange reserves rose in December, official data showed on Saturday, as the dollar fell against other major currencies.The country’s foreign exchange reserves – the world’s largest – rose $11 billion to $3.128 trillion last month, compared with $3.154 trillion predicted by a Reuters poll of analysts and $3.117 […]
Asia FX weakens, dollar rebounds as nonfarm payrolls loom By Investing.com
© Reuters By Ambar Warrick Investing.com — Most Asian currencies weakened on Friday, while the dollar rebounded in anticipation of more cues on the U.S. economy from nonfarm payrolls data, while markets dialed back bets on an imminent pause in the Federal Reserve’s rate hike cycle. The fell 0.2% even as a private survey showed […]
As China and Russia get “closer” and Beijing invests in nuclear weapons, NATO focuses on new “friends”
Tokyo — China’s growing assertiveness and collaboration with Russia poses a threat not only to Asia but also to Europe, NATO Secretary-General Jens Stoltenberg said Wednesday as he sought stronger cooperation and more “friends” for NATO in the Indo-Pacific region. Stoltenberg said China is increasingly investing in nuclear weapons and long-range missiles without providing transparency […]
Dollar Plunges as Fed Says Disinflation Now in Play
The dollar tumbled on Thursday after the U.S. Federal Reserve said it had turned a corner in the fight against inflation, giving markets a confidence boost that the end of its rate-hike campaign is near. Source link
Morning bid: Markets go all in for disinflation
SYDNEY, Feb 2 (Reuters) – A look at the day ahead in European and global markets from Wayne Cole.Push back? What push back? The main theme ahead of the Fed announcement was that Chair Jerome Powell would definitely, totally, absolutely push back against the recent rapid easing in market conditions given inflation was still sky […]
Asia FX rallies, dollar tumbles as markets bet on Fed pivot By Investing.com
© Reuters. By Ambar Warrick Investing.com– Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest rates, with markets betting that a U.S. economic slowdown will force the bank into reversing its hawkish stance this year. The rose 0.4% and came close to a […]
PRECIOUS-Gold flat as traders focus on Fed decision
*Fed policy decision due at 1900 GMT*U.S. labour cost growth smallest in a year(Adds details and updates prices)Feb 1(Reuters) – Gold held steady on Wednesday, as investors refrained from taking big bets ahead of the U.S. Federal Reserve’s policy decision due later in the day.Spot gold was flat at $1,927.75 per ounce, as of 0720 […]
Global factory activity contracted again in January, highlighting fragile recovery
U.S. manufacturing sinks further in Jan, but few layoffs – ISMEuro zone factories have passed their trough in activity – PMIChina’s Jan factory activity shrinks – Caixin PMI surveyWASHINGTON/LONDON, Feb 1 (Reuters) – Manufacturing activity across the United States, Europe and Asia contracted again last month, underscoring the fragility of the global economic recovery, although […]