China’s Caixin Manufacturing PMI for September came in at 50.0 vs. 49.5 expected and 49.2 for August, indicating that the country’s manufacturing sector is heading towards expansion territory. Earlier, China’s official manufacturing PMI contracted to 49.6 in September from 50.1 in August and 50.1 expected, the National Bureau of Statistics …

Official data revealed that Britain’s economy grew at a more robust pace than previously expected in the period between April and June. The Office for National Statistics said gross domestic product increased 5.5 percent in the second quarter, compared with its initial estimate of 4.8 percent growth. The office said …

Sources said that OPEC+ will likely stick to an existing agreement to add 400,000 barrels per day to its production in November when it meets next week, despite the fact that oil reached its highest level in more than three years above $ 80 a barrel and pressure from consumers …

GBP/USD has tumbled under 1.35, extending its rapid decline. The currency pair hast hit a low of 1.3473, a level last seen in January. The US dollar index continues to rise on Wednesday, for the fourth consecutive day. The dollar index was able to reach its levels during 2021 thanks …

The US dollar reached its highest level this year on Wednesday after rallying as US Treasury yields increased on investor fears that the Federal Reserve could begin withdrawing its policy support at a time when global growth is slowing. The euro fell to $1.1657, its lowest level from November 2020, …

European shares stabilized, after one of the worst market turmoil this year, as investors turned to defensive stocks of the healthcare sector amid persistent concerns about growth and inflation. The pan-European STOXX 600 index rose 0.8 percent after tumbling 2.2 percent on Tuesday, its biggest one-day percentage drop since mid-July. …

Japanese shares closed down more than 2 percent on Wednesday, tracking losses incurred by Wall Street overnight on rising concerns about inflation, while investors awaited the outcome of the ruling party leadership elections that will determine the next prime minister in Japan. The Nikkei average fell 2.12 percent to close …

Gold prices rose, as a slight decline in US Treasury yields provided some support in the face of growing expectations of a faster-than-expected hike in US interest rates that also pushed the dollar to a multi-month peak. And gold rose in immediate transactions 0.3 percent to $ 1739.34 an ounce, …

Japanese Prime Minister Yoshihide Suga said Japan will lift the state of emergency related to the coronavirus in all regions on Thursday for the first time in six months, as the number of new infections and deaths decreases and the burden on the medical system eases. Daily infections fell across …

Former Japan’s ruling Liberal Democratic Party (LDP) policy Chief Fumio Kishida outpaced popular reformer Taro Kono and won the party leadership vote after a run-off race. Kishida will succeed outgoing Prime Minister Yoshihide Suga, the announcement will be made on Monday, October 4. Kishida secured 257 votes when compared to …