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Market Update

Oil rises as investors bet on tight supplies

On Monday, oil prices continued their upward trajectory, building on recent gains amid various factors including anticipated declines in supplies due to OPEC+ production cuts, attacks on Russian refineries, and positive data from the Chinese manufacturing sector, signaling improved demand. As of 0331 GMT, Brent crude prices climbed by 29 …

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PBOC Expected to Remain Cautious on Government Bonds

President Xi Jinping ordered the central bank of China to start trading central government bonds; nevertheless, the bank is poised to exercise caution to minimize unanticipated effects on inflation and the exchange rate. The bank aims to avoid perceived heavy-handedness or quantitative easing, avoid large-scale intervention into the bond market, …

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