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December, 2022

• 19 December 2022 1:06 pm

  German IFO Business Climate Index ticks higher to 88.6 in December

  

  The headline German IFO Business Climate Index climbed to 88.6 in December versus the previous reading of 86.3 and the forecast of 87.2. Meanwhile, the Current Economic Assessment improved to 94.4 points in the reported month as against November’s 93.1 and 93.5 expected. The IFO Expectations Index – indicating firms’ projections …

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• 19 December 2022 12:33 pm

  Japan’s Nikkei closes at a 6-week low, and bank stocks rise

  

  Japan’s Nikkei index ended Monday’s trading at a six-week low, tracing the impact of Wall Street’s decline in the previous session, while bank stocks rose on speculation of an interest rate hike in the country. The Nikkei fell 1.05 percent to close at 27,237.64 points, its lowest level since November …

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• 19 December 2022 11:38 am

  Yen gains on potential Japan govt move for more flexible inflation target

  

  The yen climbed on Monday on news that the Japanese government could soon revise a joint statement with the Bank of Japan (BOJ) over the latter’s inflation target, potentially paving the way for a tweak in the BOJ’s ultra-loose monetary policy. The yen was last 0.4% stronger at 136.19 per …

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• 19 December 2022 10:27 am

  Rise in oil prices amid optimism about recovery of demand in China

  

  Oil prices regained ground on Monday, after falling more than $2 a barrel in the previous session, amid optimism that China would lift COVID-19 restrictions and recover oil demand, which outweighed fears of a global recession. Brent crude futures rose 72 cents, or 0.9 percent, to $79.76 a barrel by …

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• 19 December 2022 4:22 am

  Financial Markets’ Weekly Recap, December 12-16

  

  Financial markets’ sentiment was still negative for most of the previous trading week amid accelerating recession-linked fears. This development, for sure, reinforced US Treasury bond yields but the US stock futures and equities in the Asia-Pacific region maintained mostly dull performance ahead of the final batch of data from the …

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• 17 December 2022 12:49 am

  Obvious message by major central banks: Tightening to stay for longer

  

  Berenberg Bank on Friday adjusted its terminal rate forecasts in light of the developments of the last 48 hours, adding an additional 25 basis point rate hike for the Fed in 2023, taking the peak to a range between 5% and 5.25% over the course of the first three meetings …

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• 16 December 2022 11:49 pm

  Stocks sink on further bad news about US economy

  

  US equities sank on Friday. US equities are also heading towards a second-straight weekly loss, as more negative and disappointing news on the US economy accelerate a sure decline. The S&P 500 Index and Dow Jones Index were lower around 1.5%, while the Nasdaq fell 1.3%. Earlier in the session, …

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• 16 December 2022 9:00 pm

  US Stocks extend weekly losses on future rate outlook

  

  US stocks fell on Wall Street on Friday after the Fed raised its forecast for how high it will ultimately push interest rates and attempted to assist investors’ hopes that rate cuts may happen next year. Stocks fell on Wall Street on Friday as worries grew that the Federal Reserve …

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• 16 December 2022 8:01 pm

  Gold Price Poised To End Trading Week With Neutral Performance

  

  Gold rebounds from weekly lows after managing to hold above $1,770. Wall Street indices are dropping more than 1% on Friday, adding to weekly losses.Gold price rebounded further from weekly lows following the release of the US S&P Global PMI report, hitting a fresh daily high at $1,793. It is …

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• 16 December 2022 5:51 pm

  Dollar holding on to gains

  

  The dollar stabilized on Friday after rising in the previous session, as traders analyzed a raft of central banks’ interest rate hikes and the possibility of continuing to raise borrowing costs for an extended period. And the euro settled against the dollar at 1.063 dollars. This came after falling 0.5 …

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• 16 December 2022 5:49 pm

  Retail sales in Britain contracted and recorded a negative reading

  

  The data of the National Statistics Office issued in Britain today, Friday, showed that the retail sales index recorded a negative reading, as Britain witnessed a contraction in retail sales by 0.4% last November, which is worse than the market’s expectations of an index growth of about 0.3%, after the …

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• 16 December 2022 2:17 pm

  European stocks are heading towards a weekly loss

  

  European stocks fell on Friday, heading for a weekly loss, after major central banks pledged to raise interest rates further to counter inflation, raising concerns about a global economic slowdown next year. The European Stoxx 600 index fell 0.2 percent to a new low, the lowest in a month, at …

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• 16 December 2022 12:29 pm

  Japan’s Nikkei closed at its lowest level in a month

  

  Japan’s Nikkei index closed at its lowest level in more than a month on Friday, tracing sharp declines on Wall Street overnight, as major central bank decisions to raise interest rates stoked fears of an economic slowdown. The Nikkei closed down by 1.87 percent, recording 27,527.12 points, the lowest closing …

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