Breaking News: The Markets

Chinese factory activity data falls short of expectations;  Asia-Pacific markets mixed

Chinese factory activity data falls short of expectations; Asia-Pacific markets mixed

Chinese factory activity beats expectations and contracts for second straight month China’s official manufacturing purchasing managers’ index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s below analysts’ expectations polled by Reuters, who had forecast a reading of 49. October’s PMI was 49.2. PMI readings are sequential and …

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S&P 500 futures rise as China Covid worries ease

S&P 500 futures rise as China Covid worries ease

Stocks making the biggest first moves: Hibbett, Silvergate Capital and more Here are the stocks that make the biggest moves in premarket trading: hibett: The sporting goods retailer’s stock fell 5.7% pre-market after missing revenue and earnings estimates for its latest quarter. The company said it was hit by higher expenses that squeezed profit margins, …

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Hong Kong shares rise nearly 4% in Asia session;  The Covid situation in China remains at the center of concerns

Hong Kong shares jump 4% ahead of Chinese Covid briefing

China unlikely to make sudden changes to its Covid policy: National University of Singapore The Chinese government is unlikely to make any sudden changes to its zero Covid policy as it will lead to chaos, Professor Wang Gungwu of the National University of Singapore said on CNBC’s “Squawk Box Asia.” “If you change the policy …

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Hong Kong shares rise nearly 4% in Asia session;  The Covid situation in China remains at the center of concerns

Hong Kong shares rise nearly 4% in Asia session; The Covid situation in China remains at the center of concerns

Hong Kong-listed property stocks rise after China changes fundraising rule Shares linked to Hong Kong-listed property developers surged after the Chinese regulator announced it would lift a ban on raising equity funds for the sector. The China Securities Regulatory Commission announced five measures to support the real estate market, including removing a multi-year restriction on …

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Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Hong Kong stocks lead losses in Asia on unrest in China, oil at 2022 low

Indian stocks hit all-time highs Indian stocks hit new highs in Monday’s session. The Nifty 50 Index, the flagship index of the National Stock Exchange of India, reached 18,611.05, surpassing the previous intraday high of 18,604.45 seen on October 19, 2021. The Sensex reached 62,690.39 during the morning session in India, also surpassing previous record …

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Fed officials see smaller rate hikes coming 'soon', minutes say

Fed officials see smaller rate hikes coming ‘soon’, minutes say

Federal Reserve officials agreed earlier this month that smaller interest rate increases should take place as they assess the policy’s impact on the economy, meeting minutes said. the meeting published on Wednesday. Reflecting statements that several officials have made over the past few weeks, the summary of the meeting pointed to small rate hikes ahead. …

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JPMorgan sees four potential outcomes for the economy, and only one of them is good

JPMorgan sees four potential outcomes for the economy, and only one of them is good

According to economists at JPMorgan Chase, the global economy faces four likely scenarios – none particularly large – although there is a 1 in 5 chance a recession will not take hold. In the company’s most likely case, the United States is likely to experience a contraction in the latter part of 2023. Other possible …

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Hong Kong stocks lead losses as China's Covid cases surge;  Mixed Asian markets

Hong Kong stocks lead losses as China’s Covid cases surge; Mixed Asian markets

JD.com shares fall after company slashes top executive pay Hong Kong listed shares of JD.com traded down more than 5% in the afternoon after the company confirmed pay cuts for its management team. The Chinese e-commerce giant has confirmed that it will cut the cash salaries of its management team by up to 20%, starting …

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US curbs on powerful chip exports to China hurt now, but should prove bullish in the long run

US curbs on powerful chip exports to China hurt now, but should prove bullish in the long run

It’s understandable why the United States felt the need to act quickly to keep powerful semiconductors out of the hands of the Chinese government. It’s best to move from a position of strength before it’s too late. However, as chip stock shareholders, it still hurts. As you may recall, Club holding Nvidia (NVDA) was particularly …

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Hong Kong shares drop 2% in Asia session;  China keeps interest rates unchanged

Hong Kong shares fall 2% on Covid fears; China keeps interest rates unchanged

Oil prices fall as China faces Covid concerns, Goldman Sachs cuts forecast Oil prices fell nearly a dollar as China’s Covid concerns grew, with the country seeing the first virus-related deaths recorded since May this year. Brent futures lost less than a dollar, or 0.9%, to settle at $86.83 a barrel and United States West …

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