Covid

Reaction to China's easing of COVID restrictions in major policy shift

Reaction to China’s easing of COVID restrictions in major policy shift

Dec 7 (Reuters) – China on Wednesday announced the most sweeping changes to its strict zero COVID policy since the pandemic began three years ago, easing rules that had curbed the spread of the virus but had hobbled the world’s second-largest economy worldwide and sparked protests. The easing of rules, which include allowing infected people …

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Indian Morning Briefing: Mixed Asian Markets; Strong US data, China’s Covid edges in focus

GLOBAL MARKETS DJIA 33947.10 -482.78 -1.40% Nasdaq 11239.94 -221.56 -1.93% S&P 500 3998.84 -72.86 -1.79% FTSE 100 7567.54 11.31 0.15% Nikkei Stock 27827.50 7.10 0.03% Hang Seng 19487.73 -30.56 -0.16% Kospi 2405.76 -13.56 -0.56% SGX Nifty* 18742.00 -68.0 -0.36% *Dec contract USD/JPY 136.99-7.00 +0.14% Range 137.17 136.30 EUR/USD 1.0499-502 +0.08% Range 1.0520 1.0488 CBOT Wheat …

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Masks

Lower oil prices on horizon as China enters next phase of Covid crisis | OilPrice.com

Since the late 1990s, China has been the big beast in global oil markets, driving demand for the oil and other commodities it used to fuel double-digit economic growth every year for many years. then high single-digit growth for years. . As recently as 2017, China’s high economic growth rate still allowed it to overtake …

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European markets fall as investors assess China's Covid relaxation and oil moves

European markets fall as investors assess China’s Covid relaxation and oil moves

Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …

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Asian equities bet on a possible opening of China;  oil gain

Asian equities bet on a possible opening of China; oil gain

https://tmsnrt.rs/2zpUAr4 Chinese stocks climb, dollar slides More Chinese cities ease coronavirus controls Russian oil cap goes into effect, impact uncertain SYDNEY, Dec 5 (Reuters) – Asian stocks extended their rally on Monday as investors hoped moves to lift pandemic restrictions in China would eventually improve the outlook for global growth and demand for commodities, pushing …

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MARK-TO-MARKET: Job openings dwindle as CEOs look to 2023

MARK-TO-MARKET: Job openings dwindle as CEOs look to 2023

Mark M. Grywacheski Published monthly by the US Department of Labor, the JOLTS, or Job Openings and Labor Turnover Survey, reports the monthly change in job offers, hires, quits and other employee departures. On Wednesday, the October survey reported 10.3 million non-farm job openings among private and government employers nationwide. That was slightly below the …

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Japanese stocks drag losses in Asia as investors seek clarification on China's Covid rule changes

Japanese stocks drag losses in Asia as investors seek clarification on China’s Covid rule changes

Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …

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Poor Covid test results in China raise fears 'the pandemic may never end'

Poor Covid test results in China raise fears ‘the pandemic may never end’

Residents line up outside a Covid-19 testing booth in Beijing, China, Monday, Nov. 28, 2022. The capital has required regular virus testing for more than six months. Bloomberg | Bloomberg | Getty Images BEIJING — Local frustration over China’s Covid controls has increasingly targeted virus testing requirements and the big business they’ve fueled. Trending on …

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Stocks rally on hopes of relief from China's COVID policy.  Here's why economists think investors are too optimistic.

Stocks rally on hopes of relief from China’s COVID policy. Here’s why economists think investors are too optimistic.

Investors rejoiced over China’s latest COVID policy this week after massive lockdown protests erupted across the country, rocking global financial markets, but economists believe markets have placed “too much great likelihood” that the restrictions will soon be eased. China’s National Health Commission said on Tuesday it would step up COVID vaccinations for the elderly and …

Stocks rally on hopes of relief from China’s COVID policy. Here’s why economists think investors are too optimistic. Read More »