(Bloomberg) — Chinese stocks are closing in on their first annual advance since the pandemic, and more gains could be in store if Beijing offers further growth support. Most Read from Bloomberg The onshore benchmark CSI 300 Index has climbed almost 17% since end-2023 to halt an unprecedented three-year losing streak. A gauge of Chinese … Read more
(Bloomberg) — A slew of companies have announced plans to list shares in Hong Kong over the next month in a further sign the city’s IPO market is reviving. Most Read from Bloomberg At least six firms have said they intend to hold initial public offerings in the city by late January, raising a combined … Read more
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks eased on Tuesday in cautious end-of-year trading that has seen investors scale back bets of deep U.S. rate cuts in 2025 and brace for the incoming Trump administration, with the dollar standing tall against most other currencies. Volumes were light with a holiday for the New Year … Read more
By Rahul Paswan (Reuters) – Gold prices were little changed on Tuesday, the last trading day of an eventful year that saw the metal post its best annual performance in more than a decade. Spot gold rose 0.1% at $2,608.09 per ounce, as of 0217 GMT. U.S. gold futures gained 0.1% to $2,620.60. Trading activity … Read more
You may assume that to enjoy winter sun, you’d have to travel far across the globe. However, there’s a UK island that offers delightful mid-winter sunshine – the Isle of Wight. Recently, the Met Office named it as the sunniest place in the UK, boasting more hours of light than some parts of Italy. According … Read more
SINGAPORE (Reuters) – Oil prices rose in early trade on Tuesday after data showed China’s manufacturing activity expanded in December, but for a second consecutive year oil was on track to end lower due to demand concerns in top consuming countries. Brent crude futures rose 47 cents, or 0.7%, to $74.46 a barrel as of … Read more
(Bloomberg) — China’s factory activity expanded for a third straight month in December, bolstering expectations the economy will reach its annual growth target after Beijing’s stimulus blitz. Most Read from Bloomberg The official manufacturing purchasing managers’ index was 50.1, the National Bureau of Statistics said Tuesday, above the 50-mark separating expansion and contraction. The median … Read more
By Ankur Banerjee SINGAPORE (Reuters) – The dollar was firm on the last trading day of the year, poised to clock strong gains in 2024 against most currencies as investors prepared for fewer U.S. rate cuts and the incoming Trump administration’s policies. The dollar’s ascent, buoyed by rising Treasury yields, has pushed the yen toward … Read more
(Bloomberg) — Asian shares are under pressure on the last trading day of the year, after weakness in the technology sector extended losses on Wall Street for a third session. Most Read from Bloomberg Australian stocks fell about 0.7% in early trade Tuesday, with futures also pointing to a downbeat open in Hong Kong. A … Read more
(Bloomberg) — UK credit and debit card spending barely grew in 2024 as cautious consumers treated themselves to small luxuries, concerts and travel while cutting back on food and big-ticket purchases, according to research Tuesday that provides a warning sign for the Labour government’s growth ambitions. Most Read from Bloomberg In trends set to continue … Read more