China Covid Calm, Hong Kong Stocks Rise

Morgan Stanley upgraded Chinese stocks to overweight Strategists at Morgan Stanley upgraded their recommendation for Chinese stocks to Overweight, according to a note on Sunday. The upgrade marked the end of the company’s equal position in Chinese stocks that it had maintained for nearly two years, said strategists led by Laura Wang. Morgan Stanley cited … Read more

South Korea inflation, US jobs report, COVID-19 in China

India is poised to become the third largest economy by 2030 India is expected to overtake Japan and Germany to become the third largest economy in the world. Standard & Poor’s Worldwide Morgan Stanley predicted in a report. The S&P forecast is based on the expectation that India’s average annual nominal GDP growth will be … Read more

The Fed’s main measure of inflation rose 0.2% in October, less than expected

The Commerce Department reported Thursday that inflation rose in October in line with estimates, sending a signal that price increases may at least stabilize. The core PCE price index, a measure that excludes food and energy favored by the Federal Reserve, rose 0.2% for the month and was up 5% from a year ago. The … Read more

Factory activity data in China missed expectations. Asia Pacific markets are mostly higher

Factory activity in China came in below expectations, contracting for the second straight month Official manufacturing in China Purchasing Managers Index For the month of November it came in at 48, below the 50-point mark that separates growth from contraction. This is lower than the forecast of analysts polled by Reuters, who had expected a … Read more

Hong Kong shares rose nearly 4% ahead of China’s Covid briefing

Chinese indicators are emerging before the covid conference Indexes in China jumped more than 2% as investors were closely watching developments in the country’s anti-COVID policy after seeing losses in the previous session. China’s CSI 300 index rose 2.97% in the morning session, while rising Shanghai boat jumped 2.2%. The Shenzhen component The index rose … Read more

Investors track data, Fed minutes

The Stoxx 600 continues to trade at a 3-month high The Stoxx 600 index It extended its rise in afternoon trading to its highest level since August 19. Gains were led by mining stocks, up 1.8%, travel stocks up 1.5%, and technology and retail stocks, both up 0.4%. Despite the recent gloomy economic data, declining … Read more

Asia-Pacific markets trade less; China keeps the LPR steady

Japanese trading houses rise as Berkshire Hathaway is reported to boost its stake Shares of some Japanese trading companies rose early in the Asian session, despite the decline in the region’s markets, after billionaire Warren Buffett’s Berkshire Hathaway boosted his stake in the companies, according to individual regulatory filings. Berkshire increased its share by more … Read more

Meituan, Tencent, APEC leaders meet, Japanese trade, unemployment in Australia

NetEase backtracked after Blizzard announced it was suspending its Chinese game services Hong Kong shares listed netease decreased by 13% after Blizzard Entertainment, a subsidiary of Activision Blizzardhe said Suspension of gaming services in Chinaciting expired licensing agreements with NetEase. “We are incredibly grateful for the passion our Chinese community has shown over the nearly … Read more

October CPI saw inflation rise even as the prices of some commodities fell

Consumer inflation may have eased slightly in October with lower prices for goods, but prices for services and rents are expected to continue to rise. Economists expect October’s CPI to rise 0.6% from September, or 7.9% from a year ago, up from 0.4% or 8.2% annually in September, According to Dow Jones. Excluding food and … Read more

Bitcoin Price Related to Financial Markets – Bitcoin Magazine

This is an editorial by Mike Ermolaev, Head of Public Relations and Content at Kikimora Labs. Defining the context: the fundamentals of the global economy The economy is still recovering from the COVID-19 outbreak as new problems emerge. We are now in a time of rampant inflation as central banks are trying to address this … Read more