Author: FX

UPCOMING EVENTS:Monday: China CPI.Tuesday: RBA Policy Decision, US NFIB Small Business Optimism Index.Wednesday: Japan Tankan Index, Japan PPI, US CPI, BoC Policy Decision.Thursday: Australia Labour Market report, SNB Policy Decision, ECB Policy Decision, US PPI, US Jobless Claims, New Zealand Manufacturing PMI.Friday: BoJ Tankan Index, UK GDP.MondayThe Chinese CPI Y/Y is expected at 0.5% vs. 0.3% prior, while the M/M measure is seen at -0.4% vs. -0.3% prior. Real rates in China continue to be too high when there’s a strong need for very low and even negative rates in such economic circumstances. Chinese officials keep pledging more support but…

By Sebin Choi and Eduardo Baptista SEOUL (Reuters) – When President Yoon Suk Yeol declared martial law, for the first time in South Korea since 1980, 70-year-old Lee Chul-Woo was reminded of his youth, much of it spent protesting right-wing military strongman rule. The swift rejection and failure of Yoon’s move partly stems from that painful history, which millions of South Koreans can still vividly recall. There have been more than a dozen instances of martial law being declared since South Korea was established as a republic in 1948. Lee, a supporter of main opposition party leader Lee Jae-myung who…

Data released Saturday by the People’s Bank of China revealed that it has resumed buying gold. It was the largest official buyer in the world in 2023 as it looked to be headed on a multi-year effort to diversify out of US dollars.That changed this year as officials seemingly became price sensitive as buying stopped in May after the rise above $2400.Gold weeklyThe news of the PBOC shift on June 7 led to a $100 decline in gold prices.Evidently, there has been a change of heart from the PBOC as holdings rose to 72.96 million fine troy ounces at the…

imaginima Goldman Sachs (NYSE:GS) said this week it has quit one of the top international green energy banking alliances, a signal of declining interest on Wall Street in climate activism against a backdrop of increasing pressure from Republicans. Goldman (GS Source link

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By Suleiman Al-Khalidi and Timour Azhari AMMAN/BEIRUT (Reuters) – Syrian rebels announced they gained full control over the key city of Homs early on Sunday after only a day of fighting, leaving President Bashar al-Assad’s 24-year rule dangling by a thread as insurgents marched on the capital, Damascus. Thousands of Homs residents poured onto the streets after the army withdrew from the central city, dancing and chanting “Assad is gone, Homs is free” and “Long live Syria and down with Bashar al-Assad”. Rebels fired into the air in celebration, and youths tore down posters of the Syrian president, whose territorial…

By Ju-min Park, Joyce Lee and Cynthia Kim SEOUL (Reuters) -South Korean President Yoon Suk Yeol survived an impeachment vote in parliament on Saturday prompted by his short-lived attempt to impose martial law this week, but the leader of his own party said the president would eventually step down. Yoon’s People Power Party boycotted the impeachment vote, put forward by the main opposition Democratic Party, and the motion was scrapped after not enough lawmakers participated. After the vote, however, PPP leader Han Dong-hoon said the party had decided that Yoon would resign. “The declaration of martial law was a clear…

Mon: Eurogroup Meeting; Chinese CPI & PPI (Nov), EZ Sentix (Dec), US Employment Trends (Nov)Tue: RBA Policy Announcement, EIA STEO; German Final CPI (Nov), Norwegian CPI (Nov), US NFIB (Nov), Chinese Trade Balance (Nov), Chinese Central Economic Work ConferenceWed: BoC & BCB Policy Announcement, OPEC MOMR; South African CPI (Nov), US CPI (Nov)Thu: ECB & SNB Policy Announcements, Norges Bank Regional Network, IEA OMR; Australian Employment (Nov), UK GDP Estimate (Oct), US Initial Jobless Claims (w/e 7th), PPI (Nov), Japanese Tankan Index (Q4)Fri: N/AChinese Inflation (Mon): Chinese inflation data for November will provide the latest clues into the underlying health…

By Suleiman Al-Khalidi and Timour Azhari AMMAN/BEIRUT (Reuters) -Syrian rebels pressed their lightning advance on Saturday, saying they had seized most of the south, as government forces dug in to defend the key central city of Homs to try to save President Bashar al-Assad’s 24-year rule. Since the rebels’ sweep into Aleppo a week ago, government defences have crumbled across the country at dizzying speed as insurgents seized a string of major cities and rose up in places where the rebellion had long seemed over. Besides capturing Aleppo in the north, Hama in the centre and Deir al-Zor in the…

Notable analyst calls this week: Tesla, Kroger and FedEx among top picks Source link