Oil Prices Creep Higher As IEA Flags Chinese Demand Recovery
by Oil prices rose slightly on Monday tracking optimistic comments on a recovery in Chinese demand from the International Energy Agency, although markets were still nursing …
Tag: Economic
China Hotel, Catering Job Openings Surge On PAost-COVID Demand Recovery – Survey
Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing’s zero-COVID protocols, with a survey by …
Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year
Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year …
Oil Prices Dip as industry Data Shows Massive Build in U.S. Inventories
Oil prices fell on Wednesday after industry data pointed to a large weekly build in U.S. crude stockpiles, although losses were limited by the prospect …
Weekly Comic: China’s Precarious Reopening
China’s dash for herd immunity from COVID-19 may not be the miracle cure for its economic ills that markets seem to think. Global markets have …
Chinese Yuan hits 4-Mth High on Reopening cheer, U.S. Payrolls Awaited
The Chinese yuan jumped to a four-month high on Friday as markets bet on a strong economic boost from China reopening its borders this month, …
China Manufacturing PMI Shrinks for 5th Straight Month in Dec – Caixin
Chinese manufacturing activity shrank for a fifth straight month in December, a private survey showed on Tuesday, as the country grappled with an unprecedented spike …
Asia FX Mixed as Fed Caution offsets Optimism Over Slowing Inflation
Most Asian currencies kept to a tight range on Wednesday in anticipation of an interest rate hike and more cues on monetary policy from the …
Oil Surges As Speculation Over OPEC Cut Outweighs China concerns
Oil prices jumped on Tuesday as traders bet that recent weakness in the market will invite more supply cuts by the OPEC, while anti-government protests …
Dollar Down as Fed Minutes, U.S. Data Weighs
The U.S. dollar fell across the board on Wednesday, after minutes from the Federal Reserve’s November meeting showed that most policymakers at the central bank …