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Dow futures retreat; inflation data, Black Friday sales in focus

 U.S. stock futures traded lower Monday, as investors turned cautious approaching the end of a generally positive month and the release of key inflation data. By 06:05 ET (11:05 GMT), the Dow Futures contract was down 27 points, or 0.1%, S&P 500 Futures traded 5 points, or 0.1%, lower and Nasdaq 100 Futures dropped 16 points, or 0.1%. The main Wall …

Dow futures retreat; inflation data, Black Friday sales in focus قراءة المزيد »

Jordan’s Exports to GAFTA Nations Surge to JD2.3 Billion in 2023

Jordan’s exports to the Greater Arab Free Trade Area (GAFTA) countries have continued their upward trajectory, reaching JD2.307 billion during the January-September period of 2023. This represents a notable increase of 16.9% compared to JD1.974 billion for the corresponding period last year. Based on official statistical data reported by the Jordan News Agency (Petra), the …

Jordan’s Exports to GAFTA Nations Surge to JD2.3 Billion in 2023 قراءة المزيد »

Japan, UK discussed global inflation, volatile FX, financial markets

Top finance officials from Japan and Britain exchanged views and analysis on current global and domestic economic challenges such as elevated inflation and volatile currency and financial markets, the officials said in a joint statement. The statement was issued following the fifth round of the Japan-UK financial dialogue held in Tokyo and led by Japanese …

Japan, UK discussed global inflation, volatile FX, financial markets قراءة المزيد »

Dollar slips ahead of key inflation data; sterling shows strength

The U.S. dollar drifted lower Monday at the start of a data-packed week, while sterling gained on a degree of confidence returning to U.K. consumers. At 04:00 ET (09:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, fell 0.1% to 103.262, heading for a monthly loss of around …

Dollar slips ahead of key inflation data; sterling shows strength قراءة المزيد »

European stocks drift lower; key economic data releases to guide sentiment

European stock markets traded mostly lower Monday, with investors on edge at the start of a week that includes a string of important economic readings. At 03:15 ET (08:15 GMT), the DAX index in Germany traded 0.1% lower, the CAC 40 in France traded largely flat, while the FTSE 100 in the U.K. fell 0.2%. Stock markets around the globe have …

European stocks drift lower; key economic data releases to guide sentiment قراءة المزيد »

European stocks edge higher; U.K. Autumn Statement due

European stock markets traded marginally higher Wednesday, as investors digested the minutes from the last meeting of the U.S. Federal Reserve as well as earnings from AI favorite Nvidia. At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.3% higher, the CAC 40 in France traded up 0.2% and the FTSE 100 in the U.K. rose 0.4%. Fed minutes …

European stocks edge higher; U.K. Autumn Statement due قراءة المزيد »

Exclusive: China’s state banks seen swapping and selling dollars for yuan -sources

China’s major state-owned banks were seen exchanging yuan for U.S. dollars in the onshore swap market and selling those dollars in spot currency markets this week, two sources told Reuters on Tuesday. The yuan has gained 2% in the past week, to stand at levels of around 7.13 to the dollar – its highest in …

Exclusive: China’s state banks seen swapping and selling dollars for yuan -sources قراءة المزيد »

Electricity demand reaches 3310 Megawatts on Monday

Recent figures released by the National Electric Power Company (NEPCO) indicated that the recorded electricity demand on Monday reached 3310 megawatts. Highlighting the Kingdom’s energy landscape, the company underlined the robustness of Jordan’s electrical system, asserting its reliability akin to systems in advanced countries. Emphasizing proactive measures, the company reiterated its commitment to bolstering readiness …

Electricity demand reaches 3310 Megawatts on Monday قراءة المزيد »

China’s property sector needs more government support as crisis deepens

China’s property market, which makes up a substantial chunk of the country’s economy, needs more government support to prevent it from deteriorating further, analysts said. Existing home prices fell in October by the most since 2014, while outstanding property loans fell for the first time in history, Larry Hu, chief economist at Macquarie, said in …

China’s property sector needs more government support as crisis deepens قراءة المزيد »

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