Markets

Asia shares bank on eventual China opening; oil gains

https://tmsnrt.rs/2zpUAr4 China shares push higher, dollar slips More Chinese cities ease coronavirus controls Cap on Russia oil comes into effect, impact uncertain SYDNEY, Dec 5 (Reuters) – Asian shares extended their rally on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, …

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Chinese Consumer-Related Shares Rally as Covid Restrictions Eased

By Bingyan Wang Chinese consumer-related shares from airlines to food chain operators are higher in early trade Monday, after Beijing pared back some of its strictest Covid-19 control measures, pointing to a reopening of the economy. Shares of the three major Chinese airlines rose, with Air China Ltd. jumping 3.4%, China Eastern Airlines Corp. adding …

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Market Value of Industrial Insulation Market is Projected

DUBAI, United Arab Emirates, Dec. 04, 2022 (GLOBE NEWSWIRE) — As per the reports published by FMI, the global industrial insulation market is projected to have an average-paced CAGR of 5% during the forecast period. The current valuation of the market is US$ 7.77 Billion in 2022. The market value of the industrial insulation market …

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Stock futures are little changed as traders look ahead to more economic data

A trader works on the floor of the New York Stock Exchange (NYSE) in New York City, September 6, 2022. Brendan McDermid | Reuters US stock futures are little changed on Sunday night as investors await more economic data ahead of the Federal Reserve’s December policy meeting. Dow Jones Industrial Average futures fell by 57 …

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Betting markets heavily favor Warnock over Walker in Georgia runoff

Online betting markets are heavily favoring incumbent Sen. Raphael Warnock (D) over Republican Herschel Walker in Georgia’s Senate runoff with two days until the election. The Democrat’s chances of winning the runoff were at 89.5 percent to Walker’s 10.5 percent as of Sunday afternoon, according to the tracker Election Betting Odds, which culls odds from …

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Nigerian Presidential Hopeful Obi Pledges to Reform Currency Market, Subsidies

LAGOS (Reuters) – The anti-establishment candidate for Nigeria’s presidency will reform its system of costly subsidies and unify the local naira currency’s multiple exchange rates if elected in February, his manifest released on Sunday showed. Nigeria operates multiple exchange rates that allow some companies to get dollars cheaply while the majority of forex buyers pay …

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Bitcoin analysts eye weakening US dollar as BTC price fights for $17K

Bitcoin (BTC) bulls attempted to retake $17,000 into the Dec. 4 weekly close as volatility looked set to return to the market. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger Bands demand BTC pricevolatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD crisscrossing the $17,000 mark — a focal point throughout the weekend. With …

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