New lockdowns further hurt UK labor sector
Britain’s jobs data for October showed further weakening in the labor sector, hurt by lockdowns on the new wave of Covid-19 cases, with growing risk of a shock from the end of post-Brexit transition period on December 31, as trade…
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China’s factory output accelerated further in November, adding to signals of strong economic…
China’s industrial production growth rose to 7.0% in November, in line with expectations but faster than October’s 6.9% expansion.
Easing of Covid-19 restrictions revived consumer spending and boosted demand for manufacturing goods that…
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The EU and UK see chance to reach a trade pact and agreed to continue talks
The EU and UK, despite missing several deadlines, agreed to give talks another chance and try to break the deadlock on stalled talks over state aid provisions, fisheries and corporate fair play rules and avert turbulent split on no-deal…
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Vaccine optimism continues to support oil prices, but widening lockdowns weigh
WTI oil edged higher in early Monday, as rollout of Covid-19 vaccine boosts expectations for rise in global demand, while a tanker explosion in Saudi Arabia additionally lifted the price.
On the other side, widening lockdown in Germany…
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Renewed Brexit optimism lifts cable above 1.3400
Cable retested 1.3400 barrier, following a hundred-pips gap-higher on opening on Monday, lifted by fresh Brexit optimism.
Chief EU negotiator said that the deal is still possible after two sides agreed on Sunday to extend talks and try to…
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Bulls remain underpinned by rising 10 DMA, eye 1.22 barrier
The Euro opened with gap higher on Monday signaling that bulls remain in play after Friday’s / weekly close in red.
Risk sentiment on vaccine hopes keeps the euro inflated for renewed attempt at psychological 1.22 barrier.
Near-term…
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Dollar edges higher on fresh risk aversion over Brexit fears, US stimulus delay
The dollar regained traction on Friday as rising Brexit worries and signs of further delays of new US fiscal stimulus soured sentiment and prompted traders into safety.
The greenback remains in a downtrend since March and hit the lowest…
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No-deal Brexit scenario becomes more likely than agreement
The Great Britain is more likely to leave the European Union without a trade agreement than with a deal, EU Commission chief said on Friday, with similar tones coming from top UK officials, as Prime Minister Boris Johnson said that there…
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Cable falls to new monthly lows on rising risk of no-deal Brexit
Cable dips to the lowest in December on Friday, extending strong weakness into second straight day.
Sterling came under increased pressure on rising probability that trade talks will end without agreement and trigger most feared scenario –…
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Oil is on track for the sixth consecutive weekly gain, inflated by vaccine optimism and rising…
WTI oil is holding positive tone and probing above $47 handle in early Friday, following Thursday’s 2.7% advance that hit new post-pandemic recovery high at $47.71 (the highest since early March).
The oil is on track for a sixth straight…
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