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Stocks gain, shrugging off latest policymaker inflation concerns

Stocks gain, shrugging off latest policymaker inflation concerns

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com register LONDON, Aug 18 (Reuters) – …

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China takes steps to support some property developers, boost demand in economy

Surveillance cameras are seen near residential buildings under construction in Shanghai, China July 20, 2022. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com register HONG KONG, Aug 16 (Reuters) – China will guarantee new onshore bond issues by a few select private developers to support its embattled property sector, sources said on Tuesday, …

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Analysis: China central bank, under pressure to ease, is hemmed-in by inflation, Fed jitters

Economic recovery looking increasingly shaky PBOC seen easing further in response – policy insiders PBOC likely to lower key lending rate next week to spur demand Imminent RRR cut seen unlikely due to ample cash in economy PBOC has limited room to ease due to concerns over inflation, capital flight BEIJING, Aug 17 (Reuters) – …

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The disappointing economic backdrop to China’s policy dilemma

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com register Aug 16 (Reuters) – China’s central bank cut its interest rates on Monday for the second time this year, but analysts suspect it will do …

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US housing starts near 1-1/2-year low; factory output rebounds

Housing starts drop 9.6%; building permits fall 1.3% Single-family starts tumble 10.1%; permits drop 4.3% Housing construction backlog rises 5.0% Manufacturing production rebounds 0.7% WASHINGTON, Aug 16 (Reuters) – US homebuilding fell to the lowest level in nearly 1-1/2 years in July, weighed down by higher mortgage rates and prices for construction materials, suggesting the …

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Investors no longer ‘apocalyptically bearish’, Bank of America poll says

LONDON, Aug 16 (Reuters) – Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly survey of global fund managers in August, as hopes rise inflation and interest rates shocks will end in the coming quarters BofA, which polled investors overseeing $836 billion in assets between Aug. 5-11, said …

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Stocks drift, dollar firms as growth fears stifle sentiment

European stocks edge up 0.3% on defensive names Markets overall subdued amid China, US growth fears Dollar gains as investors seek safety LONDON, Aug 16 (Reuters) – European stocks crept sluggishly higher on Tuesday as investors sought safety in defensive names, while risk aversion likewise lifted the safe haven dollar following weak Chinese and US …

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Exclusive: Wall Street revives Russian bond trading after US go-ahead

NEW YORK, Aug 15 (Reuters) – Several major Wall Street banks have begun offering to facilitate trades in Russian debt in recent days, according to bank documents seen by Reuters, giving investors another chance to dispose of assets widely seen in the West as toxic . Most US and European banks had pulled back from …

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Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures bottom PBOC cuts key rates, China data badly miss forecasts Eyes on …

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China unexpectedly cuts 2 key rates, withdraws cash from banking system

Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Register now for FREE unlimited access to Reuters.com register SHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew some cash from …

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