Chinas Factory Activity Seen Extending Declines in Sept

BEIJING, Sept 27 Reuters China39;s factory activity likely remained in contraction for the fifth consecutive month in September, as weak domestic demand and rising global trade barriers continue to dog the world39;s secondlargest economy. A Reuters poll of 22 economists estimated the official purchasing managers39; index PMI will come at 49.5, higher than August39;s reading […]
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Pound Rises Versus Dollar and Euro on Strong Risk Appetite

Sept 26 Reuters Sterling rose on Thursday to within striking distance of its twoandahalfyear peak against the dollar after China39;s stimulus plan boosted investors39; risk appetite. The pound usually appreciates when investors go for risky assets such as equities, which jumped on Thursday. Monetary policy divergence between the Bank of England and other major central banks is […]
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South African Rand Edges Up ahead of Local Data Releases

JOHANNESBURG, Sept 26 Reuters South Africa39;s rand edged higher early on Thursday, ahead of the release of a quarterly bulletin by the central bank and monthly producer inflation figures. At 0653 GMT, the rand traded at 17.1975 against the dollar , about 0.5 stronger than its previous close. The South African Reserve Bank SARB will […]
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China Rally Propels STOXX 600 to near Record High

STOXX 600 up 1.2 HM down after it can39;t meet reach its FY earnings margin goal Swiss National Bank cuts rate by 25 bps Sept 26 Reuters European shares jumped on Thursday, buoyed by optimism over fresh stimulus measures from China, while investors awaited remarks from the European Central Bank president. The panEuropean STOXX 600 […]
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Most Major Gulf Markets Gain on China StimulusLed Optimism

Sept 26 Reuters Most major stock markets in the Gulf climbed in early trade on Thursday, in line with Asian shares, supported by news of aggressive economic stimulus from China, although geopolitical tensions in the region limited the upside. China39;s central bank on Tuesday unveiled its biggest stimulus since the pandemic to pull the economy out of […]
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Wall St Strikes Back Against New Yorks Sovereign Debt Bill

LONDONNEW YORK, Sept 26 Reuters Investors in emerging market sovereign bonds, alarmed by efforts to limit their debt restructuring options, are adding clauses to bond deals that would allow them to switch jurisdictions to avoid such curbs. Two recent debt agreements, one pending in Sri Lanka and another agreed last year in Suriname, included clauses that would allow investors […]
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