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Political Uncertainty Hits Frances Services Sector, PMI

PARIS, Dec 4 Reuters Political uncertainty in France hit the country39;s services sector, a monthly survey showed on Wednesday, as risks that Prime Minister Michel Barnier39;s government could collapse weighed on the euro zone39;s secondbiggest economy. The HCOB France services final PMI fell to 46.9 in November from 49.2 in October. Any figure below 50 shows a […]
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US Deepens Sanctions on Irans Shadow Oil Fleet

WASHINGTONSINGAPORE, Reuters The Biden administration on Tuesday ramped up sanctions on Iran, targeting 35 entities and vessels it said carried illicit Iranian petroleum to foreign markets as part of what the U.S. Treasury Department called Tehran39;s shadow fleet. The sanctions build on those imposed on Oct. 11 and come in response to Iran39;s Oct. 1 attack on Israel […]
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Gold Edges Up; Focus on US Jobs Data, Fed Chairs Speech

US ADP employment report due at 1315 GMT Longerterm bullish trend for gold remains intact analyst Spot gold may test support at 2,621 technicals Dec 4 Reuters Gold prices edged up on Wednesday helped by safehaven demand, while markets awaited U.S. jobs data and comments from Federal Reserve Chair Jerome Powell for cues on the […]
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Politics Prove Investors Right on the Korea Discount

Korean stocks, won hit by martial law declaration Political turmoil adds to Korea39;s investment risk premium Foreign investors have withdrawn 14 bln from Korean stocks since August SINGAPORE, Dec 4 Reuters Global investors have always valued South Korea below other markets for reasons ranging from tensions with the North to the tight structures of its […]
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INR Hits Record Closing Low, Forward Premiums Extend Decline

MUMBAI, Dec 4 Reuters The Indian rupee logged its weakest closing level on record on Wednesday, hurt by a lingering deprecation bias and broadbased dollar bids while dollarrupee forward premiums extended their decline. The rupee closed at 84.74 against the U.S. dollar, its lifetime closing low, down from 84.6850 in the previous session. The rupee […]
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