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Search resuls for: "Ankur Banerjee Amanda Cooper"


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☆ Stocks and oil rally as China hints at COVID respite
  + stars: | 2022-11-04 | by ( Ankur Banerjee Amanda Cooper | Ankur Banerjee | Amanda Cooper | ) www.reuters.com   time to read: +4 min
LONDON/SINGAPORE, Nov 4 (Reuters) - Global stocks rose on Friday for the first time in three days ahead of key U.S. jobs data, as investors took heart from reports China may relax its COVID rules, boosting major currencies against the dollar and prompting a 2% rally in oil. The Hang Seng (.HSI) rose 5.4%, bringing gains for the week to 8.75%, its strongest weekly performance in a decade. This has been one of the factors that has enabled the Fed to relentlessly raise interest rates to tame inflation. In commodities, oil bounced, fuelled by hopes for a relaxation of zero-COVID rules in China, which is home to some of the world's biggest energy consumers. Brent crude rose 3% to $97.66 a barrel, while U.S. crude gained 3.5% to trade at $91.26 a barrel.
☆ Stocks and oil rally on reports of China COVID respite
  + stars: | 2022-11-04 | by ( Ankur Banerjee Amanda Cooper | Ankur Banerjee | Amanda Cooper | ) www.reuters.com   time to read: +4 min
LONDON/SINGAPORE, Nov 4 (Reuters) - Global stocks rose on Friday for the first time in three days ahead of key U.S. jobs data, as investors took heart from reports China may relax its COVID rules, boosting major currencies against the dollar and prompting a 2% rally in oil. The Hang Seng (.HSI) rose 5.4%, bringing gains for the week to 8.75%, its strongest weekly performance in a decade. This has been one of the factors that has enabled the Fed to relentlessly raise interest rates to tame inflation. In commodities, oil bounced, fuelled by hopes for a relaxation of zero-COVID rules in China, which is home to some of the world's biggest energy consumers. Brent crude rose 2% to $96.96 a barrel, while U.S. crude gained 2.8% to trade at $90.63 a barrel.
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