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☆ China expected to keep key lending rates unchanged next week
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

A man wearing a mask walks past the headquarters of the People's Bank of China, the central bank, in Beijing, China, February 3, 2020. In a poll of 26 market watchers, all participants predicted both the one-year LPR and the five-year tenor would stay unchanged. "The changes in LPR are more affected by the MLF rate," Zhou said, expecting the LPR to stay unchanged this month. The PBOC on Wednesday injected 1.45 trillion yuan ($200.12 billion) worth of one-year MLF loans into the banking system but kept the rates on those loans unchanged. Expectations of steady LPR fixings also come as new bank lending in China fell less than expected in October from the previous month.

Persons: Jason Lee, Zhou Maohua, Zhou, Winni Zhou, Wu Fang, Tom Westbrook, Sam Holmes Organizations: People's Bank of China, REUTERS, Rights, China Everbright Bank, Thomson Locations: Beijing, China, Rights SHANGHAI, SINGAPORE, United States, outflows, Shanghai, Singapore

☆ World stocks scale 2-month high boosted by rate cuts bets
▼ + stars: | 2023-11-15 | by ( Danilo Masoni | ) www.reuters.com time to read: +5 min

[1/2] The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, July 20, 2023. The British consumer price index rose by 4.6% in the 12 months to October, slowing from September's 6.7% increase, the Office for National Statistics said. He sees a "more complicated" process ahead, where stock market exuberance eventually collides with bond market expectations that an economic slowdown will drive rate cuts. The dollar index , which measures the currency against a basket of peers, stood at 104.17, not far from Tuesday's two-month low of 103.98. Interest rate futures swung to price in an interest rate cut by the U.S. Federal Reserve as early as May, with a 30% chance it could come even sooner, in March.

Persons: May MILAN, Carlo Franchini, Naka, Russell, Joe Biden, Xi Jinping, Sterling, Danilo Masoni, Tom Westbrook, Alex Richardson Organizations: REUTERS, Staff, Bank of England, Banca Ifigest, National Statistics, CPI, Nasdaq, U.S . Federal Reserve, Bloomberg News, Golden, HSBC, Brent, Thomson Locations: Frankfurt, Germany, United States, Europe, Asia, China, Milan, Ukraine, Italy, France, Tokyo, San Francisco, London, CHINA, Pacific, Japan, Hong Kong, Beijing, Shanghai, Singapore

☆ Morning Bid: UK inflation to test market's upbeat mood
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +3 min

Ten-year and two-year Treasury yields dropped 20 basis points and the dollar marked its steepest selloff in a year, highlighting how much markets' expectations - and cash - were riding on the data. A pivot from hikes to cuts is now priced for May in the interest rate futures markets, with a 30% chance it happens as soon as March. Expectations are for a big shift down for October, mainly due to falling energy prices, with annual headline inflation seen slipping below 5% for the first time since 2021. Chipmaker Infineon (IFXGn.DE) and troubled energy company Siemens Energy (ENR1n.DE) post earnings on Wednesday, although the latter's numbers are likely to be overshadowed by Tuesday's promise of an $8 billion government backstop from Germany. A drop is forecast, while a strong reading could dampen the exuberance over rate cut expectations.

Persons: Kevin Coombs, Tom Westbrook, Sterling, Al, Xi Jinping, Joe Biden, Tuesday's, Biden, Tom Wesbtrook, Edmund Klamann Organizations: REUTERS, U.S, CPI, Infineon, Siemens Energy, Alstom, Target, San Francisco Bay Area, Thomson Locations: London, Britain, East, Israel, Gaza, Al Jazeera, United States, China, Singapore, Germany, San Francisco Bay

☆ Stocks surge, dollar slumps as traders cheer inflation surprise
▼ + stars: | 2023-11-15 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

Overnight the Nasdaq (.IXIC) jumped 2.4%, bonds surged and the dollar slumped more than 1.6% on the euro. Yields fall when bond prices climb. In foreign exchange trade, the dollar suffered its heaviest selling in 12 months, with the sharpest losses against risk-sensitive currencies such as the Australian dollar. In Japan, the Bank of Japan stepped back and pared its regular bond buying as markets rallied. Ten-year Japanese government bond yields hit a one-month low of 0.775%.

Persons: Androniki, Sam Rines, Chetan Seth, Brent Donnelly, Tom Westbrook, Edmund Klamann Organizations: Nikkei, REUTERS, Nasdaq, Federal, CPI, Japan's Nikkei, New Zealand, Nomura, Bank of Japan, Thomson Locations: Tokyo, Japan, SINGAPORE, Asia, Pacific, Texas, U.S, Canada

☆ Nuggets keep Clippers winless in James Harden era
▼ + stars: | 2023-11-15 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/76] Nov 14, 2023; Denver, Colorado, USA; Denver Nuggets guard Jamal Murray (27) warms up before the game against the LA Clippers at Ball Arena. Los Angeles led 102-98 with 3:24 left, but the Nuggets scored seven straight points to go ahead by three with 1:37 left. Los Angeles missed on the other end and Gordon's putback dunk made it 99-98 with 3:47 left. The Nuggets led 60-52 at halftime but the Clippers rallied in the third. Harden gave Los Angeles the lead with two free throws and then made it 84-81 with a 3-pointer with five seconds left.

Persons: Jamal Murray, Ron Chenoy, Nikola Jokic, Aaron Gordon, Reggie Jackson, Michael Porter Jr, Christian Braun, Paul George, James Harden, Kawhi Leonard, Norman Powell, Ivica Zubac, Harden, George, Jackson, Gordon, Leonard, Jokic, Tucker, Kentavious Caldwell, Pope, Westbrook, Porter Organizations: Denver Nuggets, LA Clippers, Ball, Los Angeles Clippers, NBA, Clippers, Los, Nuggets, . Los Angeles, The Nuggets, Thomson Locations: Denver , Colorado, USA, Denver, Los Angeles, Philadelphia

☆ China c.bank boosts liquidity injection through policy loan, rate unchanged
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +4 min

A gardener works outside the headquarters of the central bank of the People's Republic of China in Beijing October 8, 2008. REUTERS/Jason Lee (CHINA) Acquire Licensing RightsSHANGHAI/SINGAPORE, Nov 15 (Reuters) - China's central bank ramped up liquidity injection but kept the interest rate unchanged when rolling over maturing medium-term policy loans on Wednesday, matching market expectations. The central bank said the loan operation was meant to maintain banking system liquidity reasonably ample to counteract short-term factors including tax payments and government bond issuance. All 31 market watchers polled by Reuters this week had expected the central bank to inject fresh funds to exceed the maturity. The most likely outcome is for PBOC to inject more support through open market operations, while leaving the MLF rate unchanged."

Persons: Jason Lee, Carlos Casanova, corporates, Xing Zhaopeng, Winni Zhou, Tom Westbrook, Christian Schmollinger, Stephen Coates Organizations: REUTERS, Rights, People's Bank of China, Reuters, AAA, ANZ, Thomson Locations: People's Republic of China, Beijing, China, CHINA, Rights SHANGHAI, SINGAPORE, Asia, UBP, United States

In the decades-long effort to resolve the conflict between Israelis and Palestinians, it has seemed to many like the least flawed among many imperfect ideas: the two-state solution. It would create an independent Palestinian state, made up of Gaza and the West Bank, that would exist alongside Israel. The goal has become official policy of most governments around the world and has been the basis for peace talks for years. That said, some faith in the idea somehow persists, even amid the worst fighting in the history of the conflict. In recent days, President Biden and his counterparts in Britain, France and elsewhere have newly championed the two-state solution as the best path toward peace.

Persons: Biden, — Organizations: West Bank Locations: Gaza, Israel, Britain, France

☆ Euro finds footing on hawkish policy remarks, lower energy prices
▼ + stars: | 2023-11-09 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

U.S. Dollar and Euro banknotes are seen in this illustration taken July 17, 2022. The Australian dollar fell 0.5% overnight and was last at $0.6405, just above its 50-day moving average. It seems set for its largest weekly fall since June, as the central bank appeared to raise the bar for further hikes after lifting rates on Tuesday. In Asia, China's yuan touched a two-month high in overnight offshore trade. China's consumer prices fell in October, data showed on Thursday, stoking expectations for lower interest rates.

Persons: Dado Ruvic, Gabriel Makhlouf, Joachim Nagel, Jane Foley, Mario Draghi, Brent, Ping, Michael Wan, Jerome Powell, Tom Westbrook, Christian Schmollinger Organizations: REUTERS, Central Bank's, Bank of Japan, Rabobank, Treasury, New Zealand, Canadian, Italian, ECB, Financial, Reuters, Ping An Insurance Group, HK, MUFG, Bank of Israel, Thomson Locations: SINGAPORE, Ireland's, U.S, Asia, Europe, Singapore, East, Gaza City

To studio executives who negotiated with the SAG-AFTRA president, the former star of "The Nanny" prolonged a strike while she relished her high-profile role. As president of the 160,000-member SAG-AFTRA union, Drescher won widespread praise from performers for her tenacity in fighting for better wages and protections against the rising threat of artificial intelligence technology. Drescher framed her actions as part of a broader labor movement battling Corporate America, where, in her view, executives place Wall Street's approval and their own compensation ahead of the welfare of workers. Studio executives, who declined to criticize Drescher publicly to avoid inflaming labor talks, said the 66-year-old Drescher delivered similar unvarnished critiques to industry leaders during closed-door negotiations. "Her interest as the union president is to see all performers, from background to the top 2%, succeed in a vibrant industry for the next century and beyond."

Persons: Fran Drescher, Duncan Crabtree, Fran Fine, Drescher, Kate Bond, Jill Morgan, AFTRA, Wall, Norma Rae, Ivy Kagan Bierman, Loeb & Loeb, Shari Belafonte, Belafonte, Bob Iger, Ted Sarandos, Kimberly Westbrook, Fran, Westbrook, Justine Bateman, Alex Plank, Bobby Cannavale, Robert De Niro, Ezra, She's, Plank, Dawn Chmielewski, Lisa Richwine, Mary Milliken, Rosalba O'Brien, Gerry Doyle Organizations: SAG, Writers Guild of America, Hollywood, Netflix, Broadway, CBS, Corporate America, Loeb &, NBC, Walt Disney, Amazon Studios, Thomson Locations: Los Angeles , California, U.S, ANGELES, Queens, Ireland

☆ Lonnie Walker IV comes to Net's rescue, downs Clippers
▼ + stars: | 2023-11-09 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/40] Nov 8, 2023; Brooklyn, New York, USA; LA Clippers forward Kawhi Leonard (2) warms up prior to the game against the Brooklyn Nets at Barclays Center. Walker stepped for the Nets after Cam Thomas was lost for the final 20:33 due to a sprained left ankle. Despite Walker's best night since joining the Nets as a free agent, Brooklyn sweated out the final minutes. Thomas added 14 points before exiting when he collided with Los Angeles forward P.J. Consecutive hoops by Walker and Sharpe pushed Brooklyn's lead to 89-78 with 6:42, resulting in a Los Angeles timeout before Bridges made it a 10-point game.

Persons: Kawhi Leonard, Wendell Cruz, Lonnie Walker IV, James Harden, Walker, Cam Thomas, Mikal Bridges, Los Angeles, Spencer Dinwiddie, Royce O'Neale, Thomas, P.J . Tucker, Dorian Finney, Smith, O'Neale, Day'Ron Sharpe, Bridges, Ben Simmons, Paul George, Leonard, Russell Westbrook, Harden, Sharpe, Brooklyn's Organizations: LA Clippers, Brooklyn Nets, Barclays Center, Los Angeles Clippers, Nets, Los, Milwaukee Bucks, Clippers, Brooklyn, Thomson Locations: Brooklyn , New York, USA, New York, Brooklyn, Los, Los Angeles, Philadelphia

☆ Saudi Arabia says will host Arab and Islamic summits to discuss Gaza conflict
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +1 min

Saudi Arabia's Minister of Investment Khalid Al Falih gestures during the opening session of the Future Investment Initiative Conference in Riyadh, Saudi Arabia, October 26, 2021. REUTERS/Ahmed Yosri/File Photo Acquire Licensing RightsSINGAPORE, Nov 8 (Reuters) - Saudi Arabia will host summits of Arab and Islamic nations in coming days to discuss the Israeli-Palestinian conflict, Saudi Arabia's investment minister said on Wednesday. "We will see, this week, in the next few days Saudi Arabia convening an emergency Arab summit in Riyadh," said Saudi investment minister Khalid Al-Falih, at the Bloomberg New Economy Forum in Singapore. "In a few days you will see Saudi Arabia convening an Islamic summit," he said. Falih also said Saudi Arabia would convene a summit with African nations, without specifying a date.

Persons: Investment Khalid Al Falih, Ahmed Yosri, Khalid Al, Ebrahim Raisi, Falih, Tom Westbrook, Maha El, Shri Navaratnam Organizations: Saudi, Investment, Future Investment Initiative, REUTERS, Rights, Bloomberg, Economy, of Islamic, Thomson Locations: Riyadh, Saudi Arabia, Rights SINGAPORE, Saudi, Singapore, of Islamic Cooperation, Iranian, Tehran, China, Maha El Dahan, Dubai

☆ Ping An loses $2.1 billion in market value, China property rallies on Country Garden rescue report
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +2 min

Company logo of Ping An Insurance Group is shown at a news conference following the company's announcement of its annual results in Hong Kong, China March 16, 2016. Ping An's Hong Kong-listed shares tumbled 5.4%, their sharpest daily fall in more than a year, wiping out almost $2.1 billion in market capitalisation. "Such a move should mitigate or control the risks in the market," said Lu Wenxi, analyst at property agency Centaline. "This move is a big boost to market confidence, because now the whole real estate market, especially some major real estate enterprises are under pretty big pressure, and their bankruptcy risks triggering a chain reaction." Reporting by Anne Marie Roantree in Hong Kong.

Persons: Bobby Yip, Ping, Lu Wenxi, Anne Marie Roantree, Tom Westbrook, Edmund Klamann, Kim Coghill Organizations: Ping An Insurance, REUTERS, Ping, Ping An Insurance Group, Reuters, HK, Ping An, China, Sunac China Holdings, Wanda, Thomson Locations: Hong Kong, China, HONG KONG, Singapore

[1/2] FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. MSCI's gauge of global stock performance (.MIWD00000PUS) shed 0.05%, while the pan-European STOXX 600 index (.STOXX) lost 0.06%. Against a basket of currencies, the dollar index rose 0.332% to 105.61, with the euro down 0.31% to $1.0682. Treasury yields slid, having unwound some of their rally last week after the Fed left rates unchanged following a policy meeting. The two-year's yield, which reflects interest rate expectations, fell 1.3 basis points to 4.928%, while the 10-year slipped 7.5 basis points at 4.587%.

Persons: Toby Melville, Jerome Powell, Neel Kashkari, Austan Goolsbee, Rick Meckler, we've, Michael Hewson, Brent, Tom Wilson, Tom Westbrook, Ankur Banerjee, Lincoln, Kim Coghill, Christina Fincher, Jonathan Oatis Organizations: London Stock Exchange Group, City of, REUTERS, NEW, Federal Reserve, Minneapolis, Chicago, Cherry Lane Investments, Dow Jones, Nasdaq, Reserve Bank of Australia, Treasury, Fed, CMC, Thomson Locations: City, City of London, Britain, China, Saudi Arabia, Russia, Europe, U.S, New Vernon , New Jersey, Asia, Pacific, Japan, London, Singapore

The MSCI world equity index (.MIWD00000PUS), which tracks shares in 47 countries, fell 0.4%. Earlier, MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) slipped 1.2%, snapping three straight days of gains. Hong Kong's Hang Seng (.HSI) fell 1.7%, while mainland China blue chips (.CSI300) fell 0.4%. The index fell 1.3% last week, its steepest decline since mid-July, part of the wider risk-on mood in markets. The euro slipped 0.4% to $1.067, down from an eight-week peak of $1.0756 hit on Monday.

Persons: Toby Melville, Michael Hewson, Nicholas Chia, HSI, Tom Wilson, Tom Westbrook, Ankur Banerjee, Lincoln, Kim Coghill, Christina Fincher Organizations: London Stock Exchange Group, City of, REUTERS, Nasdaq, CMC, Standard Chartered, Fed, Reserve Bank of Australia, Brent, Thomson Locations: City, City of London, Britain, U.S, Asia, Pacific, Japan, China, Saudi Arabia, Russia, London, Singapore

☆ Asia stocks snap winning streak, await RBA
▼ + stars: | 2023-11-07 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

REUTERS/Kim Kyung-Hoon/File Photo Acquire Licensing RightsSINGAPORE, Nov 7 (Reuters) - Asian stocks snapped a three-day winning streak on Tuesday, slipping as the bond market's rally paused and investors reined in enthusiasm about a possible peak in global interest rates. Focus is on whether Australia's central bank turns odd man out and raises rates, with a policy decision due at 0330 GMT. Overnight the dollar had rallied with a rise in U.S. Treasury yields, leaving the Australian dollar under gentle pressure at $0.6495 in morning trade in Asia. Aussie government bond futures fell slightly and the ASX200 (.AXJO), which had gained five sessions in a row, slipped 0.4%. Ten year yields rose 10 bps on Monday, but had fallen almost 30 bps last week.

Persons: Kim Kyung, Ben Bennett, Alan Ruskin, George Saravelos, Commonwealth Bank analyst Carol Kong, Gold, bitcoin, Ankur Banerjee Organizations: Tokyo Stock Exchange, REUTERS, Rights, Reserve Bank of Australia, Treasury, Japan's Nikkei, U.S . Federal Reserve, Nasdaq, Legal, General Investment Management, U.S, Deutsche Bank, Commonwealth Bank analyst, Brent, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, U.S, Asia, Pacific, Taiwan, East, Russia, Australia, Saudi Arabia, Singapore

☆ Asia stocks snap winning streak, Aussie slips
▼ + stars: | 2023-11-07 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) fell 1.2% following a three-day rally that lifted the benchmark by nearly 6%. South Korean shares (.KS11) fell 3% as traders unwound some of Monday's surge on the reimposition of a short-selling ban. Treasuries were broadly steady in Asia, having unwound a little of last week's rally on Monday. Ten-year yields hovered at 4.92% - about 10 basis points above where they closed on Friday, but below where they were a week earlier. "It was a dovish hike...it's not pointing to any immediate need for a follow-up," said RBC Capital Markets rates strategist Rob Thompson on the phone from Sydney.

Persons: Kim Kyung, Nicholas Chia, it's, Rob Thompson, Alan Ruskin, George Saravelos, Gold, bitcoin, Ankur Banerjee, Lincoln Organizations: Tokyo Stock Exchange, REUTERS, Rights, Reserve Bank of Australia, South, Japan's Nikkei, Shanghai, Nasdaq, Standard Chartered, Fed, Capital Markets, U.S, Deutsche Bank, Brent, Thomson Locations: Tokyo, Japan, Rights SINGAPORE, Australia, Asia, Pacific, Sydney, Taiwan, East, Russia, Saudi Arabia, Singapore

☆ EUROPE Australia hikes but tempers its outlook
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +3 min

Two women walk next to the Reserve Bank of Australia headquarters in central Sydney, Australia February 6, 2018. The Aussie dollar fell more than 0.8% and Australian government bonds rallied because the 25 basis point hike by the Reserve Bank of Australia came with a softening of language on whether further hikes would be needed. It was an otherwise quiet session in the absence of major updates that might have consequences for the interest rate outlook. Last week's chaos in Chinese money markets has subsided but it left behind a glimpse of financial pressures beneath the surface and the challenges around China's uneven recovery from the COVID-19 pandemic. British house prices, German industrial output and European producer prices are due later on Tuesday, as are earnings from UBS (UBSG.S).

Persons: Daniel Munoz, Tom Westbrook, Read, SoftBank, Benjamin Netanyahu, Fed's Waller, Logan, Schmid, ECB's de, Edmund Klamann Organizations: Reserve Bank of Australia, REUTERS, Bond, South, Read Reuters, UBS, 163rd Melbourne, NY, Thomson Locations: Sydney, Australia, Asia, Japan, British, Gaza

NEW YORK (AP) — James Harden “definitely” plans to make his Los Angeles Clippers debut on Monday night at Madison Square Garden. Harden joined the Clippers last week after finally getting the trade he sought from the Philadelphia 76ers since the summer. He spent recent days watching film of the Clippers and participating in some 5-on-5 workouts with his new teammates. “It’s a game by game, step by step and I think we’re building to be really good in the postseason,” Harden said. “So obviously there’s going to be good times, some bad times in the NBA season, which I think every team goes through that.

Persons: — James Harden “, Harden, He's, Kobe Bryant, Joel Embiid, Leonard, Paul George, Russell Westbrook, Tyronn Lue, Westbrook, ” Harden, it’s, we’re, ” Organizations: Los Angeles Clippers, Madison, NBA, Clippers, Philadelphia 76ers, New York Knicks, Houston, 76ers Locations: Madison, Kobe

☆ Exclusive: China's clashing priorities behind rare money market distress
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +7 min

"Banks were grudging in lending, leaving non-banks asking each other for money in afternoon trade," he said. The reasons for the spike in interest rates and the ensuing market chaos are detailed here for the first time. They affect foreign exchange movements since the markets are the major avenue for the supply of money. The money market operator CFETS told traders to keep a 5% ceiling on repo transactions and said anyone involved in high-rate deals closed on Oct. 31 would need to explain themselves to regulators, according to sources who received the notice. "If the pattern of money supply and liquidity provision remains unchanged, the whole system remains fragile.

Persons: Xia Chun, Banks, outflows, CFETS, Tom Westbrook, Vidya Ranganathan, Raju Gopalakrishnan Organizations: People's Bank of China, China Foreign Exchange Trade, Yintech Investment Holdings, Reuters, China Everbright Bank, Co, China Central Depository, Shanghai Clearing House, Shanghai, Thomson Locations: SHANGHAI, SINGAPORE, Beijing, Shanghai, China

☆ Take Five: You (may) have arrived at your destination
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +5 min

No wonder markets see a 70% chance that the Fed's brutal 20-month tightening cycle is over and that rate cuts could begin as soon as June. So watch closely to see if the top central bankers push back against the cut chatter until inflation is truly tamed. Shekel, gold, oil response to the war5/RACE DAY RATE HIKEThe famous Melbourne Cup horse race runs on Tuesday, but some of the shortest odds are on an Aussie central bank rate hike over in Sydney that day. Three-year and 10-year Australian government bond yields have hit their highest since 2011, though backed off slightly on the Fed's hold. The Australian dollar has also rallied strongly against its New Zealand counterpart as rate expectations diverge.

Persons: Marc Jones, Dhara, Kevin Buckland, Tom Westbrook, Lewis Krauskopf, BoE, Horton, Walt Disney, Mittal, shekel, Antony Blinken, Jordan, Luci Ellis, Kripa Jayaram, Riddhima Talwani, Gareth Jones Organizations: Federal Reserve, Fed, ECB, FX, Bank of Japan, Reuters, eBay, Nvidia, UBS, ABN Amro, Allianz, Friday, U.S, Melbourne Cup, Westpac, New Zealand, Thomson Locations: Australia, Gaza, Here's, London, Tokyo, Singapore, New York, Britain, U.S, Europe, Commerzbank, Israel, Gaza City, Iran, Sydney

☆ LeBron James’ big night carries Lakers past Clippers in overtime as James Harden trade is made official
▼ + stars: | 2023-11-02 | by ( Ben Morse | ) edition.cnn.com time to read: +3 min

For the shorthanded Lakers – missing five key contributors through injury – James filled out the box score as his squad ended its 11-game losing streak against the Clippers. The exclamation point of the impressive performance came in overtime when James emphatically converted an alley-oop from Austin Reeves to effectively seal the victory. In an encounter in which the Clippers had led for the majority of play, James took over late in the day. But in the additional five minutes, Reaves scored seven of his 15 on the night as the Lakers were able to grab an important victory. New Clipper James Harden looks on from the bench during the first quarter against the Lakers.

Persons: LeBron James ’, James, Anthony Davis, D’Angelo Russell, – James, Austin Reeves, James ’, Bronny, he’s, Reeves, ” James, Johnson, Kareem, Abdul, Jabbar, Kawhi Leonard, Paul George, Leonard, George, James wowed, Reaves, New Clipper James Harden, Katelyn Mulcahy, James Harden, Russell Westbrook – Organizations: CNN, NBA, Lakers, Clippers, Lakers –, Showtime, New Clipper, Philadelphia 76ers, Oklahoma City Thunder, Houston Rockets Locations: Angeles

LOS ANGELES (AP) — LeBron James had 35 points and 11 rebounds, Austin Reaves scored seven of his 15 points in overtime and the Los Angeles Lakers snapped an 11-game losing streak against the Los Angeles Clippers with a 130-125 victory Wednesday night. D'Angelo Russell scored 27 points and Anthony Davis had 27 points and 10 rebounds for the short-handed Lakers, who beat their local rivals for the first time since July 2020 in the Florida bubble. The 17-time NBA champion Lakers hadn’t beaten the Clippers on the Lakers' home court at their shared arena since Christmas 2016, also losing 11 in a row. “It’s just been a process this year of us figuring each other out as a group,” Lakers coach Darvin Ham said." Leonard scored a career-high 18 points in the first quarter, hitting seven of his eight shots with four 3-pointers.

Persons: LeBron James, Austin Reaves, D'Angelo Russell, Anthony Davis, Lakers hadn’t, ” Reaves, ”, James Harden, Kawhi Leonard, Paul George, “, Tyronn Lue, George, Russell, Reaves, Leonard, James, Russell Westbrook, Christian Wood, Westbrook, “ It’s, Darvin Ham, P.J, Tucker, Harden, ” Lue, They’re, Jarred Vanderbilt, Rui Hachimura, Gabe Vincent, Jalen Hood, Prince, Hachimura, ” Leonard, “ They’re, ” George, ___ Organizations: ANGELES, Los Angeles Lakers, Los Angeles Clippers, Lakers, NBA, Clippers, ” Clippers, Sacramento, ” Lakers, Philadelphia, Los, Southern, NEXT Clippers, New York, Monday, Orlando Locations: Florida, Los Angeles, Southern California, warmups, New

☆ Paul George heats up as Clippers cruise past Magic
▼ + stars: | 2023-11-01 | by ( Field Level Media | ) www.reuters.com time to read: +2 min

[1/95] Oct 31, 2023; Los Angeles, California, USA; Los Angeles Clippers center Ivica Zubac (40) shoots against Orlando Magic center Wendell Carter Jr. (34) during the first half at Crypto.com Arena. However, he made four 3-pointers and scored 14 points in the third quarter as Los Angeles gained control. Westbrook scored 16 points in a period that saw the Clippers outscore the Magic 41-21. Los Angeles moved ahead for good on George's basket with 6:43 to go in the third. Westbrook later made four straight Los Angeles baskets to move the advantage to 79-64.

Persons: Ivica Zubac, Wendell Carter Jr, Gary A, Vasquez, Paul George, Russell Westbrook, Bones Hyland, Norman Powell, Kawhi Leonard, Paolo Banchero, Franz Wagner, Moritz Wagner, Markelle Fultz, Jalen Suggs, Cole Anthony, George, Westbrook, James Harden, Harden, Leonard Organizations: Los Angeles Clippers, Orlando Magic, Crypto.com, Los, Orlando, Clippers, The Clippers, Philadelphia 76ers, Thomson Locations: Los Angeles , California, USA, Los Angeles, Angeles

☆ NBA roundup: Spurs complete wild comeback vs. Suns
▼ + stars: | 2023-11-01 | by ( ) www.reuters.com time to read: +2 min

[1/5] Oct 31, 2023; Phoenix, Arizona, USA; Phoenix Suns forward Kevin Durant #35 guards San Antonio Spurs center Victor Wembanyama #1 during the second half at Footprint Center. San Antonio did not relent, with a jumper by rookie phenom Victor Wembanyama cutting its deficit to 114-111 with 49 seconds left. Johnson led the Spurs with 27 points while Wembanyama and Devin Vassell each added 18. Zach Collins scored 14 points and Tre Jones had 10 as San Antonio won for the first time on the road. Jalen Brunson also scored 19 points, and RJ Barrett scored 16 points.

Persons: Kevin Durant, Victor Wembanyama, Zachary BonDurant, Keldon Johnson, phenom Victor Wembanyama, Johnson, Devin Vassell, Zach Collins, Tre Jones, San Antonio, Eric Gordon, Grayson Allen, Jusuf Nurkic, Julius Randle, Randle, Jalen Brunson, RJ Barrett, Donovan Mitchell, Darius Garland, Caris LeVert, Jarrett Allen, Garland, LeVert, Allen, Paul George, George, Russell Westbrook, Paolo Banchero, Franz Wagner, Moritz Wagner Organizations: Phoenix Suns, San Antonio Spurs, Footprint Center, Suns, Spurs, San, Knicks, Cavaliers, Cleveland, Clippers, Orlando, Thomson Locations: Phoenix , Arizona, USA, Antonio, New York, Los Angeles, Angeles

☆ Awaiting James Harden, Clippers square off with Lakers
▼ + stars: | 2023-11-01 | by ( Field Level Media | ) www.reuters.com time to read: +3 min

November 1 - While the Los Angeles Lakers are, without question, the most popular NBA team in Southern California, the Los Angeles Clippers continue to develop into the homegrown squad. With the Lakers set to play host, the team's 12 championship banners from their Los Angeles tenure will hang over the proceedings -- the titles earning fans from multiple generations. The Clippers, though, are an assemblage of local talent, with the pending trade for 10-time All-Star James Harden only adding to that collection. Harden, a product of Artesia High School in nearby Lakewood, Calif., joins three other All-Stars from the Los Angeles area: Kawhi Leonard, Paul George and Russell Westbrook. Despite the Lakers' pedigree, the Clippers have gotten the most from the teams' recent matchups.

Persons: Star James Harden, Harden, Kawhi Leonard, Paul George, Russell Westbrook, Norman Powell, Harden's, Tyronn Lue, Lue, that's, Westbrook, D'Angelo Russell, Russell's, Anthony Davis, LeBron James, he's, Darvin Ham, Russell, He's, Davis, Christian Wood, James, Rui Hachimura Organizations: Los Angeles Lakers, NBA, Los Angeles Clippers, Lakers, Los, The Clippers, Star, Artesia High School, Clippers, Orlando Magic, Thomson Locations: Southern California, Los Angeles, Artesia, Lakewood, Calif, San Diego

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