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☆ NBA roundup: Short-handed Warriors cap 0-5 trip
▼ + stars: | 2022-11-05 | by ( ) www.reuters.com time to read: +9 min

Jusuf Nurkic recorded 14 points and eight rebounds, and Justise Winslow had 12 points, nine rebounds and nine assists. Nic Claxton recorded 18 points and nine rebounds while Cam Thomas contributed 17 points and six assists off the bench. Anthony Edwards led Minnesota with 24 points, while Karl-Anthony Towns had 22 points, 11 rebounds and five assists. RJ Barrett finished with 22 points and nine rebounds while Cam Reddish added 11 points off the bench. Kelly Oubre Jr. led the Hornets with 17 points, while James Bouknight had a season-high 14 points.

☆ Nikola Jokic makes NBA history with 79th triple-double of his career
▼ + stars: | 2022-11-04 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

CNN —Nikola Jokic broke new ground on Thursday as he recorded yet another triple-double in the Denver Nuggets’ 122-110 win over the Oklahoma City Thunder. The back-to-back MVP scored 15 points with 13 rebounds and 13 assists to overtake Wilt Chamberlain for the most triple-doubles ever recorded by a center. Now on 79 for his career, Jokic sits sixth in the all-time list behind LeBron James, Jason Kidd, Magic Johnson, Oscar Robertson and Russell Westbrook. Jamal Murray also added 24 points for the Nuggets, who bounced back from defeat against the LA Lakers. We didn’t panic.”The Nuggets will host San Antonio Spurs on Saturday in its next game with Jokic chasing down James, who sits fifth in the all-time triple-double list on 105.

SINGAPORE/HONG KONG, Nov 4 (Reuters) - Chinese stocks soared and the yuan jumped on Friday, setting Hong Kong's Hang Seng on course for its best week in a decade, on hopes for twin relief in U.S.-China tension and COVID rules. The Hang Seng (.HSI) surged either side of the midday break and was last up 7%, and heading for a weekly gain of more than 10% for the first time since November 2011. The Shanghai Composite (.SSEC) rose 2.7% and was headed for a 5.6% weekly gain, the largest in more than two years. The Hang Seng Tech index (.HSTECH) rose 8%. The yuan rose about 0.9% to 7.2410 per dollar, despite broad dollar gains elsewhere.

The Hang Seng (.HSI) surged 5.3% and notched its biggest weekly gain in 11 years. Shares in online giants Alibaba (9988.HK) and JD.com (9618.HK) each rose more than 10% and the Hang Seng Tech index (.HSTECH) rose 7.5%. However the Hang Seng remains down 30% this year against a 24% fall in world stocks (.MIWD00000PUS). China stocks market capBUY THE RUMOURChanges to COVID policies have not been officially flagged. Yet markets have desperate reasons to rally after the Hang Seng hit a 13-year low last month in the wake of China's Communist Party Congress.

☆ Take Five: No time to COP out
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +5 min

Meanwhile, China will release a deluge of data as markets try to read the runes on how Beijing might shape its COVID policy in future. Investors will once again be looking for signs that price pressures are slowing after a barrage of rate hikes. Australia's central bank has already slowed the pace of its rate hikes and delivered a mere 25 bps hike on Tuesday. Data and central bank comments in days ahead will remain under scrutiny. The much-hoped for dovish pivot remains elusive and battered world markets may have to settle for more but less for now.

☆ Dollar gains as traders gird for higher U.S. rates
▼ + stars: | 2022-11-03 | by ( Tom Westbrook | ) www.reuters.com time to read: +3 min

The dollar initially fell on hints in the Fed's statement of smaller hikes ahead, but it was bid after Powell's hawkish stance about the trajectory rates. The Australian dollar fell 0.7% overnight and slipped further to a week-low of $0.6332 on Thursday. "This shall further embolden expectations of policy divergence with a much hawkish Fed relative to other central banks around the world. Japan's yen was notably firm in the face of dollar gains, and has held at 147.90 per dollar, prompting speculation of possible help from official intervention. China's yuan was hovering near record lows in offshore trade at 7.3408 per dollar, and other Asian currencies were under pressure.

☆ Dollar, bond yields rise ahead of pivotal rate hikes
▼ + stars: | 2022-10-31 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

Combined with news that Italy's economy grew far more strongly than expected in the third quarter, euro zone bond yields moved higher EUR/GVD although the euro succumbed to another bout of U.S. dollar strength. /FRX"A lot of data is coming out this week and lot of central banks are meeting," said Societe Generale strategist Kit Juckes. Palm oil futures rose nearly 5%. In the oil markets, Brent crude futures fell 1% to $94.65 a barrel, while spot gold was fractionally lower at $1,637 an ounce in the precious metals markets. Additional reporting by Tom Westbrook in Singapore; Editing by Kirsten Donovan and Angus MacSwanOur Standards: The Thomson Reuters Trust Principles.

☆ Stocks splutter, euro falls ahead of euro zone inflation data
▼ + stars: | 2022-10-31 | by ( Marc Jones | ) www.reuters.com time to read: +6 min

,Euro zone October inflation numbers due shortly are seen hitting a fresh record of 10.2% year on year, in what will make for more uncomfortable reading for the European Central Bank, which is targeting 2% price growth. Combined with news that Italy's economy grew far more strongly than expected in the third quarter, euro zone bond yields moved higher EUR/GVD although the euro succumbed to another bout of U.S. dollar strength. /FRX"A lot of data is coming out this week and lot of central banks are meeting," said Societe Generale strategist Kit Juckes. We are now waiting for euro zone GDP and CPI. S&P 500 futures fell 0.2%, while Germany's 10-year government bond yield, the benchmark for the euro area, was up 5.5 basis points (bps) to 2.143%.

☆ Stocks rally wobbles as Fed hike draws near
▼ + stars: | 2022-10-31 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

MSCI's broadest index of Asia-Pacific shares outside Japan rose 1%, though China stocks were held flat by disappointing economic data. The index is down ten months in a row and near two-year lows, rattled by growth and interest-rate hike fears. The mixed performance follows an erratic earnings season on Wall Street and bond and currency markets tempering some wagers on a change in tone from the Fed. S&P 500 futures fell 0.2%, while European futures rose 0.4%. Palm oil futures rose nearly 5%.

☆ Asia stocks creep higher on hopes Fed will tone down hikes
▼ + stars: | 2022-10-31 | by ( Tom Westbrook | ) www.reuters.com time to read: +4 min

But China stocks fell following weak economic data, and the MSCI index is set for a tenth consecutive monthly loss. The performance follows a Friday rally on Wall Street but comes with bond and currency markets tempering some wagers on a change in tone from the Fed. S&P 500 futures fell 0.2%. Corn futures rose 2%. Rates and Fed funds futures traders have now tempered initial optimism and see the funds rate hitting near 5% by May next year.

☆ NBA roundup: LeBron James, Anthony Davis lead Lakers to first win
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: +6 min

Rookie Jaden Ivey added 15 points in the Pistons' first win since opening night. Stephen Curry topped Golden State with 32 points and Jordan Poole had 30 points. Doncic recorded his sixth consecutive outing of at least 30 points after making 17 of 26 shots from the floor. The Spurs were up by 15 points heading into the fourth quarter before Minnesota pulled to within three early in the period. Keita Bates-Diop scored 18 points for San Antonio, while Tre Jones hit for 10 and Jakob Poeltl grabbed a game-high 14 rebounds.

☆ LeBron James stars as the LA Lakers ends its miserable start to the new season
▼ + stars: | 2022-10-31 | by ( Ben Church | ) edition.cnn.com time to read: +2 min

The Los Angeles Lakers won their first game of the new NBA season after beating the Denver Nuggets 121-110 on Sunday. The win, inspired by top scoring performances from LeBron James and Anthony Davis, ends a disappointing run of five consecutive defeats. The Lakers showed a unity which has been missing so far this season. “It’s day by day,” Davis said on his recovery. “I love seeing my teammates flourish, honestly,” Westbrook told reporters after his impressive performance.

☆ LeBron James makes history but Lakers’ nightmare start to season continues
▼ + stars: | 2022-10-29 | by ( Aimee Lewis | ) edition.cnn.com time to read: +1 min

CNN —LeBron James made history on Friday but could do little to stop the LA Lakers’ nightmare start to the season from continuing. A mark of his greatness is that the four-time MVP has never averaged fewer than 20 points in a season since being drafted in 2003. David Berding/Getty ImagesThe Lakers remain winless, however, matching their worst start to a season in 65 years after falling to 0-5 following Friday’s 111-102 loss to the Minneapolis Timberwolves. Russell Westbrook came off the bench for the Lakers to score 18 points, eight rebounds and three assists. Couple possessions here, couple possessions there didn’t go our way, but just keep hammering on.”

☆ What people are saying about Elon Musk's purchase of Twitter
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

Oct 28 (Reuters) - U.S. billionaire Elon Musk became Twitter Inc's (TWTR.N) owner on Thursday, firing top executives and providing little clarity over how he will achieve the lofty ambitions he has outlined for the influential social media platform. BIZ STONE, CO-FOUNDER, TWITTER:"Thank you to @paraga, @vijaya and @nedsegal for the collective contribution to Twitter. Massive talents, all, and beautiful humans each!," Stone said in a Tweet, referring to sacked Twitter executives Parag Agrawal, Vijaya Gadde and Ned Segal. CHANGPENG ZHAO, FOUNDER, CEO, BINANCE, CO-INVESTOR IN MUSK'S TWITTER DEAL"We're excited to be able to help Elon realize a new vision for Twitter. We aim to play a role in bringing social media and Web3 together in order to broaden the use and adoption of crypto and blockchain technology."

☆ Morning Bid: Closer to fine
▼ + stars: | 2022-10-28 | by ( ) www.reuters.com time to read: +2 min

A look at the day ahead in European and global markets from Tom Westbrook. Having jumped the gun a few times, markets are again pricing in a pivot in monetary policy and might be getting closer to the mark. Bonds are rejoicing at this week's step-down in hiking speed at the Bank of Canada and hints the European Central Bank is getting closer to satisfied with its progress. Ten-year Italian BTPs are eyeing their best week in a decade, with yields down 73 basis points since last Friday's close. Markets now price a peak in the Fed funds rate around 4.8%, after flirting with 5% a week ago.

☆ NBA roundup: Blazers fall to Heat, lose Damian Lillard to injury
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +6 min

The star forward shot 16 of 25, grabbed 14 rebounds, added five assists and also hit 10 of 14 free throws. Bruce Brown scored 18 points, Jamal Murray scored 13 points and Jeff Green scored 10 for the Nuggets. Kentavious Caldwell-Pope also had 13 points before spraining his left ankle on a drive late in the third quarter. John Collins supplied 19 points and 11 rebounds for the Hawks while De'Andre Hunter tossed in 17 points before fouling out. Washington, Kelly Oubre Jr. and reserve Jalen McDaniels all added 17 for the Hornets.

☆ Nuggets vs Lakers: Nikola Jokic leads Denver to win over LA, who falls to 0-4 on the season
▼ + stars: | 2022-10-27 | by ( George Ramsay | ) edition.cnn.com time to read: +2 min

With the game tied at 54-54 at halftime, the Nuggets pulled away in the third quarter of Wednesday’s game as they outscored the Lakers 32-17. “I felt that third quarter was one of our best quarters in a very short season,” Nuggets head coach Mike Malone told reporters after the game. “We got the win, but more importantly, we got the win playing how we need to play,” he added. “We gotta make some shots,” Lakers superstar James said after the game, “Some of it is early season stuff, obviously. The Lakers next play the Minnesota Timberwolves on Friday in a bid to turn their season around, while the Nuggets host the Utah Jazz.

☆ EXCLUSIVE Vietnam may widen dong trading band again to conserve FX reserves - source
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +4 min

HANOI, Oct 26 (Reuters) - Vietnam is preparing to loosen its tight leash on the dong currency, including possibly widening its trading band with the U.S. dollar again, in order to conserve its shrinking currency reserves, a source with direct knowledge of the matter said on Wednesday. The State Bank of Vietnam (SBV) has intervened to defend the currency, although it rarely discloses FX reserves data or the amount of dollars spent. Widening the band, which would allow the market to drive the currency lower without triggering so much FX reserves selling, was one possibility, the source said. Other measures to cushion the dong, without exhausting FX reserves, were also being discussed, he said, without providing further details. The source said the SBV was trying to conserve its dollars as the country's FX reserves had sunk to the International Monetary Fund's recommended level, which is at least three months of imports.

☆ LeBron James’ missed buzzer-beater costs Lakers in loss to Trail Blazers as ‘Dame Dolla’ shines
▼ + stars: | 2022-10-24 | by ( Alasdair Howorth | ) edition.cnn.com time to read: +3 min

CNN —LeBron James missed a buzzer-beater to tie the game as the Los Angeles Lakers lost 106-104 to the Portland Trail Blazers, taking the LA team’s season record to 0-3. Both missed points were immediately punished by a brilliant Damian Lillard, whose three-pointers took the game away from the Lakers. After his step-back three-pointer put the Trail Blazers up by two, James responded with an easy dunk. But he was immediately beaten by Jerami Grant, who turned James and beat Davis with his lay-up to put the Trail Blazers 104-106. From three games, the team is averaging 21.2% from three-point range and hit only six from 33 attempts against the Trail Blazers.

Monthly debt market data shows foreign investors have been net sellers for seven straight months to August as what had been a lucrative yield premium in China vanished as U.S. interest rates soared. GIMME SHELTERAmid foreign investors' exodus, there are signs of locals following as fast as allowable under capital controls that were tightened after the previous season of heavy outflows in 2016. Moving money is also very difficult as COVID-19 curbs on travel add another layer to capital controls. Data from consultancy Education International Cooperation showed a 41.5% jump in queries about study in Hong Kong between January and July, compared with the same period a year earlier. They expect a rush to Hong Kong products when the border between Hong Kong and the mainland reopens.

☆ Analysis: 'Big Shot' new season finds the ball back in John Stamos' court
▼ + stars: | 2022-10-15 | by ( Lisa Respers France | ) edition.cnn.com time to read: +7 min

But thanks to John Stamos, I’m now more of a basketball fan, which leads us into what to watch this week. Three things to watch‘Big Shot’ Season 2(From left) John Stamos as Coach Korn and Sophia Mitri Schloss as Emma Korn are shown in a scene from "Big Shot." “I need to now cut her loose and let her live in the minds and hearts of the fans that have supported her,” Curtis told Entertainment Weekly. “Sharing people’s stories that are not just on a rap sheet will help people get comfortable and understand where someone has come from,” Kardashian told The Hollywood Reporter. “I wasn’t talking about politics,” Elias told CNN.

☆ Sterling drops as UK turmoil escalates; dollar hits new 32-year high vs yen
▼ + stars: | 2022-10-14 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

The dollar, on the other hand, continued its march higher against a beleaguered yen, hitting a fresh 32-year peak of 148.86. Japanese Finance Minister Shunichi Suzuki on Thursday reiterated the government's readiness to take steps against excessive currency volatility. Register now for FREE unlimited access to Reuters.com RegisterJapan last month intervened to buy yen for the first time since 1998. The pound, meanwhile, fell for a second straight day against the dollar, last traded at $1.1167, down 1.4% . U.S. retail sales were unexpectedly unchanged in September as stubbornly high inflation and rapidly rising interest rates crimp demand for goods.

☆ Asia stumbles as China COVID, sterling wobbles shake sentiment
▼ + stars: | 2022-10-12 | by ( Kanupriya Kapoor | ) www.reuters.com time to read: +4 min

Sterling rose 0.4% to $1.1008 in late Asian trade but there are broader concerns about the direction of policy in Britain. In Japan, the rampaging dollar breached 146 yen for the first time in 24 years, prompting authorities in Tokyo to pledge necessary steps in the foreign exchange market if needed. Renewed U.S. dollar strength also sent the risk-sensitive Australian dollar to $0.6247, the lowest since April 2020. U.S. inflation data on Wednesday and Thursday is expected to keep the Fed on an aggressive rate hike path. It was the third straight dip in prices as investors worried about falling fuel demand and tightening COVID-19 curbs in China.

☆ Asian stocks stall, dollar wallops pound and yen
▼ + stars: | 2022-10-12 | by ( Kanupriya Kapoor | ) www.reuters.com time to read: +3 min

SINGAPORE, Oct 12 (Reuters) - Asian stocks wallowed at two-year lows on Wednesday, after a strengthening dollar, instability in the U.K. bond market, and upcoming U.S. inflation data spelled a wild session on Wall Street and further volatility for investors. MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was down 0.87%, while Seoul's KOSPI index (.KS11) fell 0.41% and Australia's resources-heavy index (.AXJO) was up 0.05%. China's CSI300 index (.CSI300) was down 0.96% in early trade and Hong Kong's Hang Seng index fell 1.94%. The British financial turmoil combined with a burst of U.S. dollar strength that sent the sterling to a two-week low of 1.0949, while the risk-sensitive Australian dollar fell to $0.6247, the lowest since April 2020. It was the third straight dip in prices as investors worried about falling fuel demand and tightening COVID-19 curbs in China.

☆ U.S. dollar rises, yen not far from 24-year trough that prompted intervention
▼ + stars: | 2022-10-11 | by ( Gertrude Chavez-Dreyfuss | ) www.reuters.com time to read: +4 min

"I can see it propelling the dollar higher still, even though people think it's a crowded trade. Overall, dollar sentiment remained positive as worries about rising interest rates and geopolitical tensions unsettled investors, while the yen hovered near the level that prompted last month's intervention. In afternoon trading, the U.S. dollar index rose 0.2% to 113.25, not far from a 20-year high of 114.78 it touched late last month. The dollar touched a three-week high against the yen of 145.895 , just shy of the 24-year peak of 145.90 hit before the Japanese government stepped in to prop it up three weeks ago. Meanwhile, the risk-sensitive Australian dollar hit a 2-1/2-year low of $0.6248 and was last down 0.4% at US$0.6270.

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