Chicago corn futures bounced higher on Tuesday, after a U.S. government crop conditions report showed good-to-excellent ratings for corn fell by more than expected, raising concerns about the Midwest crop as it heads toward a key pollination phase of development.
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Samuel Indyk. Global shares were higher on Tuesday while oil prices firmed following China's decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities.
Copper prices slipped on Tuesday
as the dollar rose and recession concerns were back in focus,
but hopes for stronger demand after top consumer China relaxed
its COVID-19 quarantine mandates provided ...
* Graphic: Global asset performance http://tmsnrt.rs/2yaDPgn. * Graphic: World FX rates http://tmsnrt.rs/2egbfVh. By Samuel Indyk. Global shares moved into positive territory on Tuesday while oil prices firmed following China's decision to ease some quarantine requirements for international arrivals that raised hopes for stronger growth and a revival in demand for commodities.
Copper prices rose on Tuesday alongside
a rebound in equities and hopes of more economic stimulus in top
metals consumer China, although lingering recession fears kept
gains in check.
Asian shares swung into positive territory in afternoon trade on Tuesday, propelled by China's decision to ease some quarantine requirements for international arrivals, with Hong Kong stocks particularly supported. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.5%, having spent most of the day in the red.
China will halve to seven days its COVID-19 quarantine period for visitors from overseas, with a further three days spent at home, health authorities said on Tuesday. The change came in the National Health Commission's latest guideline on measures against the disease.
China will roll out tools in its policy reserve in a timely way to cope with more economic challenges, as COVID-19 outbreaks and risks from the Ukraine crisis pose a threat to employment and price stability, a state planner official said on Tuesday.
Japan's Nikkei share average edged lower on Tuesday, slipping from the 27,000 level it touched for the first time in two weeks, dragged by chip stocks and as weakness in China weighed on sentiment. The Nikkei slipped 0.15% to 26,830.69, putting it on course for its first session of losses in four.
-- First Quarter Revenue of $45.1 million, up 59.1% year-over-year -- -- First Quarter GMV of $70.3 million, up 100.3% year-over-year -- Jowell Global Ltd. (JWEL), one of the leading cosmetics, health and nutritional supplements, and household products e-commerce platforms in China, announced on May 25, 2022 its unaudited financial results for the first quarter ended March 31, 2022.
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