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  • India says cyclone Burevi weakens after bringing rain to south

    • BY Reuters|
    • 12:27 AM ET 12/04/2020

    A cyclone that brought heavy rain to parts of southern India and neighbouring Sri Lanka has weakened into a "practically stationary" deep depression, India's weather office said on Friday. It was not immediately clear how much damage the rains caused in the Indian state of Tamil Nadu, which had declared a government holiday in some areas and urged people to stay at home ahead of the cyclone.

  • FOREX-Euro bursts through resistance, dollar holds near 2-1/2 year low

    The euro was headed for its best week in a month on Friday and has blown past major resistance levels as investors piled into bets the U.S. dollar has further to fall while the world begins to emerge ...

  • U.S. expected to report slowest job growth in six months

    U.S. employers likely hired the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession.

  • U.S. expected to report slowest job growth in six months

    * Nonfarm payrolls forecast to increase 469,000 in November. * Unemployment rate expected to fall to 6.8% from 6.9% * November job gains would be smallest since May. By Lucia Mutikani.

  • Japan to set up subsidies for regional banks to cope with COVID-19 -draft

    • BY Reuters|
    • 11:58 PM ET 12/03/2020

    Japan will establish subsidies for regional banks that shore up their core strength through mergers and integration as part of efforts to revive regional economies hit by the COVID-19 pandemic, a draft stimulus package seen by Reuters showed on Friday. The draft stimulus package is expected to be finalised and approved by Prime Minister Yoshihide Suga's cabinet on Dec. 8.

  • Analysis: Is a post-COVID currency war coming?

    Financial markets' euphoric reaction to the recent COVID-19 vaccine breakthroughs and U.S. election results is pushing some currencies up so fast that rumblings have begun about a potential new FX war.

  • GRAINS-Wheat set for weekly loss of 4% on ample global stocks

    * Wheat falls on ample global stocks. * Soybeans fall as crop outlook in Brazil improves. * Corn on course for weekly loss of 2% By Colin Packham. U.S. wheat futures edged lower on Friday as ample global stocks pushed the grain towards a weekly loss of 4%, the first weekly loss in three and the biggest decline since October-end.

  • Asian shares hit record high as U.S. stimulus seen within reach

    • BY Reuters|
    • 10:27 PM ET 12/03/2020

    Asian shares scaled a record high on Friday on the growing prospect of a large U.S. economic package, while hopes that vaccine rollouts will boost the global economy underpinned investor sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, surpassing its Nov. 25 peak, while Japan's Nikkei dipped 0.4% on profit-taking.

  • Asian shares hit record high as U.S. stimulus seen within reach

    • BY Reuters|
    • 10:27 PM ET 12/03/2020

    Asian shares scaled a record high on Friday on the growing prospect of a large U.S. economic package, while hopes that vaccine rollouts will boost the global economy underpinned investor sentiment. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.6%, surpassing its Nov. 25 peak, while Japan's Nikkei dipped 0.4% on profit-taking.

  • GLOBAL MARKETS-Asian shares hit record high as U.S. stimulus seen within reach

    * Ex-Japan Asia shares rises above Nov peak. * U.S. stock futures up, rebounding after Pfizer report hit. * Euro, emerging market currencies at highest since April 2018. * 2020 asset performance http://tmsnrt.rs/2yaDPgn. By Hideyuki Sano.

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