Mexico's economy grew 0.9% in the third quarter from the previous three-month period, national statistics agency INEGI said on Friday, boosted mainly by the primary sector and despite an ongoing aggressive monetary tightening cycle.
Copper prices fell on Friday as surging COVID-19 levels and lockdowns in China hit demand and the dollar strengthened, making metals costlier for buyers with other currencies. Measures by China, the biggest metals consumer, to support its economy and property sector did provide support, however. At 1700 GMT, benchmark copper on the London Metal Exchange was down 0.5% at $8,004 a tonne.
* Real estate stocks tumble. * Retail stocks dip on Black Friday. * German economy grows more than expected in Q3. By Sruthi Shankar and Devik Jain. Europe's STOXX 600 index closed flat on Friday, for its sixth straight weekly gain, as hopes of slowing interest rate hikes offset a real estate sector sell-off and retailers were hurt by fears of a bumpy holiday shopping season.
Bank of China Ltd announced Friday that it had agreed to provide credit lines totaling more than 600 billion yuan to 10 property developers, including Vanke and Country
Garden (CTRYF). The move came as China's state-owned banks took efforts to respond to Beijing's call to ease a liquidity crisis in the embattled property sector.
Japan's Nikkei edged lower on Friday, as investors sold heavyweight chip-related stocks after the share average hit a more-than two month high in the last session, although hopes for slower interest rate hikes globally capped declines. The Nikkei lost 0.34% to 28,286.94 by the midday break but it was set to rise 1.39% for the week. "Investors sold shares for profit-taking today.
The potential collapse of the low-cost Colombian airline Viva could lead to higher fares and the loss of connections to some cities, Avianca's chief executive said Thursday. Avianca and Viva announced on Wednesday they had appealed to Colombia's aviation regulator after it rejected their plan to merge, proposing steps to allay its concerns, such as yielding some routes to competitors.
* E.Europe arms companies step up production for Ukraine. * Hope to find new markets as defence spends rise. * Can produce and service Soviet-era and NATO-standard weaponry Poland, Czechs among big suppliers of military aid to Kyiv. * Industry's history stretches from 1800s and through Cold War. By Michael Kahn, Anna Koper and Robert Muller.
Copper prices drifted higher on Thursday, buoyed by a weaker dollar, optimism that the pace of U.S. interest rate hikes will slow and further support for China's troubled property sector. Three-month copper on the London Metal Exchange gained 0.4% to $8,040 a tonne by 1045 GMT.
Ireland's central bank increased the amount of capital that banks must set aside as extra protection against future crises and introduced a new leverage limit for property funds to address risks from a growing part of the financial sector.
Copper prices rose on Thursday as China's supportive measures for its property sector, a weaker U.S. dollar and the prospect of the Federal Reserve slowing its pace of interest rate hikes boosted sentiment.
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