Markets

Hong Kong shares rise nearly 3% after reports say city plans to ease Covid rule

Hong Kong shares rise nearly 3% after reports say city plans to ease Covid rule

Hong Kong plans to scrap outdoor mask rules: report Fitch expects house prices in Australia and China to fall in 2023 Fitch Ratings expects house prices in Australia to fall significantly by 7% to 10% next year, it said in its latest outlook report. The agency also predicts that house prices in China will fall …

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Asian markets trade mixed amid recession fears;  China to release trade data

Asian markets trade mixed amid recession fears; China to release trade data

TSMC shares rise after Apple says it will use US-made chips from the Taiwanese company China expects further drop in exports and imports China’s trade data for November is expected to show a further decline in both exports and imports, according to a Reuters poll of economists. Exports are expected to fall 3.5% in November …

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Jim Cramer's top 10 things to watch in Monday's market: Stocks, China, Apple

Jim Cramer’s top 10 things to watch in Monday’s market: Stocks, China, Apple

My top 10 things to watch Monday, December 5, 2022 1. Morgan Stanley’s Mike Wilson says he’s seen enough of the rally, and he says it’s time to bail out. There’s less than 2% upside to the top of its year-end S&P 500 price target of 4,000 to 4,150. Stick with defensive stocks and utilities. …

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European markets fall slightly as investors gauge China's Covid relaxation and oil moves

European markets fall slightly as investors gauge China’s Covid relaxation and oil moves

Stocks in motion: CFF up 8%, Rational down 7% Swedish real estate company SBB saw its shares surge 8% mid-afternoon to top the Stoxx 600 after presenting its pro forma earning capacity for 2023 following the sale of shares in education unit EduCo. At the bottom of the index, German kitchen appliance maker Rational fell …

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Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: "The Dam Is About To Burst"

Tim Draper Predicts Bitcoin Will Hit $250,000 Next Year Despite FTX Collapse: “The Dam Is About To Burst”

Tim Draper, Founder of Draper Associates, on stage at the Web Summit 2022 technology conference. Ben McShane | Sports file via Getty Images Venture capitalist Tim Draper thinks bitcoins will hit $250,000 a coin by mid-2023, even after a killer year for the cryptocurrency marked by industry failures and falling prices. Draper had previously predicted …

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Hong Kong shares jump 3% as China relaxes some virus rules

Hong Kong shares jump 3% as China relaxes some virus rules

Morgan Stanley overweight Chinese stocks Morgan Stanley strategists raised its recommendation for Chinese stocks to overweight, according to a Sunday note. The upgrade marks the end of the company’s equal weight position in Chinese stocks that it has held for nearly two years, strategists led by Laura Wang said. Morgan Stanley noted that several factors …

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Cramer talks about some hot industrial stocks and how we play Wall Street's kingpin from tech

Cramer talks about some hot industrial stocks and how we play Wall Street’s kingpin from tech

The market is so obsessed with technology that it cannot see the forest through the industrialists. If the talk isn’t about the cloud slowdown, it’s about who is stepping down from the now-private Twitter, or how disappointing it is that co-CEO Bret Taylor has left Salesforce (CRM). Mark Zuckerberg of Meta Platforms (META) might sneeze …

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Cramer's Week Ahead: Markets Need a Strong Labor Market and Tamed Inflation to Stay Up

Cramer’s Week Ahead: Markets Need a Strong Labor Market and Tamed Inflation to Stay Up

On Friday, CNBC’s Jim Cramer told investors that stocks could have another good week of trading, given the good economic conditions. “As the year draws to a close, vacations will become more and more of a priority. Right now the outlook is murky – too much cross-currents. But if the labor market remains strong and …

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Asia-Pacific markets fall as investors seek clarification on China's Covid rule changes

Asia-Pacific markets fall as investors seek clarification on China’s Covid rule changes

Singapore and New York are ranked among the most expensive cities to live: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed that the average price of goods in 172 major cities around the world rose …

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