China open to talks with Trump’s economic, trade team, commerce ministry says
China is open to engaging and communicating with the economic and trade team of the Trump administration, the commerce ministry said on Thursday.
December 12, 2024
Read More
Asia FX gains on increased US rate cut bets, China stimulus in focus
Most Asian currencies inched higher on Thursday as U.S. inflation data cemented bets for a Federal Reserve interest rate cut next week, while focus was on China’s annual policy meeting for clues on fresh stimulus measures.
Oil little changed as demand weakness offsets sanctions-driven supply risks
Oil prices were little changed in Asian trade on Thursday as forecasts of weak demand and a higher-than-expected rise in U.S. gasoline and distillate inventories stemmed gains from an additional round of EU sanctions threatening Russian oil flows.
Bitcoin price today: rises past $100k as CPI data keeps rate cut bets in play
Broader crypto prices also advanced tracking Bitcoin, although most altcoins clocked much stronger gains as risk appetite increased. The prospect of friendlier U.S. crypto regulations under a Donald Trump presidency also kept most major cryptos sitting on strong gains through the past week.
European stock markets edge higher; ECB decision awaited
Gains were also boosted earlier in the week by China’s announcement of additional economic stimulus measures, although OPEC’s recent gloomy outlook on oil demand tempered enthusiasm.