German exports fall more than expected in October
The foreign trade balance showed a surplus of 13.4 billion euros ($14.02 billion) in October, down from 16.9 billion euro the previous month and 18.9 billion euros in October 2023.
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Asia FX slips as dollar firms before the Fed; yuan hit by underwhelming stimulus
Most Asian currencies were subdued on Friday as the dollar strengthened ahead of a Federal Reserve rate decision next week, while disappointing cues on stimulus from a top-level meeting in China weighed on the yuan.
Oil inches up, on course for first weekly gain in three
Both contracts are on track for a weekly gain of more than 3% as concerns about supply disruption from tighter sanctions on Russia and Iran, and hopes that Chinese stimulus measures could lift demand in the world’s No. 2 oil consumer support prices.
Bitcoin price today: dips below $100k as rate jitters mount before the Fed
The world’s biggest cryptocurrency rose sharply on Thursday after President-elect Donald Trump reiterated his pledge to make the U.S. a global crypto leader. But this bounce was short-lived, given that he did not provide any major cues on policy.
Tesla launches ‘Actually Smart Summon’ feature in China
The autonomous driving feature, available in Tesla vehicles with enhanced autopilot and full self-driving, allows vehicles to autonomously drive from parking lots to a nearby location within the driver’s vision.
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.
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.