{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
A cargo train transporting copper concentrate from the Democratic Republic of Congo to Angola's Lobito port highlights a complex history, featuring a blend of American, Chinese, and Scottish influences. As President Joe Biden arrives in Luanda for what may be his final overseas trip, this railway project is set to be a key focus of his agenda.
Bitcoin surged nearly 40% in November, approaching the $100,000 mark, marking its best month since February. Meanwhile, China's manufacturing activity showed signs of recovery due to recent stimulus measures, and Bulgari is shifting its focus to India to mitigate declining luxury demand in China.
Oil prices saw a slight increase, with Brent crude rising 8 cents to $71.92 a barrel and U.S. West Texas Intermediate up 9 cents to $68.09. The uptick followed positive data indicating modest expansion in China's factory activity for November, amid concerns over the stability of the Israel-Lebanon ceasefire.
China's manufacturing activity expanded in November, with the Caixin/S&P Global PMI rising to 51.5, surpassing forecasts and indicating growth for the second consecutive month. This improvement is attributed to increased new business inflows and a rise in export orders, reflecting the impact of recent stimulus measures. However, challenges remain, including a decline in real estate investment and potential tariff risks from the U.S.
Japanese automakers are facing significant challenges in Southeast Asia as Chinese brands gain market share, particularly in the electric vehicle sector. Despite a long-standing dominance, Japanese companies like Toyota and Nissan are losing ground due to their slow transition to electric models, with sales dropping sharply across the region. In response, they are investing billions to adapt their production for electric vehicles, but the competition from affordable Chinese EVs poses a serious threat to their market position.
Asia-Pacific markets are poised for a mostly positive start as investors anticipate key economic data from Japan, South Korea, and China. China's manufacturing PMI for November rose to 50.3, surpassing expectations, while non-manufacturing PMI dipped to 50.0. In the U.S., the S&P 500 and Dow Jones reached new highs, buoyed by strong chip stocks and expectations of market deregulation under a potential second Trump administration.
UBS Global Wealth Management's Mark Haefele discusses the potential impact of President-elect Trump's proposed tariffs on Mexico, Canada, and China, which could lead to market volatility. The Canadian dollar and Mexican peso have weakened, while the Chinese renminbi fell to 7.26 against the US dollar. Haefele notes that the tariffs, aimed at addressing illegal migration and drug trafficking, may initiate negotiations despite the USMCA not being up for review until 2026. He maintains a positive outlook on US equities, particularly in technology, utilities, and financial sectors, while advising caution in China stocks and suggesting portfolio diversification.
Canadian Prime Minister Justin Trudeau met with President-elect Donald Trump at Mar-a-Lago for a three-hour dinner following Trump's tariff threats against Canadian products. The discussion covered various topics, including trade, border security, and international relations, with Trudeau being the first G7 leader to visit Trump post-election.
China's residential market continues to struggle, with new home sales from the top 100 real estate companies falling 6.9% year-on-year to 363 billion yuan ($50 billion) in November. This decline follows a 7.1% increase in October and marks a 16.6% drop from the previous month, indicating a lack of sustained recovery in the property sector.
Baidu's Apollo Go is set to begin robotaxi testing in Hong Kong near the airport, following its operations in over 10 Chinese cities. With safety drivers initially present, the service aims for profitability through scaling and cost reduction, having recently unveiled a sixth-generation robotaxi at a significantly lower price. Currently, Apollo Go provides about 1 million rides per quarter, with plans to deploy 1,000 new vehicles by the end of 2024, positioning it for rapid growth in the coming years.
Chinese Yuan
Currency
06:01 02.12.2024
03:53 02.12.2024
03:27 02.12.2024
Chinese Yuan
S&P Global Inc.
Natixis
Capital Economics (N.A.) Ltd.
CHN
USA
Wang Zhenyi
Gary Ng
Donald Trump
Show more
03:00 02.12.2024
Thai Baht
Japanese Yen
United States Dollar
Chinese Yuan
Indonesian Rupiah
Toyota Motor Corp
Honda Motor Co., Ltd.
Nissan Motor Co., Ltd.
Mitsubishi Steel Mfg. Co., Ltd.
BYD
Great Wall Motor Co Ltd
SAIC MOTOR
GAC Aion
Guangzhou Automobile Group Co., Ltd.
Suzuki Motor Corp
IDN
THA
MYS
SGP
CHN
USA
Huang Yongjie
Tatsuo Yoshida
Srettha Thavisin
Show more
02:47 02.12.2024
Chinese Yuan
United States Dollar
NVIDIA Corporation
Lam Research Corp.
CHN
JPN
AUS
IDN
USA
Alex Harring
Ganesh Rao
Yundi Li
Chris Wood
Lisa Han
Rich Ross
Show more
00:55 02.12.2024
Canadian Dollar
Chinese Yuan
United States Dollar
Mexican Peso
Apple Inc.
MEX
CAN
CHN
USA
Donald Trump
Mark Haefele
Scott Bessent
Show more
21:57 01.12.2024
Canadian Dollar
United States Dollar
Chinese Yuan
Mexican Peso
Apple Inc.
Mar-a-Lago
USA
CAN
MEX
UKR
CHN
Justin Trudeau
Donald Trump
Howard Lutnick
Doug Burgum
Mike Waltzer
David McCormick
Dina Powell
Dominic LeBlanc
Katie Telford
Show more
16:41 30.11.2024
12:00 30.11.2024
21:49 29.11.2024
Trending
Subcategory:
Cryptocurrency Markets
Stock Market Updates
Cryptocurrency Trends
Central Bank Actions
Market Sentiment Analysis
Cryptocurrency & Blockchain Regulations
Inflation Rates & CPI Data
Decentralized Finance (DeFi) Innovations
Banking Regulations
Corporate Responsibility & ESG
Cryptocurrency Regulations
Mergers & Acquisitions
Tokenomics and Crypto Economics
SEC & Financial Compliance
Anti-Money Laundering (AML) Regulations
Hedge Funds & Private Equity
Market Analysis and Predictions
Banking & Investment Regulations
Blockchain Technology Adoption
Bond Market & Treasury Yields
Countries:
Companies:
Currencies:
People:
Coinbase Global, Inc.
Solana USD
Apple Inc.
NVIDIA Corporation
MicroStrategy Inc
BlackRock, Inc.
JPMorgan Chase & Co.
Ripples USD
Kraken Energy Corp.
Bitwise Bitcoin ETF
Ethereum USD
Tesla, Inc.
Chainlink USD
Tether USDt CNY
Novartis AG
The Goldman Sachs Group, Inc.
Bank of America Corporation
UBS Group AG
CRISPR Therapeutics AG
Grayscale Litecoin Trust
United States Dollar
Euro
Swiss Franc
British Pound Sterling
Chinese Yuan
Indian Rupee
Japanese Yen
Canadian Dollar
Australian Dollar
South Korean Won
Russian Ruble
Hong Kong Dollar
Bahamian Dollar
Malaysian Ringgit
United Arab Emirates Dirham
Swedish Krona
Thai Baht
Danish Krone
Mongolian Tögrög
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.