Copper slipped today, falling under $3.50 per pound amid poor cues from equities and worries over Chinese economy. China manufacturing sector fell into contraction territory in August with a manufacturing PMI score of 49.5, the latest survey from Caixin showed on Thursday. Thats down from 50.4 in July, and it moves beneath the boom-or-bust line of 50 that separates expansion from contraction. Asian markets saw […]
Japanese share market finished session at one-month low on Thursday, 01 September 2022, on tracking weak global markets after several Federal Reserve and European Central Bank officials reiterated their support for further interest-rate hikes to combat inflation. Meanwhile, weaker than expected Japans manufacturing activity data for August also weighed on sentiment. The final au Jibun Bank Japan Manufacturing Purchasing Managers Index (PMI) fell to a […]
Australia share market finished lower on Thursday, 01 September 2022, as risk aversion selloff triggered across the board amid economic growth worries after latest survey data showed Australias manufacturing activity slumped to a contraction territory in August. Meanwhile, selloff pressure intensified after several Federal Reserve and European Central Bank officials reiterated their support for further interest-rate hikes to combat inflation. At closing bell, the benchmark […]
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