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On Thursday, oil was narrowly mixed in Asia because market sentiment was backed regionally by China's official manufacturing PMI. However, the market is currently powered by the stoppages as well as damaged provoked by Hurricane Harvey along the American Gulf Coast.
October delivery crude futures declined 0.02% in New York being worth $45.95 a barrel. Meanwhile, in London Brent crude futures soared 0.08% trading at $50.77 a barrel.
In Japan, July’s provisional industrial output data went down 0.8%, which is more than a 0.5% sag expected.
In China, the official manufacturing Purchasing Managers' Index in China hit 51.7 in August, surpassing hopes, as data issued on Thursday disclosed.
Experts surveyed by Reuters expected China to report August’s official PMI of 51.3, which is a bit down from July’s outcome of 51.4. An outcome above 50 stands for expansion. On the contrary, a reading below indicates contraction.
On Thursday, the yellow metal headed south in Asia due to the fact that recent economic data indicated an improved economic surge outlook and also put pressure on the safe-haven commodity…
On Wednesday, gold was nearly intact, sticking with a four-month minimum because better-than-anticipated economic data from China kept global appetite for risky assets healthy and also tamed demand for havens…
On Tuesday, the yellow metal went down in Asia against the backdrop of more positive developments in the China-US trade negotiations…
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On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…
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