2022-11-25 11:57:08

China RRR cut, Black Friday post-COVID, German GDP - what's moving markets

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By Geoffrey Smith/Investing Com

By Geoffrey Smith

Investing.com -- It's the first COVID-free Black Friday in three years, and research is pointing to a healthy rebound in sales on Main Street, despite the challenge of high inflation. China loosens monetary policy a little more to ease the plight of its real estate sector. Germany's economy grew a little more than first thought in the third quarter and the sharp drop in confidence across Europe appears to have bottomed out. Elon Musk announces a general amnesty for suspended accounts on Twitter but has his hands full with recalls at Tesla. And the EU just can't agree on proposed price caps for natural gas and Russian oil. Here's what you need to know in financial markets on Friday, 25th November.

1. China loosens monetary policy again

China's central bank loosened monetary policy again, the latest in a string of official attempts this week to shore up a financial system struggling with the implosion of a housing credit bubble.

The People's Bank of China said it will cut the reserve requirement ratio for most banks by 25 basis points, freeing up around CNY 500 billion ($1=CNY7.1664) in liquidity for the economy. It comes after major state-owned banks said they would offer nearly $200 billion in fresh credit to the sector.

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Logo South China Morning Post
EconomyBy Luna Sun2022-11-24 15:00:15
As daily Covid-19 cases reached a record high on Wednesday, the economic impact appears comparable to when Shanghai endured a citywide lockdown in the spring...

Logo Bloomberg
TechnologyBy Jonathan Roeder2022-11-25 05:00:01
US retailers are bracing for a slower-than-normal Black Friday as high inflation and sagging consumer sentiment erode Americans’ demand for material goods....

Logo The Economist
Business / FinanceBy The Economist2022-11-24 15:11:18
F ew jobs are guaranteed to turn hair grey faster than running operations for a multinational business in China. Diplomatic spats and consumer boycotts are...

EconomyBy Karen Gilchrist2022-11-24 23:12:27
Key Points Black Friday may offer an opportunity to bag a bargain, but many shoppers will be expecting steeper discounts this year. U.S. consumers are alone...

Logo The New York Times
EnvironmentBy Amelia Nierenberg2022-11-24 21:00:05
Plus Malaysias new prime minister and the week in culture. Covid anger grows in China As Chinas harsh Covid rules extend deep into their third year, there...

Logo South China Morning Post
Business / FinanceBy Tai Hui2022-11-25 08:00:13
Glimmer of hope as China eases its Covid-19 policy and issues a rescue plan for the property sector but investors must be realistic about the pace of...

Logo Fortune
Business / FinanceBy Anne D'innocenzio2022-11-25 11:45:00
Elevated prices for food, rent, gasoline and other household costs have taken a toll on shoppers.

Logo South China Morning Post
EconomyBy Frank Tang2022-11-25 12:30:12
The European Chamber of Commerce in China has called on the mayor of Beijing to impose clear road maps and timetables for vaccination roll-out Regions...

Logo The Guardian
HealthBy Verna Yu2022-11-24 18:29:17
China has imposed a fresh series of Covid lockdowns, including in a city where workers at the worlds largest iPhone factory clashed with police this week, as...

Logo U.S. News & World Report
PoliticsBy Associated Press2022-11-24 15:16:43
By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) While Black Friday will mark a return to familiar holiday shopping patterns, uncertainty still remains....

Logo U.S. News & World Report
PoliticsBy Associated Press2022-11-25 05:01:07
By ANNE D'INNOCENZIO, AP Retail Writer NEW YORK (AP) Black Friday marks a return to familiar holiday shopping patterns, but inflation is weighing on...

Logo CBC
Business / FinanceBy Pete Evans2022-11-25 09:00:00
High inflation has left Canadians counting their pennies far more than usual this year, making the job of retailers to convince them to spend this holiday...

Logo CBS News
Health2022-11-25 11:58:07
Beijing — The draconian zero-COVID policy that China has long touted as a scientific and effective countermeasure against the global coronavirus pandemic...

Business / FinanceBy Evelyn Cheng2022-11-25 10:28:23
Key Points More and more apartment compounds in Beijing on Friday forbade residents from leaving for at least a few days. You constantly hear of someone...

Logo BBC
ScienceBy Https://Www Facebook Com/Bbcnews2022-11-24 15:19:54
By Charley Adams BBC News Black Friday deals are hard to miss right now - your inbox is doubtless full of unbeatable offers and billboards everywhere are...

Logo U.S. News & World Report
PoliticsBy Associated Press2022-11-25 10:37:50
BEIJING (AP) Residents of Chinas capital were emptying supermarket shelves and overwhelming delivery apps Friday as the city government ordered accelerated...

Logo Daily Mail
Business / FinanceBy Ed Magnus2022-11-24 17:27:02
Black Friday is tipped to become the busiest shopping day on record, according to Nationwide Building Society. Britain's biggest mutual is forecasting that...

Logo RTTNews
EconomyBy Renju Jaya2022-11-25 04:50:41
Quarterly national accounts and consumer sentiment survey results from Germany are due on Friday, headlining a light day for the European economic news. At...

Business / FinanceBy Melissa Repko2022-11-25 05:01:01
Key Points Black Friday weekend will take on additional importance this year after retailers like Target and Macy's reported a recent lull in sales. Retail...

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EconomyBy Geoffrey Smith/Investing Com2022-11-24 11:55:22
By Geoffrey Smith Investing.com -- It's Thanksgiving, and U.S. stock markets are closed for a well-deserved rest. The rest of the world is giving thanks for...