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EU commits to green trade plan as Fed warns of climate change impact  

EU commits to green trade plan as Fed warns of climate change impact  

The European Union will make fighting the climate emergency central to its trade policy, push for major reform at the WTO and continue to be assertive in its dealings with the US and China, according to a new strategy revealed on Thursday.The new thinking on EU trade policy came with …

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Musk nod sends altcoin Doge soaring

Musk nod sends altcoin Doge soaring

(ATF) Dogecoin has surged after Tesla CEO Elon Musk said he backed the cryptocurrency.The virtual asset soared 50% after the outspoken billionaire tweeted the word “Doge”. "Dogecoin is the people's crypto" he wrote in a follow-up. "No highs, no lows, only Doge,” came next.That was enough to send the coin …

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Markets this week: GDP data, Fed meeting

Markets this week: GDP data, Fed meeting

ECONOMIC EVENTSFinancial markets will be on the edge at the start of the week as the resurgence in the pandemic in various parts of the world dims the economic optimism triggered by the $1.9 trillion US stimulus. The US Federal Reserve meets mid-week but that is unlikely to see any …

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Markets rally before Yellen speech 

Markets rally before Yellen speech

(ATF) Hong Kong: Financial markets rallied on the eve of US President-elect Joe Biden’s inauguration as investors eyed a solid $1.9 trillion fiscal stimulus seen confirmed by Janet Yellen's Treasury Secretary confirmation speech later in the day.“History teaches us that we can expect the markets to react favourably to the …

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Markets this week: December PMIs, FOMC minutes

Markets this week: December PMIs, FOMC minutes 

(ATF) Economic eventsInvestors will return to the trading floor in the New Year trying to square market optimism with economic reality amid the spread of a new, highly infectious Covid-19 variant as the vaccine rollout is conflicted with logistics and other hurdles in many countries with the efficacy also unproven.Wall …

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Calm waters expected in China bonds markets

Calm waters expected in China bonds markets

(ATF) Central bank interest rate announcements are unlikely to have much impact on China credits this week, with policy makers expected to hold monetary policy during the global downturn.Better news on Covid vaccines has already fed into the nation’s non-sovereign bond markets, with the benchmark ATF China Bond 50 Index …

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Global equities' performance leaves US markets floundering

Global equities' performance leaves US markets floundering

(ATF) Since the end of October, global equity markets have rallied by an eye-popping 15%. They have outperformed the US market by 4% and November was one of the best months for equities in the past decades. This is the beginning of a more significant global market performance, which should …

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Central banks dump monetary compass

Central banks dump monetary compass

(ATF) Central banking is entering a new era. Policymakers aren’t giving up on 30 years of inflation targeting, but they are adding new, overtly political goals to their remit. That spells uncertainty, possibly confusion, for markets when economies eventually recover from Covid-19 and price pressures resurface.After the Reserve Bank of …

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