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Ifo Institute says German economic sentiment improved in November The Ifo institute’s German business climate index rose to 86.3 in November from 84.5 in October. “While companies were somewhat less satisfied with their current business, pessimism about the coming months has declined sharply. The recession may be less severe than many expected,” said IFO President … Read more

Japan’s Nikkei rose 2% in mixed Asian trading after Wall Street rebound

Oil prices rise after Russia threatens to halt energy exports oil prices rose, Recovering from the previous session’s lossesAfter Russian President Vladimir Putin the threat Stop oil and gas exports if European countries impose price ceilings on Russian oil. Brent crude Futures contracts rose 1% to $88.88 a barrel West Texas Intermediate US It added … Read more

Asia Pacific markets trade less; China’s trade data in August missed expectations

The Japanese yen weakens further, slowly approaching 145 The Japanese yen weakened further to 144.35, the weakest since mid-1998 – as the US dollar index strengthened, Reaching a new peak for 24 years against the Japanese currency. The offshore Chinese yuan also weakened to 6.99, slightly approaching the 7 mark, after weaker-than-expected trade data. The … Read more