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  • U.K. Unemployment Rose Less Than Feared in December

    U.K. Unemployment Rose Less Than Feared in December0

    The U.K. labor market stayed stronger than expected in December, with the number of benefit claimants rising only moderately. At the same time, wage growth in November, the last month for which data are available, grew more strongly than expected, rising 6.4% on the year, according to the Office for National Statistics. The figures add

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  • China Q4 GDP Slows on COVID Woes, But Beats Expectations

    China Q4 GDP Slows on COVID Woes, But Beats Expectations0

    The Chinese economy grew at a slower pace in the fourth quarter of 2022, data showed on Tuesday, as disruptions caused by the country’s now relaxed zero-COVID policy weighed heavily on business activity, although the reading still beat expectations. Chinese gross domestic product (GPD) grew at an annualized rate of 2.9% in the three months

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  • Crude Oil Lower; Monthly Demand Reports in Focus

    Crude Oil Lower; Monthly Demand Reports in Focus0

    Oil prices fell Monday, consolidating after last week’s strong gains ahead of the release of demand forecasts from the OPEC and the IEA as well as a deluge of potentially influential economic data due this week. By 04:35 ET (09:35 GMT), U.S. crude futures traded 0.7% lower at $79.55 a barrel, while the Brent contract

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  • Asian Stocks Rally On China Stimulus, Japan Hit By BOJ Uncertainty

    Asian Stocks Rally On China Stimulus, Japan Hit By BOJ Uncertainty0

    Most Asian stock markets surged on Monday, with Chinese indexes in the lead after the government rolled out more stimulus measures, while fears of more hawkish moves from the Bank of Japan saw local stocks tumble. China’s blue-chip Shanghai Shenzhen CSI 300 index was the best performer in Asia, rallying 2% to a near five-month

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