LONDON — The Organization for Economic Cooperation and Development (OECD) expects the global economy to build momentum over the coming two years, with real gross domestic product (GDP) growth projected to reach pre-pandemic levels by the end of 2021.
TOKYO/NEW YORK (Reuters) - Asian shares shed early gains from a strong Wall Street lead on Wednesday, as some investors booked profits on a stellar run to record highs, but hope for additional U.S. economic stimulus and a coronavirus vaccine kept market sentiment well supported.
Expected to print close to October’s 53.5, around a 3-year high, the Markit Manufacturing PMIs have been released for China, sponsored by news service Caixin, as follows:
- 54.9 beats 53.5 expexted and 53.6 prior, 10-year highs.
They expect prices to rise further. Since April 1, prices have almost doubled in the international market. The surge has been mainly attributed to global factors, particularly China purchasing good volume.
(Reuters) - The pace of U.S. auto sales slowed in November, data from analytics firm Wards Intelligence showed on Tuesday, amid a spurt in coronavirus infections.
TOKYO (Reuters) - The dollar stayed near a 2 1/2-year low on Wednesday as investors cautiously eyed developments in talks about further fiscal stimulus from the United States, while risk currencies held onto gains on improving risk appetite.