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  • Mild Rebound in China’s 2023 Retail Sales to be Uneven

    From fitchratings.com

    Fitch Rating expects a modest recovery in China’s retail sales in 2023, as our base case of less severe Covid-19 pandemic-related controls is likely to underpin a pick-up in discretionary spending. However, the pace of recovery may be slow and volatile, given that our base case assumes many restrictions will remain in place for most of next year. Our base case forecasts mid-single-digit growth in retail sales in 2023, up modestly from a low base in 2022, which was heavily affected by ongoing pandemic restrictions and testing requirements under China’s “dynamic zero-Covid” strategy, most notably in 2Q22. The ... (full story)

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    What’s the effect of Russian oil price cap, ban?

    From apnews.com|Nov 24, 2022

    Western governments are aiming to cap the price of Russia’s oil exports in an attempt to limit the fossil fuel earnings that support Moscow’s budget, its military and the invasion ...

    Germany Sets Windfall Tax at 90% for Clean Power Generators

    From bnnbloomberg.ca|Nov 24, 2022

    Germany has set out its plan to claw back 90% of the earnings from some clean power generators as the government seeks funding for its consumer aid package. The government is ...

    IEA chief sees energy crunch for Europe next winter

    From apnews.com|Nov 24, 2022

    Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves although the continent could face a bigger energy crisis next ...

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    In charts: South Korea’s new energy strategy which has nuclear at its core

    From think.ing.com|Nov 24, 2022

    South Korea hopes to achieve carbon neutrality by 2050 by expanding its renewable energy sources, namely nuclear power. In this article, our senior economist in Seoul looks at ...

    ECB minutes, little action, no spoilers

    From business.nab.com.au|Nov 24, 2022

    In a quitter session, relative to recent times, the risk positive vibes have extended into a third consecutive day with higher global equity markets, lower global rates and a ...

    U.S. Rig Count Sees Small Increase In Thanksgiving Week

    From oilprice.com|Nov 24, 2022

    The number of total active drilling rigs in the United States rose by 2 this week, according to new data from Baker Hughes published on Wednesday instead of Friday this week due ...

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  • Posted: Nov 24, 2022 3:18pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 0  /  Views: 686
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