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06/12/2016
Press Review
Dukascopy Bank SA, Route de Pre-Bois 20, International Center Cointrin, Entrance H, 1215 Geneva 15, Switzerland tel: +41 (0) 22 799 4888, fax: +41 (0) 22 799 4880 [email protected]
08:30 GMT, Tuesday, December 06, 2016
►►► Economy
China Daily ► Economy still strong despite yuan's fall The yuan's continued depreciation against the US dollar since September has aroused concerns about possible capital flight from China… China org. ► US urged to stop groundless accusations against Chinese firm China on Monday urged the United States to stop making groundless accusations against Chinese companies and politicizing normal acquisition cases.
►►► Politics The Guardian ► Royal prerogative takes centre stage as supreme court Brexit case opens Jeremy Wright QC begins government’s submission by arguing that prerogative powers could legitimately be used to trigger article 50 RT ► Vladimir Putin signs new Russian information security doctrine The need for a new edition of Moscow’s doctrine on information security is the result of foreign states intensifying their efforts in information and psychological operations to affect Russia’s internal affairs, their bias against Russia, and cyber-attacks against its key infrastructure, the document says.
►►► Opinions James Picerno ► Eurozone Q3 GDP to stay on track Eurozone data is on display for Tuesday, starting with German factory orders for October. We’ll also see the second revision for third quarter Eurozone GDP, followed by US factory orders for October. Guy Verhofstadt ► Austria just held a vote on the EU – Italy did no such thing Italians’ rejection of Matteo Renzi was all about domestic politics. But Austrians seemed worried that Norbert Hofer might drive them out of the union...
►►► Currencies Economic Calendar ► RBA Rate Decision: Overnight Rate Unchanged at 1.5% The Reserve Bank of Australia (RBA) made no changes to monetary policy at its final meeting of the year on Tuesday, as the Bank’s outlook remained little changed from previous month. Marc to Market ► Great Graphic: Dollar Index Update We took a closer look at the US Dollar Index last week.
►►► Markets Reuters ► Asian stocks post biggest daily gain in two weeks Asian stocks posted their biggest rise in two weeks on Tuesday and the euro steadied as investors judged the selloff after Italy's referendum to be overdone, with robust U.S. economic data also helping sentiment. Market Watch ► Oil prices pull back as investors cash in on one-year highs Oil futures retreated from one-year highs on Tuesday, as traders took profits following the sharp rally in the wake of last week’s decision by the Organization of the Petroleum Exporting Countries to cut production.
►►► Top Videos
CNBC ► Trump will have a unified govt for 1st time in long time: Fratto Tony Fratto, founding partner at Hamilton Place Strategies, says people are really looking for progress on big U.S. issues, whether its tax reform or getting the economy moving. Bloomberg ► Is There a Path to Power for Italy's Five Star Movement? Holger Schmieding, chief economist at Berenberg, discusses what's ahead for Italy's government following the referendum vote and if Italy is on the path to leaving the euro.
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