Wednesday, December 19, 2018
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u.s. gasoline prices fall to $3.7074 in lundberg survey

the average price for regular gasoline at u.s. pumps fell 3.2 cents a gallon in the past two weeks to $3.7074 cents, according to lundberg survey inc.

initial jobless claims in u.s. rise less than forecast

fewer americans than forecast filed first-time claims for unemployment insurance last week, a signal the u.s. labor market is maintaining its recent progress.

industrial production in u.s. climbs by most in three months

industrial production rose more than forecast in february as u.s. factories turned out more business equipment and motor vehicles, showing manufacturing is helping boost the economy.

li urges paring state role to fuel 7.5% china growth

chinese premier li keqiang pledged to open the economy to more market forces and strip power from the government to achieve 7.5 percent annual growth through 2020 and spread the benefits of the nation's expansion.

energy derivatives overhaul spurs nasdaq’s germany expansion

the biggest-ever overhaul of european energy derivatives rules is poised to pit nasdaq omx group inc. (ndaq) against the european energy exchange ag in germany as the share of power handled by bourses increases.

euro, stocks drops; gold, german bonds rally on cyprus

the euro weakened to its lowest level this year, while stocks and commodities slumped, as an unprecedented levy on cyprus's bank savings threatened to throw europe back into crisis. german two-year note yields dropped below zero as spanish and italian borrowing costs jumped.

shanghai futures exchange says it’s close to adding night trade

the shanghai futures exchange is close to adding after-hours trading in a bid to become a more global marketplace, an official at the bourse said today.

consumer prices in u.s. increase on jump in gasoline cost

the cost of living in the u.s. rose more than projected in february due to the biggest jump in gasoline prices in more than three years. the retreat in fuel expenses this month signals inflation will hover around the federal reserve's goal.

central banks seen buying more gold, yen, renminbi to diversify

central banks are increasing purchases of gold, yen and china’s renminbi to reduce their dollar and euro holdings as a percentage of total reserves, the world gold council said.

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