Page 287 - Rep News Today

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A measure of U.S. services industry activity unexpectedly rose in November, hitting a fresh record high as businesses boosted hiring, but there was little sign that supply constraints were easing and prices remained high.

European shares posted their best session in almost six months on Wednesday, as investors picked up beaten down stocks that were hammered in the past few sessions by fears of the spread of a new and highly infectious strain of the coronavirus.

China's yuan strengthened against the dollar on Friday despite a weaker mid-point set by the central bank, as some analysts expected the Chinese economy to withstand the fallout from the Omicron variant better than its peers.

U.S. wheat futures held steady on Friday but were on track for their biggest weekly drop in nearly three months on expectation of ample global supplies.

Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com

The Reserve Bank of Australia (RBA) is expected to raise interest rates in early 2023, and possibly sooner, according to a Reuters poll of economists, who brought forward their rate hike expectations for the second straight month.

Wall Street bounced back with a broad rally on Thursday, recovering ground lost in the previous session's steep sell-off as investors snapped up bargains while digesting the implications of a morphing pandemic.

The dollar leapt against its more risk-sensitive Australian and New Zealand counterparts on Friday, ahead of key U.S. jobs data that could clear the path to earlier Federal Reserve interest rate hikes, even as Omicron uncertainties cloud the outlook.

The Gateway Pundit, a far-right news site, has used its Facebook page - with more than 630,000 followers - to post bogus stories alleging the 2020 election was stolen from former President Donald Trump. Some commenters responded with threats of violence.