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Asia Pacific stocks mixed private survey of Chinese producing activity forward

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Asia Pacific stocks mixed; private survey of Chinese manufacturing activity ahead

Stocks in Asia Pacific traded blended Tuesday morning as a private survey confirmed Chinese producing action in August expanding at its speediest pace in virtually 10 several years.

Mainland Chinese stocks slipped, with the Shanghai composite down .16% though the Shenzhen part shed .448%. Hong Kong’s Dangle Seng index sophisticated .13%.

The moves came as the Caixin/Markit production Getting Managers’ Index (PMI) for August arrived in at 53.1. On Monday, China’s formal producing PMI for August arrived in at 51., according to the country’s National Bureau of Statistics.

Economic data releases from China have been watched by buyers for signals of the country’s recovery from the coronavirus pandemic. PMI readings earlier mentioned 50 signify growth, while all those down below that determine point out contraction. PMI readings are sequential and indicate on-month expansion or contraction.

Somewhere else, the S&P/ASX 200 in Australia led losses between the region’s major markets as it fell 1.63%.

In Japan, the Nikkei 225 gained .16% while the Topix index lose .12%. South Korea’s Kospi added .91%.

General, the MSCI Asia ex-Japan index traded .25% increased.

Looking forward, the Reserve Bank of Australia is established to announce its interest rate choice at about 12:30 p.m. HK/SIN on Tuesday. Ahead of that conclusion, the Australian greenback altered palms at $.7398 next a rise yesterday from levels all around $.735.

Overnight stateside, the S&P 500 and Dow Jones Industrial Ordinary wrapped up their greatest August performances in many years. The Dow fell 223.82 details, or .8%, to conclusion its buying and selling day on Wall Avenue at 28,430.05 and the S&P 500 drop .2% to shut at 3,500.31. The Nasdaq Composite gained .7% and concluded its buying and selling day at 11,775.46.

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The Monday moves remaining the Dow up 7.6% for August, its biggest gain for that month considering the fact that 1984. The S&P 500 rose 7% for the exact thirty day period, notching its greatest August performance since 1986.

The U.S. dollar index, which tracks the greenback versus a basket of its friends, was last at 92.034 subsequent an earlier slip from around the 92.4 mark.

The Japanese yen traded at 105.70 for every greenback immediately after observing concentrations about 105.5 against the dollar yesterday.

Oil charges ended up greater in the morning of Asian investing several hours, with worldwide benchmark Brent crude futures up .71% to $45.60 for every barrel. U.S. crude futures also acquired .68% to $42.90 for every barrel.

What is on tap:

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Economy

Reduced provider discount in December due to falling fuel prices

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Reduced provider discount in December due to falling fuel prices

The Ministry of Finance reported that in December there is a decrease in the ISP discount by 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline, taking into account falling prices.

The guardianship statement states that, as announced, “the mechanism applied in the ISP is equivalent to reducing the VAT rate from 23% to 13%, and the compensation mechanism through the ISP reduces additional VAT income as a result of the changes. in fuel prices remain in effect.

Thus, taking into account the evolution of diesel and gasoline prices, “these temporary measures result in a reduction in the ISP rebate of 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline. a discount of 17.1 cents per liter for diesel ISP and 15.4 cents per liter for gasoline ISP,” the same note reads.

On the other hand, “the carbon tax update will be suspended until the end of the year,” and “taking into account all the measures in place, the reduction in the tax burden is 27.3 cents per liter of diesel fuel and 24.7 cents per liter of gasoline. “.

The government’s rebate mechanism assumes that a decrease in the price of fuel results in an increase in the Tax on Petroleum Products (NPT) due to a drop in VAT revenues.

“Measures to mitigate the increase in fuel prices remain in place in the month of December, while the government continues to support all consumers by reducing fuel taxes,” the ministry reminded.

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The ISP’s rebate, equivalent to a 13 percent VAT rate cut, was due to run until September 4 but was later extended through the end of the year as part of the government’s family relief package due to price hikes.

Average fuel prices have returned this week to below pre-war levels in Ukraine on Feb. 24, with a 5.1% drop for petrol and 4.1% for diesel calculated by ERSE.

According to the “Weekly Report on the Surveillance of Selling Prices for the Public” published on Monday evening by the Entidade Regladora dos Serviços Energéticos (ERSE), “For the week of 28 to 4 December, the effective pre-tax price is 0.860 euro/l. [euros por litro] for straight petrol 95 and 1067 euro/l for direct diesel”, which after tax is 1660 euro/l and 1685 euro/l for straight petrol 95 and straight diesel, respectively.

These figures are comparable to average prices of 1,816 euros/l for 95 straight-through gasoline and 1,660 euros/l for direct diesel filled on February 24 when the Russians invaded Ukraine, according to the Directorate General of Energy and Geology (DGEG). ).

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The unthinkable happens and the Lufthansa Airbus A380 takes off again two years later.

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The unthinkable happens and the Lufthansa Airbus A380 takes off again two years later.
Image: Lufthansa


This Friday, December 2, 2022, a moment occurred where few expected it to happen again. After repeated claims that the giant Airbus A380 is being retired for good, German airline Lufthansa has come back and decided to put it back into service two years later. As a result, one of the aircraft, registration D-AIMK, parked in Teruel (Spain), flew to Frankfurt.

According to the German company, the aircraft has been at the Spanish airport since May 2020, and since May of this year, more than 3,000 hours of work have been spent on its re-flight preparation. The same service is being performed on three other A380s that the company intends to restore to its network.


However, more work is needed before the aircraft is ready to fly with passengers again. Although additional landing gear maintenance was still required, today’s flight was to be flown at a much lower speed than usual and was performed with the landing gear down.

At the Lufthansa base in Frankfurt, the aircraft will be put on supports so that the landing gear retraction system can be tested. The aircraft will then fly to Manila in the Philippines, where Lufthansa Technik maintains a maintenance base, to undergo final repairs before release.

The Airbus A380 is scheduled to enter service in the summer of 2023 on high-demand flights from Munich. Videos were taken of the departure of the world’s largest passenger aircraft from Teruel (above and below, awaiting loading). Tracking Radarboxin turn, captured the entire flight.

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Economy

Prices for the next week (from 5 to 11 December)

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Crédito Habitação Activo Bank

Fuel price information is based on calculations that take into account quotations on international markets and other factors taken into account when pricing fuel in Portugal. This is the data that I collect weekly from my sources in the fuel market.

I remind you that despite this price indication, each filling station can set the price it considers appropriate🇧🇷 Only private label gas stations should follow brand guidelines. Dealers and each brand may or may not follow the market leaders. But in my experience they go one after the other. This is the price trend for the coming week.

PORTUGAL continental

🇧🇷 Previous weeks*: (-5)(-10)(-7)(4)(-1)(-0.5)(9.5)(11)(+2)(-7)(+1 )(-7)( 11)(5)(-2)(-9)(-1)(-6)(-7)(-9)(-3)(6)(13)(12)(2 .5 )(-2.5 )(-7)(3)(-10 ISP drop)(6)(1)(-5)(-12.5)(16)(-18)(18)(14 , 5)(2.5)(1)( 0.5)(2))(0.5)(3)(2)(2.5)(3)2022

* Order of changes from newest to oldest.

🇧🇷 Previous weeks*: (-5)(-9)(-4)(2)(-1)(-6)(6)(8)(2)(-0.5)(-0.5) (-7)(0.5 )(-1)(-1)(-9)(0.5)(-5)(-5)(-8)(-1.5)(-1)(- 5) (-3)(14)(1.5) (7)(2)(4.5)(-10 ISP drop)(2)(0.5)(-4)(7)(-13, 5 )(14)(7.5)(2)(1)(2)(2) (1.5)(2)(1.5)(0.5)(4.5)2022

* Order of changes from newest to oldest.

| Previous weeks*: (=)(-1)(=)(=)(-1)(=)(1)(-2)(=)(-1)(+2)(=)(=)(= )(-1)(=)(-1)(=)(=)(=)(1)(=)(-2)(1)(=)(-2)(=)(-4)(= )(=)(=)(-1)(=)(-2)(-6)(-10)(21)(=)(12)(=)(=)(1)(=)(-1 )(=)(=)(2)2022

* Order of changes from newest to oldest.

MADEIRA

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