• MTS Economic News_20161227

    27 Dec 2016 | Economic News

The dollar index .DXY, which tracks the greenback against a basket of six global peers, was little changed at103.01, about 0.6 percent below the highest level since December 2002 hit a week ago.

The euro EUR=EBS was steady at $1.0449 on Tuesday.

Profits in November rose 14.5 percent to 774.6 billion yuan ($111 billion) from a year ago, the highest since August's record 19.5 percent spike, National Bureau of Statistics (NBS) said on Tuesday. Profits in October rose 9.8 percent.

Russia’s output of oil products is expected to fall by about 2.5 percent in 2017 due to further work on a massive refinery modernisation programme aimed at boosting fuel quality, a deputy energy minister said.

In commodities, oil prices were steady, as markets took a wait-and-see approach to output cuts by both OPEC and non-OPEC producers that are due to start in less than a week.

U.S. crude CLc1 added 0.1 percent to $53.10 a barrel. Global benchmark Brent LCOc1 slipped 0.1 percent to $55.10.


Reference: Reuters

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