World Markets Daily News In Brief 23/10/2024

ASIA/PACIFIC -The Australian stock market closed slightly higher on Wednesday following the mixed cues from Wall Street overnight. -Asian stock markets traded mostly higher with only the Japanese index tumbling and shares of Japanese subway operator Tokyo Metro closing 45% higher after a stellar IPO. – The Institute of Finance

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OPEC again cuts its forecasts for world oil demand

The Organization of the Petroleum Exporting Countries (OPEC) cut its forecast for world oil demand growth in 2024 and also trimmed its expectation for 2025 marking the cartel’s second consecutive downward revision, mainly due to lower than previously expected oil demand growth from China, the world’s largest oil importer, and

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Chinese refined copper exports jump

China’s refined copper exports more than doubled to 157,751 tons in June from May, as weak domestic demand  prompted smelters to turn to overseas markets, data released by the customs authority revealed

DNV sees bullish growth in the bulker market in the coming years

Growing global demand for commodities and an extremely low newbuild activity between 2019 and 2022 have set the stage for bullish growth in the bulker market in the coming years, according to Oslo-based DNV. The world’s leading classification society and a recognized advisor for the maritime industry says bulker owners are

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