Chinese stock exchanges exempt companies from covid-affected areas of taxes
- U.S. energy firms this week reduced the number of #oil rigs active in the United States even as crude prices continued to trade over $100 a barrel
- Mainland Chinese stock exchanges have eliminated some of their taxes for companies located in areas where there have been outbreaks of covid in order to cushion the economic impact of the country's severe containment measures
- The #euro weakened but was set for its biggest weekly gains in six weeks as traders breathed a sigh of relief after Russia avoided default on dollar-denominated debt
- #BTCUSD plummeted 2.1%
- #WTIUSD exploded 1.4%
- #XAUUSD plummeted 1.1%
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