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CANADA STOCKS-TSX futures down on recession fears, BoC rate decision in focus

* BoC rate decision at 10 a.m. ET * Trader see a 65.6% chance of a 25 bps hike Dec 07 (Reuters) - Futures tracking Canadas main stockindex slipped on Wednesday on mounting recession worries, whileinvestors awaited the Bank of Canadas interest rate decisionlater in the day. Futures on the SP/TSX index were down 0.1% at 6:37a.m. ET, while their U.S. peers also slipped, a day after bigU.S. banks cautioned of slowing growth next year. The BoC is expected to

UPDATE 2-Japan's ruling party says it won't rule out any options for funding defence boost

(Adds estimate of amount of extra funding that tax hikes areexpected to cover in paragraph 8) By Tetsushi Kajimoto and Takaya Yamaguchi TOKYO, Dec 7 (Reuters) - Japans government will notrule out any measures to fund increases in defence spending, theruling Liberal Democratic Partys policy chief Koichi Hagiudasaid on Wednesday, when asked about possible additional debtissuance. Hagiuda however told reporters after a meeting with hiscoalition partner Yosuke Takagi of the

Nyrstar's Auby zinc plant on care and maintenance until further notice

LONDON, Dec 7 (Reuters) - Nyrstar has completedscheduled maintenance work at its Auby operation in NorthernFrance, but the smelter will not resume zinc production due tochallenging market conditions, the Belgium listed company saidon its website. Nyrstar did not specify the challenges. The plant will now be placed on care and maintenance untilfurther notice, Nyrstar said.This period will be used to bring forward future plannedinvestments to improve operational stability and efficiency ofthe

UPDATE 1-Chile consumer prices rise 1% in November, exceed estimates

(Adds analyst quotes) SANTIAGO, Dec 7 (Reuters) - Chiles inflation reached1.0% in November, government statistics agency INE said onWednesday, accelerating from the 0.5% reported in the previousmonth and well above an expected 0.45% in a Reuters poll ofeconomists. The monthly figure took the Andean countrys 12-month rateof consumer price increases to 13.3%, up from 12.8% last monthand reverting a two-month drop.The central banks target range is 2% to 4%. This is a bad report, showing that inflation pressuresremain relatively sticky, Andres Abadia, chief

UPDATE 1-China's reported gold reserves rise for first time since 2019

(Adds graphic) Dec 7 (Reuters) - Chinas central bank said on Wednesdayit had added 32 tonnes of gold worth around $1.8 billion to itsreserves, the first time it has disclosed an increase sinceSeptember 2019.The additions bring Chinas reported holdings at the end ofNovember to 1,980 tonnes, worth around $112 billion.China has the worlds sixth-largest official national goldreserves after countries including Russia, Germany and theUnited States, which is the biggest with 8,133.5 tonnes.China has sometimes reported no change to its

LIVE MARKETS-Winter is coming... and so are earnings downgrades

* STOXX 600 falls 0.5% * U.S. banks warn of recession * GSK surges after Zantac lawsuits dismissed * U.S. stock futures slip Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. Youcan share your thoughts with us at WINTER IS COMING... AND SO ARE EARNINGS DOWNGRADES (1143 GMT) Downgrades to European earnings estimates are picking up, as the regional economy bucklesunder the weight of red-hot inflation and tighter credit

Sterling edges back to near six-month peak, all eyes on rate outlook

By Samuel Indyk LONDON, Dec 7 (Reuters) - The pound edged higher againstthe dollar on Wednesday and traded near its highest level inalmost six months, as policymakers enter the quiet period aheadof crucial Bank of England, Federal Reserve and European CentralBank meetings.By 1111 GMT, the pound was up 0.3% against the dollar to$1.2170. It hit a near six-month high of $1.2345 on Monday. Against the euro, the pound was up 0.1% at 86.16 pence. After hitting a record low

UPDATE 1-Russia is concerned over oil tankers build-up in Bosphorus - RIA

(Adds quote, details) MOSCOW, Dec 7 (Reuters) - Russia is concerned about abuild-up of oil tankers in the Bosphorus Strait and isdiscussing the issue with insurance and transport companies, RIAcited Russian deputy foreign minister Alexander Grushko assaying on Wednesday. At least 20 oil tankers queuing off Turkey face more delaysto cross from Russias Black Sea ports to the Mediterranean asoperators race to adhere to new Turkish insurance rules addedahead of a G7 price

China's reported gold reserves rise for first time since 2019

Dec 7 (Reuters) - Chinas central bank said on Wednesdayit had added 32 tonnes of gold worth around $1.8 billion to itsreserves, the first time it has disclosed an increase sinceSeptember 2019.The additions bring Chinas reported holdings at the end ofNovember to 1,980 tonnes, worth around $112 billion.China has the worlds sixth-largest official national goldreserves after countries including Russia, Germany and theUnited States, which is the biggest with 8,133.5 tonnes.China has sometimes reported no change to its

Ghana hoping for IMF agreement by next week: finance ministry official

ACCRA, Dec 7 (Reuters) - Ghanas treasury and debtmanagement director Samuel Arkhurst said on Wednesday that if ateam from the International Monetary Fund (IMF) leaves without astaff-level agreement next week, it will delay and complicateeconomic recovery efforts.The IMF team is visiting Ghana until Dec. 13 as the countrynegotiates a relief package before the end of the year. (Reporting by Cooper Inveen; Writing by Nellie PeytonEditing by Bate Felix)