China's NDRC said to raise gas prices by CNY 1,160/ton and diesel prices by CNY 1,115/ton, effective March 24th; adds measures will be temporarily used to regulate oil prices
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Japan's largest trade union group Rengo says prelim data shows average wage hikes of 5.26% for 2026 (vs last year's prelim 5.46%)
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China's NDRC said to raise gas prices by CNY 1,160/ton and diesel prices by CNY 1,115/ton, effective March 24th; adds measures will be temporarily used to regulate oil prices
Newsquawk Daily European Equity Opening News - 23rd March 2026
South Korean retail traders on Monday purchased a record KRW 7tln of KOSPI stocks
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Context
The increase in gas and diesel prices by China's NDRC reflects efforts to manage domestic energy costs and could signal tighter supply conditions in the market. This move may translate into higher energy prices globally, impacting oil prices like WTI as markets adjust to the regulatory changes. Traders should monitor how this influences demand dynamics across commodities and related sectors.
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