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New York Manufacturing Index Pulls Back Sharply In June But Still Indicates Growth
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plunged to 5.7 in June after jumping to 19.6 in May, although a positive reading still indicates growth.
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87 days ago
U.S. Industrial Production Inches Slightly Higher In May
A report released by the Federal Reserve on Monday showed a modest increase in industrial production in the U.S. in the month of May.
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87 days ago
UK House Prices Log Biggest June Fall In 14 Years: Rightmove
UK house prices posted their worst June performance in 14 years as competition to attract buyers remained fierce among sellers, the property website Rightmove said Monday. Average property prices declined 0.6 percent from May, which was the biggest June fall in fourteen years. This followed a 1.2 percent rise in May. On a yearly basis, house prices dropped 0.5 percent.
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87 days ago
New York Manufacturing Index Pulls Back More Than Expected In June
After posting strong growth last month, New York manufacturing activity increased modestly in the month of June, according to a report released by the Federal Reserve Bank of New York on Monday.
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87 days ago
Bay Street Likely To Open On Firm Note
Sharply higher Canadian and U.S. futures and rising precious metals prices thanks to U.S.-Iran peace deal agreement point to a firm start on Bay Street Monday morning.
The preliminary framework agreed to by the two nations includes halting the U.S. blockade of Iran and reopening of the Strait of Hormuz.
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87 days ago
FTSE 100 Pares Early Gains; Mining Stocks Stay Firm
Despite opening on a firm note, the UK stock market's benchmark index FTSE 100 slipped toward the flat line by noon on Monday with the mood turning cautious as investors looked ahead to the Bank of England's monetary policy meeting later this week.
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88 days ago
Swiss Franc Rises Against Majors
The Swiss franc strengthened against other major currencies in the European session on Monday.
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88 days ago
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CAC 40 Climbs Higher On U.S.-Iran Peace Deal, Weak Oil Prices
French stocks remained firmly up in positive territory a little past noon on Monday thanks to sustained buying at several counters as investors react to the news about U.S.-Iran peace deal and the sharp drop in oil prices.
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88 days ago
Indian Shares Surge As Oil Prices Slump On Iran Deal
Indian shares rose sharply on Monday, the rupee and government bonds got a lift, and oil prices plunged more than 5 percent to hit three-month lows after U.S. President Donald Trump announced a tentative peace deal with Iran, helping ease investor concerns about inflationary pressures and the potential impact on twin deficits.
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88 days ago
Eurozone Trade Balance Swings To Deficit
The euro area trade balance shifted to a deficit in April due to the surge in imports, according to official data released Monday. The trade balance showed a shortfall of EUR 1.0 billion compared to a surplus of EUR 4.9 billion in March. In the same period last year, the trade surplus totalled EUR 8.7 billion.
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88 days ago
Peace Deal Hopes, Soft Core CPI Dent Dollar
Better-than-expected core CPI data from the U.S as well as renewed hopes of a peace deal between the U.S. and Iran abetted the dollar's retreat during the week ended June 12.
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88 days ago
DAX Up 1.2% As Stocks Rally On U.S.-Iran Peace Deal
German stocks climbed higher on Monday, with investors cheering the news that Iran and the U.S. have agreed to a deal to end the Middle East war. Oil prices fell sharply, easing concerns about inflation and interest rates.
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88 days ago
Eurozone Industrial Output Rises Marginally
Eurozone industrial production logged a marginal expansion in April, with consumer and intermediate goods offsetting declines in capital and energy sectors, official data showed Monday. Industrial output rose 0.1 percent from March, when production advanced 0.4 percent, Eurostat reported. Output was expected to climb 0.2 percent. Nonetheless, this was the third consecutive rise in production.
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88 days ago
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