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U.S. Manufacturing Index Rises To Four-Year High In May
Manufacturing activity in the U.S. expanded for the fifth consecutive month in May, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI rose to 54.0 in May from 52.7 in April, with a reading above 50 indicating growth. Economists had expected the index to inch up to 53.1.
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101 days ago
Switzerland GDP Expands Less Than Estimated In Q1
The Swiss economy expanded less than estimated in the first quarter on subdued domestic demand, data from the State Secretariat for Economic Affairs, or SECO, showed Monday.
Gross domestic product grew 0.4 percent in the first quarter, which was revised down from the initial estimate of 0.5 percent.
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102 days ago
Dollar Added To Losses Last Week Amid Reports Of A U.S.-Iran Deal
The U.S. dollar declined against major currencies during the week ended May 29 amidst reports of a tentative deal between the U.S. and Iran that lifted global risk sentiment.
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102 days ago
Bay Street May Open Slightly Higher
The Canadian market may move up a bit Monday morning as energy stocks are likely to find support thanks to rising oil prices. Worries about Middle East tensions and continued uncertainty about U.S. and Iran striking a peace deal could limit market's upside.
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102 days ago
Eurozone Manufacturing Activity Growth Slows
The upturn in the euro area manufacturing sector lost momentum in May amid rising prices and supply disruptions due to the war in the Middle East, final survey results from S&P Global showed Monday. The manufacturing Purchasing Managers' Index fell to 51.6 in May from a near four-year high of 52.2 in the prior month. The flash score was 51.4.
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102 days ago
FTSE 100 Down Marginally; Easyjet Soars 10% On Takeover Interest
The UK stock market's benchmark index FTSE 100 moved in a tight band Monday morning as investors largely refrained from making significant moves amid uncertainty surrounding U.S.-Iran peace moves following the two nations exchanging fire over the weekend.
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102 days ago
Indian Shares End Notably Lower; IT Stocks Buck Trend
Indian shares fell notably on Monday, with a weaker rupee on continued FII selling and uncertainty over U.S.-Iran peace deal keeping investors nervous.
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102 days ago
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French Stocks Turning In Mixed Performance In Lackluster Trade
French stocks turned in a mixed performance Monday morning with investors largely staying cautious amid uncertainty surrounding U.S.-Iran peace talks. Worries about inflation due to higher crude oil prices, and data showing a contraction in French manufacturing activity in the month of April weighed as well on sentiment.
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102 days ago
Gold Subdued Below $4,500 On Iran Deal Uncertainty
Gold prices dipped below $4,500 an ounce on Monday as U.S.-Iran negotiations appear to have stalled, with both sides exchanging messages over the weekend seeking changes to a draft agreement aimed at prolonging a ceasefire and opening the Strait of Hormuz.
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102 days ago
DAX Modestly Higher In Cautious Trade
After a weak start, Germany's equity benchmark DAX moved modestly higher Monday morning amid cautious moves by investors. Worries about Middle East tensions and higher crude oil prices weighed on sentiment.
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102 days ago
European Shares Subdued As US And Iran Exchange Renewed Fire
European stocks were flat to slightly lower on Monday as investors weighed the latest developments in the Middle East and monitored oil prices movements.
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102 days ago
Asian Shares Mostly Higher On AI Optimism
Asian stocks ended mostly higher on Monday as expectations for continued demand for semiconductors and AI-related gear offset lingering uncertainty over a possible ceasefire extension in the Middle East.
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102 days ago
UK Nationwide House Prices Fall In May
UK house prices declined for the first time this year amid high uncertainty over the developments in the Middle East and its impact on inflation and market interest rates, data from Nationwide Building Society showed Monday. House prices dropped 0.6 percent month-on-month in May, in contrast to the 0.4 percent rise in the prior month. This was the first monthly drop so far this year.
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102 days ago
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