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European Economics Preview: UK Retail Sales, Public Sector Finance Data Due
Retail sales and public sector finances from the UK are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales and public sector finance data. Sales are forecast to fall 0.2 percent on month, slightly faster than the 0.1 percent drop in June. The budget deficit is seen at GBP 25.3 billion in July.
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1483 days ago
Sensex, Nifty Struggle For Direction In Early Trade
Indian shares struggled for direction in early trade on Friday, tracking mixed global cues and rising oil prices.
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1483 days ago
Asian Markets Mixed In Cautious Trades
Asian stock markets are trading mixed on Friday, following the broadly positive cues from global markets overnight, as traders remain cautious in making large moves amid uncertainty about the near-term outlook for the markets following recent strength. Worries about global economic slowdown and soaring inflation also weighed on sentiment. Asian markets ended mostly lower on Thursday.
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1483 days ago
Sensex, Nifty Seen Tad Lower As Oil Extends Rebound
Indian shares look set to open on a flat note Friday, with oil & energy stocks likely to be in focus after the government hiked the windfall profit tax on the export of diesel and brought back a tax on jet fuel exports.
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1483 days ago
Japanese Market Modestly Higher
The Japanese stock market is modestly higher on Friday, recouping some of the losses in the previous session, with the benchmark Nikkei 225 staying below the 29,000 mark, following the broadly positive cues from global markets overnight, with gains in exporters and technology stocks.
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1484 days ago
Australian Market Modestly Higher
The Australian stock market is modestly higher on Friday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,100 level, following the broadly positive cues from global markets overnight, with particular strength in energy stocks amid a spike in crude oil prices, partially offset weakness in financial stocks.
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1484 days ago
TSX Ends On Firm Note
The Canadian market ended moderately higher on Thursday thanks to strong gains in the energy sector after crude oil prices surged on concerns about supply outlook.
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1484 days ago
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Dollar Gains Against Major Counterparts
The U.S. dollar climbed higher and scored gains over its major counterparts on Thursday, riding on the minutes of the Federal Reserve's July meeting that showed the central bank will continue raising rates in the coming months.
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1484 days ago
Swiss Market Ends Modestly Higher
The Switzerland stock market shrugged off a weak start and a subsequent sluggish spell to end modestly higher on Thursday even as the mood remained cautious amid concerns about economic slowdown and soaring inflation.
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1484 days ago
European Stocks Close Higher After Choppy Ride
European stocks closed higher on Thursday after a choppy session as investors stayed largely cautious after the Fed minutes said the central bank will continue raising interest rates in the coming months in order to combat inflation.
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1484 days ago
Canadian Market Moderately Higher As Energy Stocks Rally
The Canadian market is up in positive territory around late morning on Thursday, riding on gains in energy and materials sectors thanks to higher commodity prices.
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1484 days ago
U.S. Leading Economic Index Declines For Fifth Straight Month In July
A report released by the Conference Board on Thursday showed a continued decrease by its reading on leading U.S. economic indicators in the month of July. The Conference Board said its leading economic index fell by 0.4 percent in July following a revised 0.7 percent decrease in June.
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1484 days ago
U.S. Existing Home Sales Extend Nosedive To New Two-Year Low In July
Existing home sales in the U.S. showed another significant decrease in the month of July, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales plunged by 5.9 percent to an annual rate of 4.81 million in July after tumbling by 5.5 percent to a revised rate of 5.11 million in June.
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1484 days ago
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