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Weak Metal Prices May Weigh On Canadian Market; Inflation Rate Drops In January
Canadian shares look headed for a weak start Tuesday morning, tracking a sell-off in precious metals. Data showing a drop in Canadian inflation rate may aid sentiment.
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207 days ago
New York Manufacturing Index Edges Down Less Than Expected In February
The Federal Reserve Bank of New York released a report on Tuesday showing a modest increase in regional manufacturing activity in the month of February.
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207 days ago
UK Unemployment Rate Near 5-Year High
The UK unemployment rate reached a near five-year high and wage growth softened in the fourth quarter, strengthening the case for the Bank of England to cut interest rates in March. The unemployment rate rose to 5.2 percent in the three months to December from 5.1 percent in the preceding period, the Office for National Statistics reported Tuesday.
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207 days ago
FTSE 100 Up Nearly 0.5% As Weak Jobs Data Fuels Rate Cut Hopes
The UK stock market's FTSE 100 remains firmly up around its record high a little past noon on Tuesday, extending gains to a third straight session.
Data showing an increase in the nation's unemployment rate has raised expectations of another rate cut by the Bank of England.
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207 days ago
CAC 40 Flat In Cautious Trading
French stocks are turning in a mixed performance on Tuesday with investors closely following the developments on the geopolitical front and awaiting final inflation data due on Wednesday.
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207 days ago
Pound Falls As U.K. Weak Jobs Data Spurs BoE Rate Cut Bets
The British pound weakened against other major currencies in the European session on Tuesday, as weak labor market data reinforced expectations that the Bank of England may cut interest rates as soon as March.
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207 days ago
German Market Recovers From Early Setback, Up Marginally
The German stock market is modestly higher on Tuesday in cautious trading with investors digesting the final inflation data and continuing to follow geopolitical news.
Germany's consumer price inflation accelerated in January, as estimated, on higher food and services costs, final data from Destatis revealed today.
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207 days ago
more news
German Economic Confidence Falls Unexpectedly
German economic confidence weakened unexpectedly in February after a strong rebound at the start of the year, the financial market survey conducted by the think tank ZEW showed Tuesday. The ZEW indicator of economic sentiment dropped to 58.3 in February from 59.6 in January, which was the highest since July 2021. The score was forecast to rise further to 65.2.
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207 days ago
Dollar Index Slips Amidst Economic Data, Yen Strength
The U.S. dollar declined against major currencies during the week ended February 13 amidst a softening in consumer price inflation that renewed expectations of monetary easing by the Federal Reserve.
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207 days ago
Pound Falls Against Majors
The British pound weakened against other major currencies in the European session on Tuesday.
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207 days ago
Indian Shares End Higher On Easing Geopolitical Tensions, IT Stocks Shine
Indian shares eked out modest gains on Tuesday amid easing tensions surrounding Iran and Russia.
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207 days ago
Yen Rises Amid BoJ Rate Hike Speculation
The Japanese yen strengthened against other major currencies in the Asian session on Tuesday, as traders remain optimistic that the policies of Prime Minister Sanae Takaichi would stimulate the economy and encourage the Bank of Japan (BoJ) to continue on its road toward normalization.
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207 days ago
European Shares Inch Higher In Cautious Trade
European stocks were flat to slightly higher on Tuesday, with geopolitics and upcoming U.S. economic data in the spotlight.
Defense stocks were mostly lower amid easing geopolitical tensions in Iran and Russia.
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207 days ago
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