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Major European Markets Close Weak Amid Profit Taking, Geopolitical Tensions
Major European indices declined Wednesday as investors took profits following recent gains, with U.S.-Iran tensions and uncertainty over the Strait of Hormuz adding pressure. Soft inflation data raised hopes the Fed may hold interest rates steady.
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28 days ago
Canadian Market Stays Positive As Investors React To Earnings
The Canadian market's benchmark index S&P/TSX Composite Index moved up north on Wednesday, lifted by gains in materials and financials sectors. Despite paring some early gains, the index remained fairly well placed in positive territory a little past noon.
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28 days ago
U.S. Consumer Prices Inch Up In Line With Estimates In July, Annual Growth Edges Lower
Consumer prices in the U.S. crept slightly higher in the month of July, according to a closely watched report released by the Labor Department on Wednesday. The report said consumer prices inched up by 0.1 percent in July after falling by 0.4 percent in June. The uptick in consumer prices matched economist estimates.
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28 days ago
Bay Street May Open With Positive Bias
Canadian stocks may open with a positive bias on Wednesday, tracking higher oil and precious metals prices. Earnings news and U.S. consumer price inflation data are likely to make an impact on investor sentiment. The focus will also be on the developments in the Middle East.
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28 days ago
FTSE 100 Up Marginally; Miners Gain Ground
The U.K. market's benchmark index FTSE 100 dropped into negative territory Wednesday morning, and despite recovering lost ground subsequently, remained just marginally above the flat line as stocks kept swinging between gains and losses in cautious trade ahead of key U.S. inflation data.
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28 days ago
U.S. Dollar Climbs Against Pound, Franc
The U.S. dollar climbed against the pound and the franc in the New York session on Tuesday.
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28 days ago
French Equities Subdued Ahead Of U.S. Inflation Report
France's benchmark CAC 40 index declined 10.55 points to 8,704.39 as investors adopted a cautious stance ahead of U.S. inflation data that may signal Federal Reserve interest rate direction. Middle East tensions and Houthi shipping attacks weighed on sentiment.
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28 days ago
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Indian Shares End Off Day's Lows
Indian shares ended Wednesday's session modestly lower, extending losses from the previous session as Brent crude futures remained elevated near $89 a barrel on growing concerns about prolonged disruptions to supply.
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28 days ago
Gold Hovers Near 10-week High Ahead Of US Inflation Data
Gold prices were up more than 1 percent on Wednesday amid rising bets that the U.S. Federal Reserve will not hike interest rates anytime soon.
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28 days ago
German DAX Hits Record Despite July CPI Jump To 2.8%
German stocks reached a new record high Wednesday as the DAX climbed 0.43%, though consumer price inflation accelerated to 2.8% in July from 2.3% in June. Geopolitical tensions and shipping concerns limited gains.
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28 days ago
Oil Prices Hold Steady After Recent Gains
Oil prices held steady on Wednesday after recent strong gains amid skepticism that a U.S.-Iran deal would quickly restore Hormuz flows.
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28 days ago
Swiss Franc Falls Against Majors
The Swiss franc weakened against other major currencies in the European session on Tuesday.
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28 days ago
European Shares Subdued Ahead Of US Inflation Test
European stocks were subdued on Wednesday after the U.S. and Yemen's Iran-aligned Houthis reported separate attacks on shipping, raising concerns over further supply disruptions and denting prospects for ending the months-old Iran war.
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28 days ago
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