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European Economics Preview: Eurozone Final PMI Data Due
Flash Purchasing Mangers’ survey data from euro area is due on Monday, headlining a light day for the European economic news. Read Full Story
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Author Archives: Top News Editor
UK Budget Deficit Widens More Than Forecast
The UK budget deficit widened more-than-expected in June as debt interest increased notably after inflation lifted the cost of index-linked bonds. Public sector net borrowing, excluding interventions, increased by GBP 2.0 billion from a year ago to GBP 6.9 billion ...
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Draghi Urges Patience And Persistence On Inflation
Though the robust economic expansion provides confidence that euro area inflation will hit the target in future, it is yet to show any convincing trend of a pick up, prompting policymakers to delay a review of the massive stimulus until ...
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U.S. Leading Economic Index Climbs More Than Expected In June
Pointing to continued growth in the U.S. economy, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading economic indicators. The Conference Board said its leading economic index climbed by 0.6 ...
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Philly Fed Index Indicates Notably Slower Growth In July
Philadelphia-area manufacturing activity grew at a notably slower rate in the month of July, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its index for current manufacturing activity in the ...
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U.S. Weekly Jobless Claims Drop To Two-Month Low
A report released by the Labor Department on Thursday showed a much bigger than expected decrease in first-time claims for U.S. unemployment benefits in the week ended July 15th. The report said initial jobless claims fell to 233,000, a decrease ...
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ECB Keeps Markets Guessing On Tapering
There was no surprises from the European Central Bank on Thursday as it left its key interest rates and massive stimulus unchanged for an eleventh straight session, and also kept the forward guidance intact, thus retaining the downward bias on ...
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UK Retail Sales Recover On Warm Weather
UK retail sales recovered at a faster-than-expected pace in June as warm weather boosted clothing demand. Retail sales grew 0.6 percent month-on-month in June, reversing a 1.1 percent fall in May, data from the Office for National Statistics showed Thursday. ...
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ADB Lifts Developing Asia’s Growth Outlook
The Asian Development Bank raised its developing Asia’s growth outlook citing stronger-than-expected export demand. In its Asian Development Outlook, released Thursday, the bank upgraded developing Asia’s growth outlook for 2017 to 5.9 percent from 5.7 percent. Read Full Story
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Yen Falls As BOJ Lowers Inflation Forecast
The Japanese yen weakened against other major currencies in the Asian session on Thursday, after the Bank of Japan downgraded its outlook for inflation. Read Full Story
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