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U.S. Producer Prices Dip More Than Expected In May, Annual Growth Extends Slowdown
Producer prices in the U.S. decreased by more than expected in the month of May, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand fell by 0.3 percent in May after inching up by 0.2 percent in April. Economists had expected producer prices to edge down by 0.1 percent.
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U.S. Producer Prices Decrease More Than Expected In May
Producer prices in the U.S. decreased by more than expected in the month of May, according to a report released by the Labor Department on Wednesday.
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Pound Higher As European Shares Climb Ahead Of Fed Decision
The pound appreciated against its major rivals in the European session on Wednesday, as Fed pause hopes and encouraging data from Germany and the U.K. underpinned sentiment.
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Eurozone Industrial Production Rebounds In April
Eurozone industrial output rebounded in April underpinned by a strong bounce-back in capital goods production, data released by Eurostat showed on Wednesday. Industrial production posted a monthly increase of 1.0 percent, as expected, but reversed the revised 3.8 percent decrease in March.
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Bay Street Likely To Open Higher; Fed Policy In Focus
Canadian shares are likely to open on a positive note Wednesday morning, tracking firm European stocks and higher crude oil prices.
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India Wholesale Price Inflation Sinks Deeper Into Negative Territory
India's wholesale price inflation was negative for a second month in a row and prices decreased more than expected from a year ago, suggesting that inflationary pressures are set to ease in the months ahead and give more space for the central bank to maintain a pause in the monetary policy tightening.
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UK Economy Recovers On Services Output
The UK economy grew in April as declines in production and construction were offset by the services output growth, official data revealed on Wednesday. Real gross domestic product grew 0.2 percent in April, in contrast to the 0.3 percent contraction in March, the Office for National Statistics reported. The monthly growth matched economists' expectations.
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more news
Sensex, Nifty Extend Gains For Third Day On Fed Pause Hopes
Indian shares rose for a third consecutive session on Wednesday after overnight data showed U.S. consumer price inflation barely rose in May, reinforcing expectations the Federal Reserve would skip a rate hike later in the day.
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European Shares Gain Ahead Of Fed Decision
European stocks traded higher on Wednesday, with Fed pause hopes and encouraging data from Germany and the U.K. helping underpin sentiment.
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FTSE 100 Inches Higher After GDP Data
U.K. stocks edged higher on Wednesday after data showed retailers and the film industry helped Britain's economy inch higher in April as expected.
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CAC 40 Rises As Eurozone Industrial Output Improves
French stocks rose notably on Wednesday as signs of moderating U.S. inflation helped reinforce bets that the Federal Reserve would pause its rate hikes after a two-day policy meeting ending later in the day.
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DAX Rises On Fed Policy Optimism
German stocks advanced on Wednesday amid expectations of the U.S. Federal Reserve leaving interest rates unchanged after a two-day policy meeting later in the day.
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Asian Shares Mixed Ahead Of Fed Decision
Asian stocks ended mixed on Wednesday after overnight data showed U.S. consumer price inflation barely rose in May, reinforcing expectations the Federal Reserve would skip a rate hike later in the day.
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