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European Stocks Close On Buoyant Note On Strong Economic Data
European stocks closed higher on Friday as data showing a slowdown in eurozone inflation, and strong U.S. economic data helped offset concerns about higher interest rates.
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U.S. Consumer Sentiment Rebounds More Than Previously Estimated In June
The University of Michigan released revised data on Friday showing U.S. consumer sentiment improved by more than previously estimated in the month of June. The report said the consumer sentiment index for June was upwardly revised to 64.4 from the preliminary reading of 63.9. Economists had expected the index to be unrevised.
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Chicago Business Barometer Inches Up Less Than Expected In June
Largely reflecting a less-stark contraction in production, MNI Indicators released a report on Friday showing a modest slowdown in the pace of contraction in Chicago-area business activity in the month of June.
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U.S. Consumer Price Growth Slows Dramatically In May, Personal Income Climbs 0.4%
A report released by the Commerce Department showed a dramatic slowdown in the annual rate of U.S. consumer price growth in the month of May. The report said the annual rate of consumer price growth slowed to 3.8 percent in May from 4.3 percent in April. The slowdown surprised economists, who had expected growth to accelerate to 4.6 percent.
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Před 1178 dny
U.S. Personal Income Increases In Line With Estimates In May, Consumer Price Growth Slows
The Commerce Department released a report on Friday showing personal income in U.S. increased in line with economist estimates in the month of May. The report said personal income climbed by 0.4 percent in May after rising by a downwardly revised 0.3 percent in April.
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Bay Street Likely To Open Higher; GDP Data In Focus
Canadian shares are likely to open higher Friday morning, tracking positive cues from Europe. Data on Canadian GDP is likely to provide some direction as well.
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Eurozone Inflation Weakest Since Early 2022, Jobless Rate At Historic Low
Eurozone inflation slowed to the lowest level in more than a year in June on falling energy prices but core inflation ticked up, raising the need for further tightening to get a grip on inflationary pressures. Separate data showed that the unemployment rate in the 20-nation currency bloc remained at a historic low in May, which in turn sparks inflation concerns.
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Před 1178 dny
more news
Euro Lower As Eurozone Inflation Eases
The euro was subdued on Friday, after a data showed that the region's inflation fell more than expected in June.
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Před 1178 dny
Hydro One Reaches Tentative Settlements With Power Workers' Union For Two Collective Agreements
Electric utility Hydro One Ltd. (H.TO) announced Friday it has reached tentative settlements for two collective agreements with the Power Workers' Union (PWU) covering employees in front-line roles across the company's operations in Ontario.
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Před 1178 dny
Sensex, Nifty End At Record Highs
Indian shares rallied on Friday, with robust foreign fund inflows and the advance of southwest monsoon into remaining parts of the country boosting sentiment.
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UK GDP Growth Confirmed At 0.1%
The UK economy expanded modestly in the first quarter, as initially estimated, underpinned by services and production, revised data from the Office for National Statistics showed on Friday. Gross domestic product registered a sequential growth of 0.1 percent in the first quarter.
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Před 1178 dny
European Shares Rise As Inflation Falls More Than Expected
European shares traded higher on Friday, as positive inflation and labor market data helped ease concerns around economic recovery and interest-rate hikes. Hopes of more policy stimulus from China also boosted sentiment.
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Před 1178 dny
FTSE 100 Gains Led By Commodity Stocks
U.K. stocks rose on Friday as weak manufacturing and non-manufacturing data from China raised bets of more stimulus measures.
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Před 1178 dny
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