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Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the early European session on Wednesday, after the U.K. economy contracted in June on weaker out-turns in the services and industrial sectors, suggesting that the region is heading for a mild recession in the second half of the year.

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CAC 40 Slips As Eurozone Industrial Output Falls

French stocks declined on Wednesday after data showed Eurozone industrial production fell more than expected in July.

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Euro Little Changed After Eurozone Industrial Production

At 5.00 am ET Wednesday, Eurostat has published euro area industrial production for July. After the data, the euro changed little against its major rivals.

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DAX Slips On Inflation Worries

German stocks drifted lower on Wednesday as investors braced for key U.S. inflation data, due later in the day that could provide clues on whether policymakers will keep rates higher for longer. Rising crude prices also fuelled inflation worries. International crude prices traded around 10-month highs today on concerns over Libya output and OPEC cuts. The benchmark DAX was down 94 points, or 0.6 percent, at 15,621 after losing half a percent in the previous session. Automakers were broadly higher, with BMW and Volkswagen both rising about half a percent, after the EU announced an investigation into Chinese subsidies for electric vehicles. European Commission President Ursula von der Leyen said Europe was "open to competition but not for a race to the bottom."

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Euro Mixed Ahead Of Eurozone Industrial Production

At 5.00 am ET Wednesday, Eurostat is scheduled to issue euro area industrial production for July. Industrial output is expected to fall 0.7 percent month-on-month, in contrast to the 0.5 percent increase in June.

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UK Economy Shrinks In July

The UK economy contracted in June on weaker out-turns in the services and industrial sectors, suggesting that the region is heading for a mild recession in the second half of the year. Real gross domestic product fell 0.5 percent in July, offsetting June's 0.5 percent increase, the Office for National Statistics reported Wednesday.

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Asian Shares Mostly Lower Ahead Of US Inflation Report

Asian stocks ended mostly lower on Wednesday as investors braced for key U.S. inflation data due later in the day that could influence rate hike expectations.

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Pound Slides Against Majors

The British pound weakened against other major currencies in the early European session on Wednesday.

RTTNews | vor 639 Tagen

Antipodean Currencies Fall As Asian Shares Traded Lower

Antipodean currencies such as the Australia and the New Zealand dollar weakened against its major counterparts in the Asian session on Wednesday, as traders remained cautious ahead of the release of a key U.S. inflation data later in the day that could influence the outlook for interest rates. Inflation fears due to the continued spike in crude oil prices also weighed on sentiment.

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Verizon To Offer All New Apple IPhone 15, Watch Lineup

Telecom major Verizon Communications Inc. said it will offer Apple Inc.'s all new lineup of iPhone 15 and iPhone 15 Plus, as well as Apple Watch Series 9 and Apple Watch Ultra 2. Verizon will also offer iPhone 15 Pro and iPhone 15 Pro Max, Apple's lightest Pro models ever. The new Apple Watch lineup also includes the second generation of Apple Watch SE, and AirPods Pro.

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Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Wednesday.

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European Shares To See Cautious Start As US Inflation Data Looms

European stocks are seen opening on a subdued note Wednesday as investors await U.S. consumer price inflation data later in the day that might show that price pressures accelerated in August from the prior month due to rising fuel prices and strong consumer spending.

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