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DAX Edges Higher As Yields Ease
(RTTNews) - German stocks edged up slightly on Wednesday ahead of key eurozone data due out later in the day.
Helping underpin sentiment, data showed earlier in the day that the U.K.'s annual inflation rate fell sharply to a 17-month low of 6.8 percent in July, down from 7.9 percent in June due to a decline in annual food inflation.
The benchmark DAX was up 45 points, or 0.3 percent, at 15,812 after declining 0.9 percent in the previous session.
Eurozone bond yields fell today, with the benchmark Bund yield retreating from a 12-year high as China's economic woes mounted.
Data showed that China's house prices continued to decline in July, in a further sign of the property slowdown.
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U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August
The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.
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hace 2h 43min
Chicago Business Barometer Slumps Much More Than Expected In August
MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews
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hace 3h 1min
U.S. Consumer Prices Increase In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews
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hace 3h 45min
German Unemployment Exceeds 3 Mln
Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews
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hace 4h 14min
U.S. PCE Price Index Increased In Line With Estimates In July
Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.
RTTNews
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hace 4h 27min
Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus
Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.
RTTNews
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hace 4h 43min
Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus
Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.
RTTNews
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hace 5h 21min
Pound Slides Against Majors
The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.
RTTNews
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hace 5h 28min
