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European Economic News Preview: Italy Industrial Output Data
(RTTNews) - Industrial production from Italy and Spain are the major economic reports due on Wednesday.
At 2.00 am ET, Statistics Norway publishes consumer prices for August. In July, inflation advanced to 3.3 percent from 3.0 percent in June.
At 3.00 am ET, Statistics Spain is set to issue industrial production data for July. Output had climbed 2.3 percent on a yearly basis in June.
In the meantime, industrial output figures from Austria, Slovakia and Turkey are due.
At 4.00 am ET, Italy's industrial production data is due for July. Economists expect output to grow 0.1 percent on a monthly basis, following a 0.2 percent rise in June.
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U.S. Producer Prices Unexpectedly Edge Down 0.1% In August
Largely reflecting a sharp pullback in prices for trade services, the Labor Department released a report on Wednesday unexpectedly showing a modest decrease by producer prices in the U.S. in the month of August.
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Bay Street Seen Opening Higher
Canadian stocks are likely to open higher on Wednesday, tracking firm oil and metal prices. The mood may change a bit cautious at higher levels with investors looking ahead to the crucial U.S. inflation data, due later in the week.
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Sensex, Nifty Close On Firm Note Again
Indian stocks closed on a positive note on Wednesday, extending previous session's gains, amid expectations of further reduction in GST rates, and hopes of a larger than expected interest rate cut by the Federal Reserve.
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FTSE 100 Remains Steady ; ABF Tanks On Sales Warning
The U.K. market is modestly higher in late morning trades on Wednesday, with select frontline stocks finding good support. Movements are a bit lackluster with investors awaiting U.S. inflation data due later in the week.
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CAC 40 Modestly Higher On Fed Rate Cut Hopes, Easing Political Concerns
After opening modestly higher and moving up further, France's CAC 40 gave up some gains subsequently Wednesday morning, but remains in positive territory.
The undertone is fairly steady following the appointment of Sébastien Lecornu as France's new Prime Minister.
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Asian Markets Close Higher
Asian markets finished trading on a positive note, tracking the Wall Street rally on Tuesday.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the European session on Wednesday.
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