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New York Manufacturing Index Rebounds More Than Expected In February
A report released by the Federal Reserve Bank of New York on Tuesday showed a turnaround by regional manufacturing activity in the month of February. The New York Fed said its general business conditions index jumped to a positive 5.7 in February after slumping to a negative 12.6 in January, with a positive reading indicating growth. Economists had expected the index to climb to a negative 1.0.
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New York Manufacturing Index Unexpectedly Turns Positive In February
A report released by the Federal Reserve Bank of New York on Tuesday showed a turnaround by regional manufacturing activity in the month of February.
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Bay Street May Open Higher; Inflation Data Eyed
Canadian shares are likely to open on positive note Tuesday morning, tracking higher oil and metal prices. However, Canada's consumer price inflation data, due before the opening bell, holds the key.
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German Investor Sentiment Rebounds Ahead Of Federal Election: ZEW
German economic confidence logged its strongest improvement in the past two years in February ahead of the federal election as financial experts expect fiscal stimulus from the new government and also foresee better outlook for construction on the back of interest rate cuts, results of the closely watched survey by the think tank ZEW showed on Tuesday.
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UK Jobless Rate Remains Stable, Wage Growth Accelerates
The UK unemployment rate remained unchanged, but wage growth picked up in the fourth quarter, supporting the Bank of England's cautious approach to further policy cuts. The jobless rate came in at 4.4 percent in the three months to December, the same as in the preceding period, the Office for National Statistics said on Tuesday. Economists had forecast the rate to rise to 4.5 percent.
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Southwest Airlines To Cut 15% Of Corporate Jobs
Shares of Southwest Airlines Co. were gaining around 2 percent in the pre-market activity on the NYSE after the airline announced around 15% reduction in its corporate workforce, the first time in its 53-year history, as part of its cost cut initiatives. Aiming for a leaner and more agile organization under its transformational plan, the company plans to reduce around 1,750 employee roles...
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FTSE 100 Up Marginally As Investors React To Earnings, Jobs Data
After edging up marginally at the start, U.K. stocks retreated a bit and are quite subdued in late morning trade Tuesday, with investors digesting the nation's jobs data and corporate earnings updates.
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CAC 40 Roughly Flat In Lackluster Trade
French stocks are turning in a mixed performance in lackluster trade Tuesday morning as investors continue to follow the developments on the geopolitical front, and react to quarterly earnings updates.
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Sensex, Nifty End Marginally Lower Amid Volatility
Indian shares ended little changed on Tuesday after trading in the red all through the day.
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DAX Modestly Lower In Cautious Trade
German stocks are drifting lower Tuesday morning after opening marginally up, as investors continue to monitory the developments on the geopolitical front.
The focus is on U.S. - Russia talks on Ukraine, and the European leaders' views on the developments in Ukraine and discussions about the deployment of troops to Ukraine and raising defense spending.
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Pound Rises After U.K. Employment Data
The British pound strengthened against other major currencies in the European session on Tuesday, following the release of positive U.K. employment figures for the three months ending December.
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Pound Rises Against Majors
The British pound strengthened against other major currencies in the European session on Tuesday.
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European Shares Slip Into Red After Positive Start
European stocks slipped into the red on Tuesday after opening on a firm note earlier amid Ukraine war developments.
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