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Powell Says Fed Doesn't Need To Be In A Hurry To Lower Rates

Following the Federal Reserve's decision to lower interest rates by a quarter point last week, Fed Chair Jerome Powell said in remarks on Thursday that the central bank does not "need to be in a hurry to lower rates" due to the strength of the economy.
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Canadian Market Up Firmly In Positive Territory

Canadian Market Up Firmly In Positive Territory

The Canadian market is modestly higher Thursday afternoon with energy stocks turning in a fine performance. Utilities, consumer staples and materials shares are among the other prominent gainers.
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Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

After languishing in negative territory till noon, Swiss stocks moved higher on Thursday and ended the session on a firm note, in line with markets across Europe.
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European Stocks Close Higher On Strong GDP Data, Earnings

European Stocks Close Higher On Strong GDP Data, Earnings

European stocks closed higher on Thursday, recovering from recent losses, as investors assessed the most recent global economic data, including U.S. inflation and euro area GDP reports, and reacted to a slew of quarterly earnings and other corporate news.
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U.S. Jobless Claims Unexpectedly Dip To Nearly Six-Month Low

U.S. Jobless Claims Unexpectedly Dip To Nearly Six-Month Low

First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 9th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to inch up to 223,000.
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U.S. Producer Prices Rise 0.2% In October, In Line With Estimates

U.S. Producer Prices Rise 0.2% In October, In Line With Estimates

After yesterday's consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October. The Labor Department said its producer price index for final demand rose by 0.2 percent in October following a revised 0.1 percent uptick in September.
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U.S. Producer Prices Increase In Line With Estimates In October

U.S. Producer Prices Increase In Line With Estimates In October

After yesterday's consumer price inflation data matched expectations, the Labor Department released a separate report on Thursday showing producer prices in the U.S. also increased in line with economist estimates in the month of October.
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U.S. Weekly Jobless Claims Unexpectedly Edge Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Lower

First-time claims for U.S. unemployment benefits unexpectedly edged lower in the week ended November 9th, according to a report released by the Labor Department on Thursday.
RTTNews | 259 दिनों पहले
Siemens Q4 Profit, Orders Rise; Sees Growth Ahead; Stock Up

Siemens Q4 Profit, Orders Rise; Sees Growth Ahead; Stock Up

Shares of Siemens AG were gaining around 6 percent in the morning trading on Germany's XETRA after the conglomerate on Thursday issued positive revenue outlook for fiscal 2025, after reporting higher profit and orders in its fourth quarter. Further, Siemens President and CEO Roland Busch reportedly announced potential cut of up to 5,000 jobs worldwide in its factory automation business.
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Eurozone GDP Growth Confirmed At 0.4%; Employment Rises

Eurozone GDP Growth Confirmed At 0.4%; Employment Rises

The euro area economy expanded as initially estimated in the third quarter and employment growth showed an improvement, data from Eurostat showed on Thursday. Gross domestic product climbed 0.4 percent sequentially, which was double the 0.2 percent expansion seen in the second quarter, flash estimate showed.
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Canadian Market Likely To Open Higher

Canadian Market Likely To Open Higher

Higher Canadian and U.S. futures, and firm crude oil prices point to a positive start on Bay Street on Thursday. The focus will be on earnings, and Fed Chair Jerome Powell's speech, as well as on U.S. producer price inflation data.
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Sensex, Nifty Extend Losses For Sixth Day

Sensex, Nifty Extend Losses For Sixth Day

Indian shares moved in a narrow range before finishing marginally lower on Thursday ahead of a public holiday for markets on Friday for Guru Nanak Jayanti.
RTTNews | 259 दिनों पहले

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