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European Shares Inch Lower With All Eyes On Lagarde
European stocks were broadly lower in cautious trade on Thursday ahead of a European Central Bank rate (ECB) decision later in the day.
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FTSE 100 Declines As Rate Cut Hopes Fade
U.K. stocks slipped into the red on Thursday after Bank of England (BoE) policymaker Megan Greene said interest rate cuts in the U.K. should be a way off" and that Britain has a higher risk of persistent inflation than the U.S.
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Potato Salad, Ice Cream Sandwiches & Gelato Recalled For Undeclared Allergens
The U.S. Food and Drug Administration announced recalls of Kowalski Simply Sides - Jack's Potato Salad by Hamtramck, Michigan-based Home Style Foods, Inc. as well as Ice Cream Sandwiches and Gelato by Fort Myers, Florida-based Belgian Yummies, citing undeclared allergens. Kowalski Simply Sides - Jack's Potato Salad may contain undeclared egg...
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CAC 40 Gains As Investors Await Rate-cut Cues
French stocks traded slightly higher on Thursday ahead of a European Central Bank rate (ECB) decision later in the day.
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DAX Edges Lower Ahead Of ECB Decision
German stocks edged down slightly on Thursday as investors looked ahead to a monetary policy decision by the European Central Bank and remarks by president Christine Lagarde for clues on the timeline for interest-rate cuts.
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Asian Shares Mixed After US, Chinese Inflation Data
Asian stocks ended mixed on Thursday as hotter-than-expected U.S. inflation data stoked fresh uncertainty about the pace of Federal Reserve rate cuts this year.
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China Inflation Eases More Than Expected; Producer Prices Fall Further
China's consumer price inflation slowed more than expected in March and producer prices continued to decline, reflecting the existence of deep deflationary pressures.
The consumer price index gained only 0.1 percent on a yearly basis in March, the National Bureau of Statistics said Thursday. This was slower than the 0.7 percent rise in February and also weaker than economists' forecast.
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European Economic News Preview: ECB Policy Decision Due
The monetary policy announcement from the European Central Bank is the top event due on Thursday. The ECB is widely expected to keep its main refinancing rate unchanged at 4.50 percent today. Markets anticipate first rate cut in June as policymakers await to see fresh round of staff projections, GDP growth and wage growth figures for the first quarter.
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Chinese Yuan Slides To 8-day Low Against U.S. Dollar
The Chinese yuan weakened against the U.S. dollar in the Asian session on Thursday.
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European Shares Seen Broadly Lower As Focus Shifts To ECB
European stocks are seen opening broadly lower on Thursday as investors digest the latest inflation data from China and await a European Central Bank (ECB) policy meeting.
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Oregon Spice, Baron Spices Recall Seasonings For Undeclared Allergens
Portland, Oregon-based Oregon Spice Co. and St. Louis, Missouri-based Baron Spices, Inc. are recalling select seasonings citing undeclared allergens, according to the U.S. Food and Drug Administration. Oregon Spice's Johnny's Parmesan Garlic Seasoning 5oz may contain undeclared sesame, while Baron Spices' Blues Hog Sweet & Savory Seasoning is likely to contain undeclared soy and wheat.
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China Inflation Sinks 1.0% On Month In March
Consumer prices in China fell 1.0 percent on month in March, the National Bureau of Statistics said on Thursday.
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Asian Markets Track Wall Street Lower
Following the broadly negative cues from Wall Street overnight, Asian stock markets are trading mostly lower on Thursday, amid fading hopes of an interest rate cut anytime soon by the US Fed after latest data showed a bigger than expected increase in U.S. consumer price inflation in March. The inflation data also caused a surge in treasury yields. Asian Markets closed mixed on Wednesday.
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