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European Economic News Preview: UK Manufacturing PMI Data Due
(RTTNews) - Manufacturing Purchasing Managers' survey data from the UK is the top economic news due on Wednesday.
At 3.00 am ET, UK Nationwide house price data is due. House prices are forecast to fall 4.8 percent on a yearly basis in October after a 5.3 percent decrease in September.
In the meantime, manufacturing PMI data is due from Turkey.
At 3.30 am ET, Sweden manufacturing PMI survey results are due.
At 5.30 am ET, UK S&P/CIPS final manufacturing PMI survey results are due. The flash estimate showed that the index rose to 45.2 in October from 44.3 in September.
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French Inflation Cools; Economy Expands As Estimated
France's consumer price inflation softened in August on weaker growth in transport costs and the economy logged a faster growth as estimated in the second quarter, official data revealed Friday. Consumer price inflation weakened marginally to 0.9 percent in August from 1.0 percent in July, provisional data from the statistical office INSEE showed.
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The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Friday, as traders await the July Personal Consumption Expenditures (PCE) price index due later in the day.
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Asian stocks ended mixed on Friday as caution prevailed ahead of a key U.S. inflation report due later in the day that might show core personal consumption expenditures prices rose 2.9 percent in July, the fastest pace in five months.
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NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Friday.
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Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Friday.
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