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European Economic News Preview: German Ifo Business Confidence Due
(RTTNews) - Business sentiment survey data from Germany is due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, Statistics Norway publishes unemployment data for December.
In the meantime, foreign trade figures from Sweden and capacity utilization from Turkey are due.
At 4.00 am ET, the ifo Institute is slated to release Germany's business confidence survey results. The business sentiment index is expected to rise to 84.9 in January from 84.7 a month ago.
Also, unemployment data is due from Poland.
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U.S. Jobless Claims Unexpectedly Climb To Nearly Four-Year High
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 263,000, an increase of 27,000 from the previous week's revised level of 236,000. Economists had expected jobless claims to edge down to 235,000.
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43 minutes ago
U.S. Consumer Prices Climb 0.4% In August, Slightly More Than Expected
Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August. The Labor Department said its consumer price index climbed by 0.4 percent in August after inching up by 0.2 percent in July.
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48 minutes ago
Turkish Central Bank Cuts Key Rates Sharply For Second Time
Turkey's central bank slashed its key interest rates for the second straight meeting on Thursday citing slowdown in the underlying trend of inflation. The Monetary Policy Committee of the Republic of Turkey decided to reduce the policy rate to 40.5 percent from 43.0 percent. Previously, the bank had reduced the rate by 300 basis points in July.
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1h 0min ago
U.S. Weekly Jobless Claims Unexpectedly Climb To 263,000
First-time claims for U.S. unemployment benefits unexpectedly increased in the week ended September 6th, according to a report released by the Labor Department on Thursday.
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2h 1min ago
U.S. Consumer Prices Climb Slightly More Than Expected In August
Following yesterday's report showing an unexpected dip by producer prices, the Labor Department released a separate report on Thursday showing U.S. consumer prices rose by slightly more than expected in the month of August.
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2h 4min ago
Bay Street May Open With Positive Bias; US CPI Data In Focus
The Canadian market may open with a positive bias on Thursday, but weak commodity prices could weigh on energy and metal stocks. The focus is on U.S. consumer price inflation data for the month of August.
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2h 13min ago
FTSE Up Firmly In Positive Territory; Compass Group Rises On Rating Upgrade
The U.K. market is up firmly in positive territory around noon on Thursday with stocks from mining and energy sectors finding good support.
Investors, reacting to some corporate news, are also looking ahead to the European Central Bank's policy announcement, and the U.S. inflation data due later in the day.
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3h 37min ago
Sensex, Nifty End Choppy Session Modestly Higher
Indian shares swung between gains and losses before ending slightly higher on Thursday amid optimism over GST reforms, hopes of Federal Reserve interest-rate cuts and comments from U.S. President Donald Trump that his administration is continuing negotiations to address trade barriers with India.
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4h 9min ago
