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Swiss Market Ends Higher For 4th Straight Day
After languishing in negative territory till more than an hour past noon on Thursday, the Switzerland market edged up gradually to eventually end the day's session marginally up.
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564 days ago
European Stocks Close Higher
European stocks closed higher on Thursday, with data showing a smaller than expected contraction in Eurozone business activity aiding sentiment a bit.
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564 days ago
UK Private Sector Economy Expands Modestly In November
The UK private sector activity almost stabilised in November after contracting in the previous three months, the purchasing managers' survey results from S&P Global and the Chartered Institute of Procurement & Supply showed on Thursday. The flash composite output index rose to a four-month high of 50.1 in November from 48.7 in the previous month. Any score above 50 indicates expansion.
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564 days ago
Pound Climbs As U.K. Private Sector Activity Expands Unexpectedly
The pound firmed against its major counterparts in the European session on Thursday, after a data showed that the nation's private sector activity returned to expansion in November.
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564 days ago
Riksbank Pauses Rate Hikes Unexpectedly
Sweden's central bank unexpectedly paused its monetary policy tightening but expressed willingness to raise the interest rate further if the inflation outlook deteriorate. The executive board of Riksbank decided to leave the policy rate unchanged at 4.00 percent, confounding expectations for an increase of 25 basis points.
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564 days ago
Eurozone PMI Signals Shallow Technical Recession
The ongoing downturn in the euro area private sector suggested that the region might have entered a shallow recession in the final quarter of 2023, according to the latest purchasing managers' survey results released by S&P Global on Thursday. The HCOB flash composite output index rose to 47.1 in November from 46.5 in October. The reading was also above economists' forecast of 46.9.
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564 days ago
Canadian Market Likely To Open On Subdued Note
It's likely to be a subdued start for stocks on Bay Street on Thursday amid a lack of fresh triggers. The U.S. market is closed today for Thanksgiving Day, and European stocks are somewhat flat with investors looking for direction.
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564 days ago
more news
Euro Advances As Eurozone PMI Beats Estimates
The euro was higher against its most major counterparts in the European session on Thursday, after a survey showed that the pace of contraction in the euro area business activity eased in November.
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564 days ago
Bank Indonesia Holds Rate Steady
Indonesia's central bank left its benchmark rate unchanged on Thursday after an unexpected quarter-point hike in October to curb the fall in the rupiah currency. The Board of Governors of Bank Indonesia, led by Governor Perry Warjiyo, decided to hold the seven-day reverse repo rate at 6.00 percent. The central bank has raised the key rate by 250 basis points in the current tightening cycle that
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564 days ago
Sensex, Nifty Give Up Early Gains To End Little Changed
Indian shares ended a choppy session on a flat note Thursday as healthcare stocks gained ground, offsetting losses among metal and realty stocks.
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564 days ago
European Shares Hold Steady Ahead Of ECB Minutes
European stocks were seeing modest gains on Thursday after a survey showed the euro area economy continued to contract in November, albeit at a slower pace with improvements seen across all sectors.
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564 days ago
FTSE 100 Edges Higher In Cautious Trade
U.K. stocks rose slightly on Thursday while the pound rebounded a little after falling the previous day in the wake of Chancellor Jeremy Hunt's Autumn Statement.
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564 days ago
CAC 40 Slightly Higher After PMI Data
French stocks were higher on Thursday amid expectations that the rate-hike cycle has ended globally, and rate cuts might begin next year.
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564 days ago
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