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Pound Falls As U.K. Retail Sales Drop More Than Expected
The pound weakened against its major counterparts in the European session on Friday, as weaker than expected U.K. retail sales data for July reduced possibility of more interest rate hikes from the Bank of England.
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653 days ago
Sensex, Nifty Follow Global Peers Lower
Indian shares ended slightly lower on Friday as risk-off sentiment prevailed in global financial markets amid fears of U.S. interest rates remaining higher for longer and concerns about spreading debt defaults in China's property market.
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653 days ago
European Shares Extend Declines For Fourth Day
European stocks were moving lower on Friday, extending losses for a fourth consecutive session on renewed concerns surrounding China's slowing growth and the prospect of further interest rate hikes by the Federal Reserve.
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653 days ago
China's Evergrande Files For Bankruptcy Protection In US
Amid the deepening real estate crisis in China, embattled property giant China Evergrande Group has filed for Chapter 15 bankruptcy protection in New York. Chapter 15 allows heavily-indebted company like Evergrande to protect its assets in the US amid its restructuring efforts. China's second-largest property developer, with debts estimated to total more than $300 billion, defaulted on its debt r
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653 days ago
FTSE 100 Slips On Downbeat Retail Sales Data
U.K. stocks fell on Friday after data showed U.K. retail sales registered a bigger-than-expected fall in July as a result of poor weather and the rising cost-of-living.
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653 days ago
CAC 40 Declines On Interest-rate Fears
French stocks traded lower on Friday as bond yields hit a 15-year high on fears that major central banks will keep interest rates higher for longer to tame inflation.
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653 days ago
DAX Extends Losses On China Growth Concerns
German stocks declined on Friday to extend losses from the previous session on China growth concerns and fears of further interest-rate hikes by the U.S. Federal Reserve.
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653 days ago
more news
Asian Shares Mostly Lower On China Concerns, US Rate Uncertainty
Asian stocks ended mostly lower on Friday amid lingering worries about the Chinese economy and higher interest rates.
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653 days ago
UK Retail Sales Fall More Than Expected
UK retail sales registered a bigger-than-expected fall in July as poor weather reduced footfall as the rising cost-of-living hurt household consumption, data released by the Office for National Statistics revealed on Friday. The retail sales volume declined 1.2 percent month-on-month in July, offsetting June's 0.6 percent increase. This was the first drop in four months. Sales were forecast to fa
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654 days ago
European Shares Poised For Lower Open On China Woes
European stocks may open lower on Friday amid concerns about spreading debt defaults in China's property market and shadow banking industry.
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654 days ago
European Economic News Preview: UK Retail Sales Data Due
Retail sales from the UK and final inflation from the euro area are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics is set to issue UK retail sales for July. Sales are forecast to fall 0.5 percent on month, in contrast to the 0.7 percent rise in June.
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654 days ago
Sensex, Nifty Open Lower As IT Stocks Drag
Indian shares opened on a subdued note Friday after yields on long-term U.S. Treasury Notes climbed to a 16-year high on fears of further interest rate hikes by the Federal Reserve.
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654 days ago
Asian Markets Track Global Markets Lower
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from global markets overnight, on renewed concerns over a Chinese economic slowdown and fears of a debt meltdown in the country's property sector. China's second-largest property developer, the embattled China Evergrande Group, has filed for Chapter 15 bankruptcy protection in New York.
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654 days ago
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