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Australia Rate Decision On Tap For Tuesday
The Reserve Bank of Australia will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is widely expected to keep its benchmark lending rate unchanged at 3.60 percent.
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8 days ago
Canadian Stocks Turning In Mixed Performance; TSX Down Marginally
Canadian stocks are turning in a mixed performance on Monday, with investors reacting earnings announcements and economic updates, in addition to weighing the recent trade talks between top Canadian and U.S. officials.
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8 days ago
Swiss Market Pares Early Gains, Settles Flat
Save for a brief while during the closing minutes, Switzerland's SMI index stayed positive on Monday, but still ended the session with just a slender gain as several stocks pared early gains due to a lack of support at higher levels.
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8 days ago
European Stocks Close Higher As Investors Asses Economic Data, Recent Earnings
European markets closed mostly higher on Monday, led by gains in the banking and automobile sectors.
Investors assessed U.S.-China trade discussions, recent earnings updates, and digested the latest batch of regional economic data, in addition to awaiting the Bank of England's monetary policy announcement due this week.
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8 days ago
U.S. Manufacturing Index Unexpectedly Edges Lower In October
Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of October, according to a report released by the Institute for Supply Management on Monday. The ISM said its manufacturing PMI slipped to 48.7 in October after edging up to 49.1 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 49.5.
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9 days ago
Bay Street Likely To Open On Positive Note
Canadian shares are likely to open higher Monday morning, with firm metal prices expected to trigger buying in the materials sector. The focus will be on the developments on the trade front and corporate earnings announcements.
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9 days ago
FedEx Study Reveals $126 Bln Contribution In Direct & Indirect Impact To Global Economy In FY25
FedEx Corp. has contributed $126 billion in direct and indirect impact to the global economy in fiscal 2025, according to the logistics major's annual Global Economic Impact Report. The company delivered $1.6 billion in direct and indirect impact in the Middle East, Indian Subcontinent, and Africa or MEISA region.
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9 days ago
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UK Manufacturing PMI At 1-Year High
The UK manufacturing activity shrank in October but the pace of contraction was the slowest in a year, the final purchasing managers' survey from S&P Global revealed on Monday. The factory Purchasing Managers' Index rose to a 12-month high of 49.7 in October from 46.2 in September. The flash reading was 49.6.
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9 days ago
Eurozone Manufacturing Sector Stagnates In October
Eurozone manufacturing sector stagnated in October, as initially estimated, following a fractional deterioration in September, the purchasing managers' survey compiled by S&P Global showed on Monday. The final Purchasing Managers' Index posted 50.0 in October, signalling no change in the operating conditions in the manufacturing sector. The score matched the initial estimate and remained above S
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9 days ago
FTSE 100 Up Marginally In Cautious Trade
U.K.'s stock market's FTSE 100 is gaining some ground in positive territory on Monday, with stocks from the banking sector attracting attention ahead of the Bank of England's monetary policy announcement this week.
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9 days ago
Fed's Hawkish Guidance Lifts Dollar
A drastic reduction in Fed rate cut hopes in the aftermath of the hawkish forward guidance by Chair Jerome Powell boosted the U.S. Dollar during the week ended October 31.
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9 days ago
CAC Modestly Higher; Renault Up After Announcing Stake Sale In Brazil Venture
French stocks are modestly higher on Monday with investors continuing to digest the latest quarterly earnings, and reacting to the data showing an improvement in the nation's manufacturing activity in the month of October.
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9 days ago
DAX Rises Over 1% As Banks, Auto Stocks Rally
The German market is up firmly in positive territory on Monday, led by gains in automobile and banking sectors. The undertone remains firm with investors continuing to assess recent earnings announcements, and looking ahead to a fresh batch of economic data from the region and the U.S.
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9 days ago
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