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Forex News
DAX Tumbles On Inflation, Growth Worries
German stocks fell sharply on Friday and bond yields extended their climb, as worries about inflation and interest-rate rises gripped markets.
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994 days ago
Asian Shares Mostly Lower On Recession Fears
Asian stocks ended broadly lower on Friday and the dollar rose with Treasury yields as hawkish signals from Federal Reserve officials ramped up fears of a U.S. recession.
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994 days ago
UK Budget Logs Second Biggest September Deficit
The UK budget deficit reached its second highest September level since the monthly records began in 1993, the Office for National Statistics said Friday. Excluding public sector banks, public sector net borrowing was GBP 20.0 billion in September, which was GBP 2.2 billion more than in September 2021. The current borrowing was GBP 5.2 billion more than the OBR forecast.
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994 days ago
UK Retail Sales Fall More Than Expected
The decline in UK retail sales deepened unexpectedly in September as the rising cost of living weighed on the volume of spending, and also the holiday on account of the state funeral reduced sales. Retail sales dropped 1.4 percent month-on-month, following a revised 1.7 percent decline in August, the Office for National Statistics reported Friday.
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994 days ago
European Shares Seen Lower As Yields Jump To Multi-year Highs
European stocks are seen opening a tad lower on Friday as investors keep an eye on rising bond yields and weigh the risks of recession.
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994 days ago
Sensex, Nifty Modestly Higher; Axis Bank Shares Climb 6%
Indian shares opened a tad higher on Friday, shrugging off mixed global cues as investors weigh the impact of aggressive interest rate hikes from major central banks on growth.
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994 days ago
European Economics Preview: UK Public Sector Finance, Retail Sales Data Due
Public sector finances and retail sales from the UK are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK public sector borrowing and retail sales data. The budget deficit is seen widening to GBP 17.5 billion from GBP 11.8 billion in August. Retail sales are forecast to fall 0.5 percent on month in September.
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994 days ago
more news
Asian Markets Mixed Amid Cautious Trades
Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, with traders remaining cautious as concerns about the outlook for interest rates continue to drive global yields higher. Meanwhile, the U.S. dollar retreated and shed a bit of ground against most of its Asian major counterparts. Asian markets ended mostly lower on Thursday.
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994 days ago
Sensex, Nifty Seen Flat Amid Surging Treasury Yields
Indian shares may open flat to slightly lower on Friday as investors await earnings results from heavyweight Reliance Industries, which is expected to post robust earnings growth for the July- September quarter.
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994 days ago
Thai Stock Market Likely To Remain Rangebound
The Thai stock market bounced higher again on Thursday, one day after ending the two-day winning streak in which it had gathered almost 30 points or 2 percent. The Stock Exchange of Thailand now rests just above the 1,590-point plateau although it may head south again on Friday.
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994 days ago
Japanese Market Modestly Lower
The Japanese stock market is modestly lower on Friday, extending the losses in the previous session, with the benchmark Nikkei 225 falling below the 27,000 mark, following the negative cues from Wall Street overnight, with traders cautious after domestic inflation data came in line with expectations and unchanged from last month. The yen also breached the 150 level against the dollar.
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994 days ago
Indonesia Stock Market Due For Consolidation
The Indonesia stock market has climbed higher in four straight sessions, gathering almost 170 points or 2.6 percent along the way. The Jakarta Composite Index now rests just above the 6,980-point plateau although it's likely to run out of steam on Thursday.
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994 days ago
Australian Market Significantly Lower
The Australian stock market is significantly lower on Friday, extending the losses in the previous session, with the benchmark S&P/ASX 200 falling below the 6,700 level, following the broadly negative cues from Wall Street overnight, with weakness across most sectors, led by financial stocks, amid surging global bond yields.
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994 days ago
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