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Forex News
ECB Lowers Rates, EZ Growth Outlook Amid Rising Uncertainty; Signals Pause Ahead
The European Central Bank cut its key interest rates for the fifth policy session in a row and also lowered the growth forecast for the euro area mainly due to prospects of weak exports and investment in the backdrop of high trade uncertainty amid the tariffs war, and signaled a pause in the easing cycle as policy is now deemed less restrictive.
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125 days ago
U.S. Wholesale Inventories Climb Slightly More Than Expected In January
A report released by the Commerce Department on Thursday showed wholesale inventories in the U.S. increased by slightly more than expected in the month of January. The Commerce Department said wholesale inventories climbed by 0.8 percent in January after falling by a revised 0.4 percent in February.
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125 days ago
U.S. Labor Productivity Jumps More Than Previously Estimated In Q4
Labor productivity in the U.S. grew by more than previously estimated in the fourth quarter of 2024, according to a report released by the Labor Department on Thursday. The report said labor productivity shot up by 1.5 percent in the fourth quarter compared to the previously reported 1.2 percent jump. Economists had expected the increase in labor productivity to be unrevised.
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125 days ago
U.S. Jobless Claims Dip More Than Expected To 221,000
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 1st. The report said initial jobless claims dipped to 221,000, a decrease of 21,000 from the previous week's unrevised level of 242,000
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125 days ago
U.S. Trade Deficit Soars To Record High In January
Reflecting a spike by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by more than expected in the month of January. The Commerce Department said the trade deficit surged to a record high of $131.4 billion in January from a revised $98.1 billion in December.
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125 days ago
Bay Street Likely To Open Lower
Lower Canadian and U.S. futures and weak metal prices point to a negative start on Bay Street Thursday morning.
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125 days ago
U.S. Trade Deficit Widens More Than Expected In January
Reflecting a spike by the value of imports, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened by more than expected in the month of January.
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125 days ago
more news
U.S. Weekly Jobless Claims Dip More Than Expected
With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended March 3rd.
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125 days ago
Eurozone Retail Sales Fall Unexpectedly
Eurozone retail sales declined unexpectedly in January on non-food and auto fuel sales, official data showed on Thursday. Retail sales registered a monthly drop of 0.3 percent, confounding expectations for an increase of 0.1 percent. The statistical office revised up retail sales for December to nil growth from the initial estimate of 0.2 percent fall.
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125 days ago
Turkey Central Bank Slashes Rate By 250 Bps
Turkey's central bank lowered its benchmark rate for the third straight time on Thursday as the underlying trend of inflation softened. The Monetary Policy Committee, headed by Yasar Fatih Karahan, decided to reduce the policy rate to 42.5 percent from 45.0 percent, as widely expected. The bank had reduced the rate by 250 basis points each in December and January.
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125 days ago
Air France-KLM Stock Climbs On Narrower Q4 Loss, Positive Outlook
Shares of Air France-KLM Group were gaining more than 20 percent in the morning trade in Paris after the airline reported Thursday narrower net loss and significantly higher EBITDA, a key earnings metric, in its fourth quarter amid good growth in passenger traffic, capacity and load factor. Further, the company projects capacity growth in fiscal 2025, and maintained medium term outlook.
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125 days ago
FTSE 100 Down More Than 1%
U.K. stocks are down firmly in negative territory Thursday morning with investors taking some profits, while reacting to corporate earnings updates and awaiting the European Central Bank's interest rate decision later in the day.
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125 days ago
CAC Modestly Lower On Profit Taking
After a positive start, the French stock market retreated Thursday morning, and is modestly lower now with investors taking some profits at a few frontline counters.
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125 days ago
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