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Forex News
Siemens Q1 Net Profit Surges, Orders Down; Backs FY25 View; Stock Up
Shares of Siemens AG were gaining around 6 percent in the German trading on the XETRA after the conglomerate on Thursday reported significantly higher profit in its first quarter, benefited by a gain on sale of Innomotics, and confirmed fiscal 2025 comparable revenue growth outlook. This was despite reporting weak earnings from continuing operations and orders in the quarter.
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145 days ago
U.S. Producer Prices Rise Slightly More Than Expected In January
Following yesterday's hotter than expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices also increased by slightly more than anticipated in the month of January.
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145 days ago
U.S. Weekly Jobless Claims Dip Slightly More Than Expected
First-time claims for U.S. unemployment benefits fell by slightly more than expected in the week ended February 8th, according to a report released by the Labor Department on Thursday.
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145 days ago
UK Economy Unexpectedly Returns To Growth
The U.K. economy logged a surprise expansion in the fourth quarter of 2024, but the mild growth is unlikely to ease the pressure on the Chancellor who aims to turbocharge growth. Gross domestic product grew 0.1 percent from the third quarter, when there was nil growth, the Office for National Statistics reported Thursday.
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145 days ago
Bay Street Likely To Open With Positive Bias
Canadian shares may open with a positive bias Thursday morning, tracking higher metal prices. Weak crude oil prices could trigger some selling in the energy space and limit market's upside.
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145 days ago
Eurozone Industrial Output Falls More Than Expected
Eurozone industrial production registered a bigger-than-expected decline in December on sharp falls in capital a
Industrial output fell 1.1 percent in December from November. The fall was deeper than the forecast of 0.6 percent also reversed the 0.4 percent increase in November. Among major industrial groupings, only non-durable consumer goods and energy production improved from the last month.
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145 days ago
Sensex, Nifty Give Up Early Gains
Indian shares erased early gains to end on a flat note Thursday due to prevailing uncertainty over U.S. President Donald Trump's plans for reciprocal tariffs and amid the weekly F&O expiry.
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145 days ago
more news
FTSE Drifts Lower Despite Fairly Decent Economic Data
Despite some encouraging economic data, the U.K. market is down in negative territory Thursday morning as investors react cautiously to mixed earnings updates.
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145 days ago
CAC 40 Rises To 9-month High As Investors React To Earnings
Despite lingering concerns about fresh U.S. tariffs and global growth outlook, French stocks are notably higher Thursday morning with investors reacting to quarterly earnings updates and betting on more monetary easing by the European Central Bank.
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145 days ago
Philippine Central Bank Unexpectedly Retains Policy Rates
The Philippine central bank unexpectedly left its interest rates unchanged after cutting it for three straight times amid heightened uncertainty over US trade policy. The Monetary Board of the Bangko Sentral ng Pilipinas decided to hold the target reverse repurchase rate at 5.75 percent. The interest rates on the overnight deposit and lending facilities were kept unchanged.
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145 days ago
European Shares Mixed; FTSE 100 Dips As Pound Jumps On Upbeat GDP Data
European stocks were broadly higher on Thursday amid improving prospects for a peace settlement in Russia-Ukraine war.
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145 days ago
Dax Holds Firm After Hitting Fresh Record High
German stocks are up in positive territory, extending gains to a fourth straight session, as investors continue to shrug off trade war concerns and stay focused on earnings and other corporate developments.
Data showing a moderation in the nation's consumer price inflation is also aiding sentiment.
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145 days ago
Pound Rises After Upbeat U.K. GDP Data
The British pound strengthened against other major currencies in the European session on Thursday, after the U.K. economy expanded unexpectedly in the fourth quarter, underpinned by services and construction output.
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145 days ago
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