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Forex News
Swiss Franc Higher Against Most Majors
The Swiss franc rose against its most major counterparts in the New York session on Wednesday.
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156 days ago
U.S. Services Index Unexpectedly Indicates Modestly Slower Growth In January
Service sector growth in the U.S. unexpectedly slowed modestly in the month of January, according to a report released by the Institute for Supply Management on Wednesday. The ISM said its services PMI dipped to 52.8 in January from a revised 54.0 in December. While a reading above 50 still indicates growth, economists had expected the index to inch up to 54.3.
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156 days ago
U.S. Trade Deficit Spikes To Over Two-Year High In December
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged. The Commerce Department said the trade deficit spiked to $98.4 billion in December from a revised $78.9 billion in November. Economists had expected the trade deficit to jump to $96.6 billion.
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156 days ago
U.S. Private Sector Job Growth Exceeds Estimates In January
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January. ADP said private sector employment climbed by 183,000 jobs in January after rising by an upwardly revised 176,000 jobs in December. Economists had expected private sector employment to rise by 150,000 jobs.
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156 days ago
GSK Stock Up On Q4 Results, Positive Outlook; Plans To Buyback GBP 2 Bln Shares
Shares of GSK Plc. were gaining around 6 percent on the London Stock Exchange, as well as in the pre-market activity on the NYSE, after the British drug maker reported Wednesday a higher fourth-quarter results and issued positive outlook for fiscal 2025. The company further raised its sales view for fiscal 2031, and announced dividends and 2 billion pounds share buyback programme.
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156 days ago
U.S. Trade Deficit Widens Significant In December As Imports Jump, Exports Plunge
A report released by the Commerce Department on Wednesday showed the U.S. trade deficit widened significantly in December, as imports surged and exports plunged.
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156 days ago
U.S. Private Sector Employment Increases More Than Expected In January
Payroll processor ADP released a report on Wednesday showing private sector employment in the U.S. increased by more than expected in the month of January.
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156 days ago
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UK Car Sales Continue To Fall, EV Share Rises: SMMT
The UK car market contracted for the fourth straight month in January due to weak consumer confidence and tough economic conditions, but the market share of electric vehicles increased, data from the Society of Motor manufacturers and Traders or SMMT, showed on Wednesday. Car registrations decreased 2.5 percent on a yearly basis to 139,345 units in January.
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156 days ago
Bay Street Likely To See Mixed Open
Canadian shares may open on a mixed note Wednesday morning, tracking mixed commodity markets, and on lingering concerns about the impact of Trump administration's trade policies on the outlook for global economic growth.
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156 days ago
UK Services Growth Eases On Renewed Fall In New Work
The UK service sector growth eased more than initially estimated in January as new work declined for the first time since October 2023, survey results from S&P Global showed on Wednesday. The S&P Global services Purchasing Managers' Index registered 50.8 in January, down from 51.1 in December and was also below the flash estimate of 51.2.
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156 days ago
FTSE 100 Roughly Flat; GSK Rises Over 5%
UK stocks are moving in a tight band Wednesday morning with investors largely focusing on earnings updates, and digesting the data on the nation's manufacturing and services sector activity for the month of January.
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156 days ago
Eurozone Private Sector Expands For First Time In Five Months
Eurozone private sector expanded for the first time in five months in January as factory production showed a slower decline amid a softer growth in services activity, final survey results from S&P Global showed on Wednesday. The HCOB composite output index rose to 50.2 in January, in line with flash estimate, from 49.6 in December.
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156 days ago
CAC 40 Modestly Lower In Cautious Trade
French stocks are moving in a narrow range in cautious trades Wednesday morning amid lingering uncertainty about the Trump administration's trade policies.
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156 days ago
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