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Forex News
Japan Household Spending Slips 1.1% On Year In September
The average of household spending in Japan was down 1.1 percent on year in September, the Ministry of Economy, Trade and Industry said on Friday - coming in at 287,963 yen.
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243 days ago
Renewed Support Anticipated For Malaysia Stock Market
The Malaysia stock market on Thursday wrote a finish to the four-day winning streak in which it had advanced more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,625-point plateau although it's expected to bounce higher again on Friday.
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243 days ago
Tech Shares Likely To Boost South Korea Shares
The South Korea stock market on Thursday ended the two-day slide in which it had slumped more than 25 points or 1 percent. The KOSPI now sits just above the 2,560-point plateau and it may pick up steam on Friday.
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243 days ago
Japan Household Spending Data Due On Friday
Japan will on Friday release September figures for household spending, highlighting a light day for Asia-Pacific economic activity.
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243 days ago
U.S. Dollar Gives Back Ground After Yesterday's Surge
After surging during Wednesday's trading, the value of the U.S. dollar has shown a notable move back to the downside during trading on Thursday.
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243 days ago
Fed Lowers Interest Rates By Quarter Point, Attentive To Risks To Both Sides Of Dual Mandate
After aggressively slashing interest rates by half a percentage point in September, the Federal Reserve on Thursday announced its widely expected decision to lower rates by another quarter point. The Fed said it has decided to lower the target range for the federal funds rate by 25 basis points to 4.50 to 4.75 percent.
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243 days ago
U.S. Dollar Lower Ahead Of Fed Decision
The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as investors awaited the Federal Reserve's monetary policy announcement due shortly.
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243 days ago
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Swiss Market Ends On Firm Note
The Switzerland market closed on a firm note on Thursday, in line with markets across Europe, as investors picked up stocks, looking past concerns about Mid East tensions and any potential adverse geopolitical impact of Donald Trump's return to power as U.S. President.
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243 days ago
European Stocks Close Lower As Investors React To Earnings, BoE Rate Decision
European stocks closed higher on Thursday as an interest rate cut by the Bank of England (BoE), and some encouraging earnings updates and economic data helped underpin sentiment. Investors looked ahead to the Federal Reserve's monetary policy announcement, due later in the day.
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243 days ago
Canadian Market Extending Recent Gains
The Canadian market is up in positive territory a little past noon on Thursday, with stocks from technology and real estate sectors turning in a fine performance. Consumer discretionary, financials and materials stocks are also finding good support.
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243 days ago
U.S. Wholesale Inventories Dip Slightly More Than Expected In September
The Commerce Department released a report on Thursday showing wholesale inventories in the U.S. fell by slightly more than expected in the month of September. The report said wholesale inventories slipped by 0.2 percent in September after rising by 0.2 percent in August. Economists had expected wholesale inventories to edge down by 0.1 percent.
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243 days ago
U.S. Labor Productivity Surges 2.2% In Q3, Slightly Less Than Expected
Labor productivity in the U.S. increased by slightly less than expected in the third quarter, according to a report released by the Labor Department on Thursday, while unit labor costs rose by much more than expected. The Labor Department said labor productivity shot up by 2.2 percent in the third quarter after surging by a downwardly revised 2.1 percent in the second quarter.
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243 days ago
U.S. Weekly Jobless Claims Rebound Modestly From Five-Month Low
A report released by the Labor Department on Thursday showed a modest rebound by first-time claims for U.S. unemployment benefits in the week ended November 2nd. The Labor Department said initial jobless claims crept up to 221,000, an increase of 3,000 from the previous week's revised level of 218,000. The uptick came a week after jobless claims dropped to their lowest level since May.
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243 days ago
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