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Swiss Market Ends On Bright Note
Despite data showing a drop in the nation's consumer confidence, the Switzerland stock market ended on a bright note on Thursday, tracking positive global markets amid rising optimism about the outlook for interest rates.
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569天前
European Stocks Close On Strong Note On Optimism About Outlook For Interest Rates
Optimism about the outlook for interest rates and some encouraging earnings updates drove stock prices up in European markets on Thursday. Investors also digested a slew of economic data from the region.
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569天前
U.S. Factory Orders Surge More Than Expected In September
Reflecting a surge in orders for durable goods, the Commerce Department released a report on Thursday showing new orders for U.S. manufactured goods jumped by more than expected in the month of September. The Commerce Department said factory orders shot up by 2.8 percent after climbing by a downwardly revised 1.0 percent in August.
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569天前
U.S. Labor Productivity Surges In Q3, Labor Costs Unexpectedly Turn Lower
A report released by the Labor Department on Thursday showed U.S. labor productivity shot up by more than expected in the third quarter of 2023, while the report also showed an unexpected downturn in unit labor costs during the quarter.
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569天前
Pound Firms As BoE Maintains Status Quo On Rate
The pound advanced against its most major counterparts in the European session on Thursday, as the Bank of England left its benchmark interest rate unchanged for the second straight meeting and indicated that the rate will remain higher for an extended period.
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569天前
Hawkish BoE Holds Rate At 15-Year High
The Bank of England left its benchmark interest rate unchanged for the second straight meeting on Thursday as economic activity in the UK is projected to be weaker than previously estimated and the labor market showed signs of loosening, and the bank vowed to keep the policy restrictive for sufficiently long to bring inflation back to the target sustainably.
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569天前
U.S. Jobless Claims Unexpectedly Edge Higher For Second Straight Week
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended October 28th. Initial jobless claims edged higher for the second consecutive week after falling to a nearly nine-month low of 200,000 in the week ended October 14th.
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569天前
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U.S. Labor Productivity Surges More Than Expected In Q3
Labor productivity in the U.S. shot up by more than expected in the third quarter of 2023, according to a report released by the Labor Department on Thursday. The Labor Department said labor productivity soared by 4.7 percent in the third quarter after surging by a revised 3.6 percent in the second quarter.
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569天前
U.S. Weekly Jobless Claims Unexpectedly Edge Higher
The Labor Department released a report on Thursday showing an unexpected uptick in first-time claims for U.S. unemployment benefits in the week ended October 28th. The report said initial jobless claims crept up to 217,000, an increase of 5,000 from the previous week's revised level of 212,000.
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569天前
Pound Climbs After BoE Decision
As expected, the Bank of England kept the bank rate unchanged at 5.25 percent. Following the decision, the pound firmed against its major counterparts.
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569天前
Bay Street Looks Headed For Positive Start
Positive Asian and European stock markets and rising commodity prices point to a firm start for Canadian shares on Thursday. Optimism that the Federal Reserve is done with raising interest rates is likely to render the mood fairly bullish.
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569天前
Pound Mixed Ahead Of BoE Decision
The monetary policy announcement from the Bank of England is due at 8.00 am ET Thursday. The BoE is widely expected to keep the bank rate unchanged for the second straight meeting.
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569天前
Eurozone Manufacturing Activity Slump On Orders, Production
Euro area manufacturing activity shrunk substantially in October due to accelerated contractions in new orders and production, the purchasing managers' survey results published by S&P Global revealed on Thursday. The HCOB manufacturing Purchasing Managers' Index, or PMI dropped to a three-month low of 43.1 in October from 43.4 in September. The score was slightly above the flash 43.0.
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569天前
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