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Forex News
Additional Support Anticipated For Singapore Shares
The Singapore stock market on Thursday ended the two-day slide in which it had fallen almost 20 points or 0.6 percent. The Straits Times Index now sits just above the 3,205-point plateau and it's poised to add to its winnings on Friday.
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652 days ago
Rebound Predicted For Malaysia Stock Market
Ahead of Thursday's holiday for the birth of the Prophet Muhammad, the Malaysia stock market had alternated between positive and negative finishes through the last five trading days, ultimately sinking 10 points or 0.7 percent in the process. The Kuala Lumpur Composite Index now sits just above the 1,440-point plateau and it figures to bounce higher again on Friday.
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652 days ago
Japan Data On Tap For Friday
Japan is scheduled to release a batch of data on Friday, headlining a busy day for Asia-Pacific economic activity. On tap are August numbers for unemployment, industrial production, retail sales, construction orders and housing starts, as well as September figures for Tokyo inflation and household confidence.
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652 days ago
Canadian Stocks Rebound From Recent Losses; TSX Ends 0.8% Up
After declining sharply in the previous two sessions, the Canadian market turned in a positive performance on Thursday with several stocks moving higher on bargain hunting.
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652 days ago
Dollar Loses Ground Against Major Counterparts
The U.S. dollar drifted lower on Thursday, coming off a 10-month high, with traders digesting the latest batch of economic data and looking ahead to the personal consumption data due on Friday.
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652 days ago
Swiss Market Ends Modestly Higher
After a choppy ride in early trades, the Switzerland stock market slipped into the red Thursday morning, but recovered gradually and finished modestly higher despite another sluggish spell.
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652 days ago
European Stocks Shrug Off Mid-session Setback, Close On Positive Note
European stocks shrugged off a mid morning setback and moved higher on Thursday, eventually snapping a five-day losing streak, as data showing a bigger than expected drop in Germany's consumer price inflation helped underpin sentiment.
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652 days ago
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Euro Higher Against Majors
The euro advanced against its major counterparts in the European session on Thursday, as the dollar took a breather after a strong rally.
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652 days ago
U.S. Pending Home Sales Plunge Much More Than Expected In August
A report released by the National Association of Realtors on Thursday showed a much steeper than expected drop in U.S. pending home sales in the month of August. NAR said its pending home sales plunged by 7.1 percent to 71.8 in August after rising by 0.5 percent to a downwardly revised 77.3 in July.
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652 days ago
U.S. Economic Growth Unrevised At 2.1% In Second Quarter
The Commerce Department released a report on Thursday showing the pace of U.S. economic growth in the second quarter of 2023 was unrevised from the previous estimate. The report said real gross domestic product increased by 2.1 percent in the second quarter, unrevised from the estimate provided last month. The unrevised reading matched economist estimates.
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652 days ago
U.S. Weekly Jobless Claims Show Slight Uptick From Seven-Month Low
After reporting first-time claims for U.S. unemployment benefits fell to a seven-month low in the previous week, the Labor Department released a report on Thursday showing a slight increase in initial jobless claims in the week ended September 23rd. The Labor Department said initial jobless claims crept up to 204,000, an increase of 2,000 from the previous week's revised level of 202,000.
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652 days ago
Allegiant Travel CEO John Redmond Resigns
Allegiant Travel Co. (ALGT) announced Thursday that John Redmond has resigned as chief executive officer and as a member of the Board of Directors effective immediately. Maurice Gallagher, former CEO, current executive chairman and one of the Company's largest stockholders, will resume the CEO role.
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652 days ago
German Inflation Weakest Since Early 2022
Germany inflation slowed in September to the lowest since the outbreak of the war in Ukraine, provisional data from Destatis showed on Thursday. The consumer price index registered an annual increase of 4.5 percent in September, following a 6.1 percent rise in August. This was the lowest rate since February 2022, when inflation stood at 4.3 percent.
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652 days ago
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