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U.S. Durable Goods Orders Unexpectedly Edge Higher In August
A report released by the Commerce Department on Wednesday unexpectedly showed a modest rebound in new orders for U.S. manufactured durable goods in the month of August.
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Dollar Little Changed After U.S. Durable Goods Orders
U.S. durable goods orders for August have been published at 8.30 am ET Wednesday. After the data, the greenback changed little against its major counterparts.
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Dollar Appreciates Ahead Of U.S. Durable Goods Orders
U.S. durable goods orders for August are due at 8.30 am ET Wednesday. Ahead of the data, the greenback firmed against its major counterparts.
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Pound Rises Against Most Majors
The pound advanced against its most major counterparts in the European session on Wednesday.
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Bay Street Likely To Open Higher On Firm Oil Prices
The Canadian market may open higher on Wednesday with energy stocks finding support on firm crude oil prices. The overall mood is likely to remain cautious as investors await more economic data amid persisting worries about inflation and interest rates.
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Thai Central Bank Hikes Rate By 25 Bps
Thailand's central bank lifted its key interest rate by another quarter point to the highest level in a decade and hinted that rates are unlikely to be raised again as inflation remains below target. The Monetary Policy Committee of the Bank of Thailand unanimously voted to raise the benchmark rate to 2.50 percent from 2.25 percent.
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Sensex, Nifty Reverse Early Losses To End Higher
Indian shares reversed early losses to end modestly higher on Wednesday, tracking gains in European markets and higher U.S. stock futures.
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German Consumer Confidence Set To Weaken Further
Germany's consumer confidence is set to erode again in October, as households turned more cautious on spending amid persistently high inflation and little chance of improvement in the economic outlook, resulting in a sharp rise in their saving intentions, results of the monthly survey by the market research group GfK showed Wednesday.
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European Shares Rebound On China Recovery Hopes
European stocks rose on Wednesday to snap a four-day winning streak after data showed profits at China's industrial firms in August posted a surprise surge of 17.2 percent from a year earlier.
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Asian Shares Mixed In Cautious Trade
Asian stocks ended mixed on Wednesday as investors grappled with the impact of higher interest rates on growth.
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Yen Rises Against Most Majors
The Japanese yen strengthened against most major currencies in the pre-European session on Wednesday.
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Target To Close Nine Stores Due To Theft, Organized Retail Crime
Retail major Target Corp. is closing nine stores across four states, effective October 21, citing increased theft and organized retail crime that threaten the safety of team and guests. In a statement, the company said it cannot continue operating these stores as theft and organized retail crime are also contributing to unsustainable business performance amid unsafe working and shopping...
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the pre-European session on Wednesday.
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