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Dollar Loses Ground On Soft Inflation Data
The U.S. dollar turned weak against its major counterparts on Thursday after data showed consumer prices in the U.S. rose less than expected in October, raising hopes the Federal Reserve will slow the pace of monetary tightening in the coming months.
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SMI Ends On Buoyant Note On Fading Concerns About Aggressive Rate Hikes
The Switzerland stock market ended on a buoyant note on Thursday, despite languishing in negative territory till about an hour past noon.
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European Stocks Close Sharply Higher On U.S. Inflation Data
After struggling for direction till around mid afternoon, European stocks flared up in the final hour of the session on Thursday after data showing a smaller than expected rise in U.S. consumer prices helped raise optimism the Fed will slow the pace of interest rate hike as early as next month.
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Canadian Stocks Rising Sharply On Soft U.S. Inflation Data
Canadian shares are up sharply on Thursday thanks to hectic buying across the board after data showing a smaller than expected increase in consumer prices in the U.S. helped raise optimism the Fed will slow the pace of interest rate hikes as early as next month.
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Slowdown In U.S. Consumer Inflation Pulls Down Dollar
The U.S. dollar moved down against its major rivals in the European session on Thursday, after a data showed that the nation's consumer prices increased less than expected in October, raising hopes for a slower pace of tightening by the Federal Reserve in the future.
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Boeing Finalizes Order For Two 777-8 Freighters With Silk Way West Airlines
Boeing Co. (BA) announced Thursday that Silk Way West Airlines has finalized an order of two 777-8 Freighters, with options for two additional airplanes. The two companies announced the agreement at a signing ceremony today at Boeing Commercial Airplanes' Seattle Delivery Center.
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U.S. Weekly Jobless Claims Inch Up To 225,000
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended November 5th. The Labor Department said initial jobless claims crept up to 225,000, an increase of 7,000 from the previous week's revised level of 218,000.
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U.S. Consumer Price Growth Slows More Than Expected In October
The Labor Department released a highly anticipated report on Thursday showing U.S. consumer prices increased by less than expected in the month of October. The report showed the consumer price index rose by 0.4 percent in October, matching the increase seen in September. Economists had expected consumer prices to climb by 0.6 percent.
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U.S. Weekly Jobless Claims Inch Up Slightly More Than Expected
A report released by the Labor Department on Thursday showed a modest increase in first-time claims for U.S. unemployment benefits in the week ended November 5th.
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U.S. Consumer Prices Climb Less Than Expected In October
The Labor Department released a highly anticipated report on Thursday showing U.S. consumer prices increased by less than expected in the month of October.
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Dollar Drops Following U.S. CPI
At 8:30 am ET Thursday, U.S. weekly jobless claims for the week ended November 5 and consumer inflation data for October have been released. After these data, the greenback fell against its major rivals.
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Biogen Appoints Christopher Viehbacher As President And CEO
Biotechnology company Biogen Inc. (BIIB) announced Thursday that its Board of Directors has appointed Christopher Viehbacher as President and Chief Executive Officer and a member of the Board of Directors, effective November 14. Viehbacher succeeds Michel Vounatsos, who has led the company since 2017.
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Dollar Mixed Ahead Of U.S. CPI
At 8:30 am ET Thursday, U.S. weekly jobless claims for the week ended November 5 and consumer inflation data for October are due. Ahead of these data, the greenback traded mixed against its major counterparts. While the currency retreated against the yen, it held steady against the rest of major rivals.
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