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Sensex, Nifty Rally As US Recession Worries Ease

Indian shares followed global peers higher on Friday after new data showed first-time claims for U.S. unemployment benefits pulled back by more than expected in the week ended August 3rd, helping ease concerns about the strength of the labor market.
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European Shares Gain As Economic Worries Ease

European Shares Gain As Economic Worries Ease

European stocks climbed on Friday after the number of Americans filing new applications for unemployment benefits fell more than expected last week, calming fears the U.S. economy is heading for a recession.
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FTSE 100 Rises As US Recession Worries Ease

FTSE 100 Rises As US Recession Worries Ease

U.K. stocks advanced on Friday as positive weekly jobless claims data eased some of worries of a recession in the world's largest economy.
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Asian Shares Mostly Higher As US Data Brings Relief

Asian Shares Mostly Higher As US Data Brings Relief

Asian stocks ended a turbulent week on a positive note Friday as encouraging U.S. labor market data brought some relief to investors worried about a slowing economy.
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China Inflation At 5-Month High

China Inflation At 5-Month High

China's consumer price inflation rose more than expected to a five-month high in July amid Beijing struggling to kickstart household consumption as the road to achieve about 5 percent growth target remains challenging. Consumer prices posted an annual increase of 0.5 percent after rising 0.2 percent in June, the National Bureau of Statistics reported Friday.
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Samsung Recalls 1.1 Mln Electric Ranges For Fire Risk

Samsung Recalls 1.1 Mln Electric Ranges For Fire Risk

South Korean consumer electronics major Samsung Electronics Co Ltd. is recalling about 1.12 million units of Slide-in Electric Ranges after reports of around 250 fires, some of which caused injuries, extensive property damage and pet deaths, the U.S. Consumer Product Safety Commission said.
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European Economic News Preview: Germany Final Inflation Data Due

European Economic News Preview: Germany Final Inflation Data Due

Final inflation figures from Germany and Italy are the major economic reports due on Friday. At 2.00 am ET, Destatis is scheduled to issue Germany's final consumer and harmonized prices for July. The statistical office is expected to confirm 2.3 percent consumer price inflation for July.
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European Shares Seen Opening Up As Economic Fears Ease

European Shares Seen Opening Up As Economic Fears Ease

European stocks are likely to open higher on Friday as new data on the U.S. labor market suggested that the economy may not be headed into the downward spiral that traders had feared after the release of last week's worse-than-expected monthly payrolls report for July.
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Sensex, Nifty Rally On Firm Global Cues

Sensex, Nifty Rally On Firm Global Cues

Indian shares were sharply higher in early trade on Friday as the latest weekly jobless claims data came in below forecasts, boosting investors' confidence in the U.S. economy.
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Asian Markets Track Wall Street Higher

Asian Markets Track Wall Street Higher

Asian stock markets are trading mostly higher on Friday, following the positive cues from Wall Street overnight, as concerns about the world's largest economy slipping into a recession eased after data released showed a bigger than expected drop in first-time claims for U.S. unemployment benefits last week. This also raised the prospects of a series of interest rate cuts in the upcoming months.
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Japanese Market Sharply Higher

Japanese Market Sharply Higher

Reversing the losses in the previous session, the Japanese stock market is trading sharply higher on Friday, following the broadly positive cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 35,400 level, with gains across all sectors led by index heavyweights and financial stocks.
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