Forex News
Losing Streak May Continue For South Korea Shares
Ahead of Thursday's holiday for National Day, the South Korea stock market had finished lower in three straight sessions, stumbling almost 110 points or 4.2 percent along the way. The KOSPI now sits just above the 2,560-point plateau and it may extend its losses on Friday.
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103 days ago
Canadian Market Ends On Weak Note; Energy Stocks Move Higher
The Canadian market ended weak on Thursday, weighed down by losses in real estate, materials and utilities sectors. However, the downside was just marginal thanks to strong and sustained buying at several counters in the energy sector.
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103 days ago
Australia Home Loan Data Due On Friday
Australia will on Friday release August figures for new home loans, highlighting a light day for Asia-Pacific economic activity. In July, overall home loans were up 2.9 percent on month, while investment lending climbed 5.4 percent.
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103 days ago
Dollar Rises Against Major Counterparts Ahead Of Jobs Data
The U.S. dollar climbed higher on Thursday as data showing a stronger than expected jump in U.S. service sector activity in the month of September dimmed prospects of any aggressive reduction in interest rate cuts by the Federal Reserve in the coming months.
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103 days ago
Swiss Market Ends Notably Lower
After edging up slightly at the start, the Switzerland market slipped and languished in negative territory right through the trading session on Thursday, as worries about geopolitical tensions and some weak euro area economic data rendered the mood bearish.
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103 days ago
U.S. Dollar Extends Gains As Solid PMI Data Reduces Prospects Of Aggressive Rate Cut
The U.S. dollar extended gains against its major counterparts in the New York session on Thursday, as the nation's service sector activity climbed more than expected in September, reducing the likelihood of a 50 basis point rate cut by the Federal Reserve at the meeting in November.
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103 days ago
European Stocks Close Weak On Geopolitical Tensions, Weak Euro Area Economic Data
European stocks closed lower on Thursday as rising tensions in the Middle East and uncertainty about China's growth outlook despite the recent stimulus measures weighed on investor sentiment. Weak Euro area private sector data hurt as well.
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103 days ago
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Canadian Shares Slightly Weak In Cautious Trade
Canadian shares are down in negative territory on Thursday, weighed down by concerns about tensions in the Middle East, and data showing another contraction in Canadian services sector activity. Gains in energy stocks thanks to higher oil prices, help limit the market's downside.
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103 days ago
U.S. Factory Orders Unexpectedly Dip 0.2% In August
A report released by the Commerce Department on Thursday unexpectedly showed a modest pullback by new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders dipped by 0.2 percent in August after surging by a slightly downwardly revised 4.9 percent in July. Economists had expected factory orders to rise by 0.2 percent.
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103 days ago
U.S. Services Index Jumps To Highest Level In Well Over A Year In September
A reading on U.S. service sector activity climbed by much more than expected in the month of September, reaching its highest level in well over a year, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI shot up to 54.9 in September from 51.5 in August, with a reading above 50 indicating growth.
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103 days ago
Microsoft To Invest EUR 4.3 Bln In Italy To Boost AI, Cloud
Microsoft Corp. will be investing 4.3 billion euros in Italy in the next two years, aiming to expand the country's hyperscale cloud and artificial intelligence or AI datacenter infrastructure. In its largest investment in Italy to date, the tech giant said it will also provide digital skills training to more than 1 million Italians by the end of 2025.
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103 days ago
U.S. Jobless Claims Rebound Modestly From Four-Month Low
A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing an uptick by first-time claims for U.S. unemployment benefits in the week ended September 28th. The report said initial jobless claims rose to 225,000 last week, an increase of 6,000 from the previous week's revised level of 219,000.
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103 days ago
Bank Of England Could Cut Rates 'More Aggressively', Says Bailey
The Bank of England could move a "bit more aggressively" on interest rate cuts, Governor Andrew Bailey said in an interview with The Guardian newspaper, published online on Thursday, causing a steep fall in the pound to a near three-week low. The BoE had reduced its benchmark rate by a quarter-point in August, which was the first reduction since March 2020.
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103 days ago
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