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European Economic News Preview: Eurozone Unemployment Data Due
(RTTNews) - Unemployment data from the euro area, Spain and Italy are due on Wednesday, headlining a light day for the European economic news.
At 3.00 am ET, Spain's monthly unemployment data for April is due. The number of people out of work had decreased 48,755 in March.
At 4.00 am ET, Italy's Istat is scheduled to issue unemployment data for March. The jobless rate is seen unchanged at 8.0 percent.
At 5.00 am ET, Eurozone unemployment report is due from Eurostat. Economists forecast the jobless rate to stay at 6.6 percent in March.
At 8.30 am ET, the Czech National Bank announces its monetary policy decision. The bank is expected to hold its key rate at 7.00 percent.
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Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data
Canadian stocks are turning in a mixed performance Wednesday morning with investors digesting the Bank of Canada's interest rate decision, and tamer than expected U.S. consumer price inflation data.
Worries about the U.S. Government's stance on tariffs, and the possibility of recession in the U.S., Canada and Mexico, are weighing on sentiment and limiting market's upside.
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5h 18min ago
Elon Musk's Starlink Partners With India's Jio And Airtel
Close on the heels of signing an agreement with one of India's telecom majors Airtel, Elon Musk's SpaceX signed a deal with the country's another tycoon Jio Platforms Ltd, affiliated to Billionaire Mukesh Ambani's Reliance Industries, to offer Starlink satellite Internet services in the country.
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6h 16min ago
Bank Of Canada Cuts Interest Rates By Another 25 Basis Points
With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
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6h 41min ago
U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February. The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.
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7h 1min ago
Bay Street Likely To Open On Positive Note
The Bank of Canada's interest rate decision, and U.S. consumer price inflation data are in focus on Bay Street Wednesday morning. The market looks set to open higher thanks to firm commodity prices and European stocks.
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7h 53min ago
U.S. Consumer Prices Rise Slightly Less Than Expected In February
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February.
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8h 15min ago
India Inflation Weakest In 7 Months
India's consumer price inflation slowed to a seven-month low in February as food price growth hit the lowest in nearly two years, raising expectations of interest rate cuts over coming months. Consumer price inflation eased to 3.61 percent in February from 4.26 percent in January, official data revealed on Wednesday. This was the lowest since July 2024.
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8h 44min ago
ECB Chief Says Uncertainty Exceptionally High
European Central Bank President Christine Lagarde said the level of uncertainty is exceptionally high and maintaining stability has become difficult. "The level of uncertainty we are facing is exceptionally high," she said at a conference organized by the Institute for Monetary and Financial Stability at Goethe University Frankfurt on Wednesday.
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9h 18min ago
