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European Economic News Preview: ECB Minutes Due
(RTTNews) - The minutes of the European Central Bank's monetary policy meeting is due on Thursday, headlining a light day for the European economic news.
At 2.30 am ET, the Swiss Federal Statistical Office is slated to issue producer and import prices for December.
At 4.00 am ET, the European Central Bank releases euro area current account data for November. The current account deficit totaled seasonally adjusted EUR 0.4 billion in October.
Half an hour later, the Bank of England releases Credit Conditions Survey results. At 7.30 am ET, the European Central Bank is scheduled to release the account of the monetary policy meeting of the Governing Council held on December 14 and 15.
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South Korea Stock Market May Extend Losing Streak
The South Korea stock market has moved lower in two straight sessions, sinking almost 35 points or 1.4 percent along the way. The KOSPI now rests just above the 2,485-point plateau and it's likely to open under pressure again on Friday.
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4h 30min ago
Japan Household Spending Data Due On Friday
Japan will on Friday release February figures for household spending, highlighting a modest day for Asia-Pacific economic activity.
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5h 30min ago
ECB Minutes Show Members Expressed Worries Over Possible Shocks To Growth From Trade Tensions
Minutes of the March policy session of the European Central Bank showed that rate-setters were worried about the impact of the looming trade tariffs and the high uncertainty on the Eurozone economic growth.
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8h 0min ago
Swiss Market Ends Sharply Lower On Tariff Woes
Swiss stocks fell sharply on Thursday, in line with equities across the globe, as U.S. President Donald Trump's sweeping tariff announcement fueled inflation and growth concerns, prompting investors to exit counters.
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10h 12min ago
European Stocks Close Sharply Lower As Trump's Tariff Announcement Triggers Sell-off
European stocks tumbled on Thursday with several markets falling to multi-month lows as U.S. President Donald Trump's sweeping "reciprocal tariffs" announcement triggered widespread selling.
It is feared that the new levies could fuel inflation and disrupt global supply chains and lead to trade wars.
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10h 33min ago
Canadian Market Down Sharply On Heavy Selling As Trump's Tariffs Hurt Sentiment
Canadian stocks are deep down in the red on Thursday, hurt by U.S. President Donald Trump's sweeping tariff announcement that is likely to trigger a global trade war, which could push up inflation and hinder economic growth.
The benchmark S&P/TSX Composite Index, which crashed to 24,429.24, losing about 880 points, was down 737.43 points or 2.91% at 24,569.75 a little while ago.
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11h 23min ago
U.S. Services Index Drops To Nine-Month Low In March
U.S. service sector growth slowed by more than anticipated in the month of March, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI fell to 50.8 in March after inching up to 53.5 in February. While a reading above 50 still indicates growth, economists had expected the index to show a more modest decrease to 53.0.
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13h 10min ago
U.S. Trade Deficit Shrinks From Record High As Exports Surge
The Commerce Department released a report on Thursday showing the U.S. trade deficit narrowed in the month of February after soaring to a record high in January. The report said the trade deficit decreased to $122.7 billion in February after spiking to a revised $130.7 billion in January.
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13h 15min ago
