Forex News
Australia Services Sector Accelerates In August - Judo Bank
The services sector in Australia continued to expand in August, and at a faster pace, the latest survey from Judo Bank revealed on Wednesday with a services PMI score of 52.5.
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126 days ago
Tech Shares May Drag South Korea Stocks Lower
The South Korea stock market on Tuesday ended the two-day winning streak in which it had picked up almost 20 points or 0.7 percent. The KOSPI now rests just shy of the 2,665-point plateau and the losses may accelerate on Wednesday.
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126 days ago
Australia GDP Data Due On Wednesday
Australia will on Wednesday release Q2 numbers for gross domestic product, highlighting a light day for Asia-Pacific economic activity.
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126 days ago
TSX Ends 1.3% Down; Materials, Energy Stocks Tumble
The Canadian market ended sharply lower on Tuesday, weighed down by losses in energy, materials and technology sectors. Weak commodity prices, and concerns about global economic growth and uncertainty about the pace of U.S. interest rate cuts rendered the mood bearish.
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126 days ago
Dollar Gains Against Major Counterparts
The U.S. dollar gained against its major counterparts on Tuesday with traders closely tracking the latest economic data from across the globe and awaiting some crucial updates on U.S. non-farm payroll employment, private sector employment, and jobless claims.
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126 days ago
Swiss Market Ends Notably Lower On Weak Global Cues
The Switzerland stock market ended notably lower on Tuesday, in line with markets across Europe, as worries about growth and uncertainty about the likely pace of Fed interest rate cuts weighed on sentiment.
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126 days ago
European Stocks Close Notably Lower As Growth Worries Resurface
European stocks closed notably lower on Tuesday amid renewed concerns about the outlook for global economic growth and uncertainty about the pace of interest rate cuts by the Federal Reserve following recent mixed economic data.
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126 days ago
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Pound Weakens As Investors Await U.S Jobs Report
The pound fell against its major counterparts in the New York session on Tuesday, as investors awaited key U.S. economic data, including Friday's non-farm payrolls report for August to gauge the size of the Federal Reserve's rate cut later this month.
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126 days ago
Canadian Market Down Sharply On Widespread Selling
The Canadian market is down sharply in negative territory around noon on Tuesday with stocks from across several sectors reeling under a severe bout of selling pressure.
Energy and materials stocks are down on weak commodity prices. Technology and consumer discretionary stocks are among the other major losers.
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126 days ago
U.S. Construction Spending Unexpectedly Dips 0.3% In July
The Commerce Department released a repot on Tuesday unexpectedly showing a decrease by U.S. construction spending in the month of July. The report said construction spending fell by 0.3 percent to an annual rate of $2.163 trillion in July, while revised data showed construction spending was nearly unchanged at an annual rate of $2.169 trillion in June.
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126 days ago
U.S. Manufacturing Index Inches Higher But Still Indicates Contraction In August
A reading on U.S. manufacturing activity saw a modest increase in the month of August but continued to indicate contraction, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its manufacturing PMI inched up to 47.2 in August from 46.8 in July, with a reading below 50 indicating contraction. Economists had expected the index to rise to 47.5.
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126 days ago
7-Eleven Unveils New Slurpee Drink With Coca-Cola And OREO
7-Eleven, Inc., which operates more than 13,000 convenience-retailing stores, announced the launch of a new Slurpee drink flavor, Coca-Cola OREO Zero Sugar, ahead of the brand's annual Slurpee Day celebration. The Irving, Texas-based company said the limited-time Slurpee drink with Coca-Cola and OREO is exclusively available at participating 7-Eleven, Speedway and Stripes stores...
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126 days ago
Elliott Crosses 10% Threshold In Southwest To Call For Special Meeting
Elliott Investment Management L.P. now holds 10 percent stake in Southwest Airlines Co., crossing the threshold that would allow the investment firm to call a special meeting, Reuters reported citing a person familiar with the matter. The development comes as the airline and the hedge fund, amid its ongoing public fight, are scheduled to meet on September 9 to discuss the problems with the airline
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126 days ago
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