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European Stocks Close Lower After Cautious Session

European stocks closed broadly lower on Monday after a cautious session as investors awaited the monetary policy announcements from the Bank of England and the U.S. Federal Reserve.

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Pound Jumps On Bets Of Aggressive Fed Rate Cut

The pound climbed against its major counterparts in the New York session on Monday, as investors raised their bets of a more aggressive Federal Reserve rate cut at the monetary policy meeting starting on Tuesday.

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New York Manufacturing Index Indicates Significant Turnaround In September

The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing grew for the first time in nearly a year in the month of September. The New York Fed said its general business conditions index surged to a positive 11.5 in September from a negative 4.7 in August, with a positive reading indicating growth. Economists had expected the index to inch up to a negative 3.9

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AT&T Reaches Deal With Union Workers, Ending Strike

Telecom major AT&T Inc. has reached a new tentative agreement with its around 25,500 union members in the Southeast and West regions, ending a 30-day strike in the Southeast by the workers over better contract terms. In a statement, Members of the Communications Workers of America or CWA said new union contracts were agreed with AT&T Southeast and AT&T West.

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Dollar Edged Down Last Week Amidst Softer CPI

The week ended September 13 witnessed the Dollar slip marginally against major currencies in the backdrop of lower CPI readings from the U.S.

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New York Manufacturing Index Unexpectedly Turns Positive In September

The Federal Reserve Bank of New York released a report on Monday showing regional manufacturing grew for the first time in nearly a year in the month of September.

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UK House Prices Rise On Bank Of England Rate Cut: Rightmove

UK house prices increased in September as the traditionally busier Autumn market started early after the Bank of England's interest rate cut lowered mortgage rates and the election results boosted confidence, data published by the property website Rightmove showed Monday. House prices grew 0.8 percent on a monthly basis in September, in contrast to the 1.5 percent decrease in August.

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Holiday Deals: Target Circle Week Oct 6-12

Target Corp. is offering its largest holiday assortment yet, including thousands of exclusive, on-trend items with great savings, starting with Target Circle Week from October 6 to 12. The firm will offer incredible deals every week of the season. The Minneapolis-based retailer also said its hiring around 100,000 additional seasonal team members across stores and supply chain facilities.

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Eurozone Trade Surplus Rises In July

The euro area trade surplus increased notably in July due to the sharp rebound in exports, Eurostat reported Monday. On an unadjusted basis, the trade surplus rose sharply to EUR 21.2 billion in July from EUR 6.7 billion in the same period last year. In June, the surplus was EUR 21.7 billion.

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