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European Shares Retreat As Investors Eye Powell's Speech

European Shares Retreat As Investors Eye Powell's Speech

European stocks declined on Monday as Middle East worries escalated and investors awaited comments from ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell for additional clues on the rate outlook.
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FTSE 100 Declines After GDP Data

FTSE 100 Declines After GDP Data

U.K. stocks fell on Monday after official data showed the U.K. economy grew at a slower-than-estimated pace in the second quarter on weaker industrial and construction sectors.
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CAC 40 Slides As Yields Rise

CAC 40 Slides As Yields Rise

French stocks traded lower on Monday as Middle East worries escalated and investors awaited comments from ECB President Christine Lagarde and Federal Reserve Chair Jerome Powell for additional clues on the rate outlook.
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DAX Dips Ahead Of CPI Data

DAX Dips Ahead Of CPI Data

German stocks traded lower on Monday and bond yields nudged higher as investors positioned themselves for the flash German CPI data and Fed Chair Powell's speech later in the day.
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Asian Shares Mixed As China Adds To Stimulus; Nikkei Skids

Asian Shares Mixed As China Adds To Stimulus; Nikkei Skids

Asian stocks ended mixed on Monday, with mainland Chinese and Hong Kong markets closing sharply higher on stimulus euphoria while Japanese markets succumbed to selling pressure after Japan's governing party chose Shigeru Ishiba, a critic of the country's longstanding ultralow interest rates, as its leader.
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UK Economy Expands Less Than Estimated In Q2

UK Economy Expands Less Than Estimated In Q2

The UK economy grew at a slower-than-estimated pace in the second quarter on weaker industrial and construction sectors, official data revealed Monday. Gross domestic product advanced 0.5 percent from the first quarter, revised down from the first estimate of 0.6 percent, figures from the Office for National Statistics showed. The economy had expanded by unrevised 0.7 percent in the first quarter
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Yen Rises After Ishiba Wins LDP Election

Yen Rises After Ishiba Wins LDP Election

The Japanese yen strengthened against other major currencies in the early European session on Monday, after the Japan's ruling Liberal Democrats chose Shigeru Ishiba, a former defense minister, as the next prime minister.
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Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the early European session on Monday.
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Antipodean Currencies Rise On China Stimulus

Antipodean Currencies Rise On China Stimulus

Antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the Asian session on Monday, as Chinese stimulus boosted risk assets and commodities.
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European Shares Poised For Mixed Open

European Shares Poised For Mixed Open

European stocks may open on a mixed note Monday as investors watch the latest geopolitical developments in the Middle East and await Fed Chair Jerome Powell's speech later in the day for clues to additional rate cuts.
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European Economic News Preview: UK GDP, Mortgage Approvals Data Due

European Economic News Preview: UK GDP, Mortgage Approvals Data Due

Revised quarterly national accounts and mortgage approvals from the UK and flash inflation from Germany are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP and business investment data. The initial estimate showed that the UK economy grew 0.6 percent in the second quarter after rising 0.7 percent.
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