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Wed, Nov 06, 2024 07:38Australian Dollar Falls Amid Trump Trades Optimism
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as optimism over the U.S. presidential election as early results show Republican candidate Donald Trump surging ahead of Democratic candidate Kamala Harris.
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Wed, Nov 06, 2024 05:56European Economic News Preview: Germany Factory Orders Data Due
Factory orders from Germany and final composite Purchasing Managers' survey results from the euro area are the top economic news due on Wednesday. At 2.00 am ET, Destatis is scheduled to issue Germany's factory orders data for September. Orders are forecast to rise 1.6 percent on month after falling 5.8 percent in August.
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Wed, Nov 06, 2024 05:24India Services Growth Strengthens In October
India's services activity growth recovered from September's ten-month low on sharper expansion in output and new business, final data from S&P Global showed on Wednesday.
The HSBC final services Purchasing Managers' Index registered 58.5 in October, up from 57.7 in September. The flash score was 57.9. New business growth accelerated from a ten-month low seen in September. -
Tue, Nov 05, 2024 21:36Dollar Slips Ahead Of Fed Policy
The U.S. Dollar drifted lower against its major counterparts on Tuesday amid uncertainty about the outcome of the U.S. Presidential Election, and caution ahead of the Federal Reserve's monetary policy.
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Tue, Nov 05, 2024 15:49U.S. Services Index Unexpectedly Climbs To Two-Year High In October
Service sector activity in the U.S. unexpectedly grew at an accelerated rate in the month of October, according to a report released by the Institute for Supply Management on Tuesday. The ISM said its services PMI rose to 56.0 in October from 54.9 in September, with a reading above 50 indicating growth. The uptick surprised economists, who had expected the index to dip to 53.8.
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Tue, Nov 05, 2024 14:36U.S. Trade Deficit Widens To Largest In Over Two Years In September
A report released by the Commerce Department on Tuesday showed a substantial increase in the size of the U.S. trade deficit in the month of September, as imports surged and exports slumped. The Commerce Department said the trade deficit widened to $84.4 billion in September from a revised $70.8 billion in August.
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Tue, Nov 05, 2024 12:29UK Service Sector Logs Weakest Growth In Almost A Year
The UK service sector grew at the slowest pace since November last year as heightened uncertainty and concerns about the domestic economic outlook damped new work, the S&P Global purchasing managers' survey showed on Tuesday. The final services Purchasing Managers' Index registered 52.0 in October, down from 52.4 in September. The reading was above the initial estimate of 51.8.
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Tue, Nov 05, 2024 11:54Spain Unemployment Rises In October
Joblessness in Spain increased in October but logged the smallest gain for the month since 2006 except for the pandemic years of 2021 and 2022, data from the labor ministry showed on Tuesday. The number of unemployed rose by 26,769 persons, which was a below average increase for the month of October. Economists were looking for an increase of 26,500 persons.
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Tue, Nov 05, 2024 11:24Yen Falls Amid BoJ Rate Hike Uncertainty
The Japanese yen weakened against other major currencies during the European session on Tuesday, as traders remain cautious amid a rare political crisis following a Japanese snap election that raises doubts about the Bank of Japan's capacity to raise interest rates further and the U.S. election.
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Tue, Nov 05, 2024 09:04Indonesia GDP Growth Slows Marginally
Indonesia's economic growth softened in the third quarter on slowing household consumption, official data revealed on Tuesday. Gross domestic product posted an annual growth of 4.95 percent in the third quarter, slightly weaker than the 5.05 percent expansion seen in the preceding period, Statistics Indonesia said. GDP was forecast to grow 5.0 percent.
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Tue, Nov 05, 2024 07:06Australian Dollar Rises As RBA Holds Interest Rate At 13-Year High
The Australian dollar strengthened against other major currencies in the Asian session on Monday, after Australia central bank maintained its interest rate for the eighth straight session at a 13-year high, as underlying inflation remains too high.
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Tue, Nov 05, 2024 05:59Australia Holds Interest Rate At 13-Year High
Australia central bank maintained its interest rate for the eighth straight session at a 13-year high on Tuesday as underlying inflation remains too high. The policy board of the Reserve Bank of Australia governed by Michele Bullock decided to hold the cash rate target at 4.35 percent. The bank had previously changed its rate in November 2023, when it was lifted by 25 basis points.
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Tue, Nov 05, 2024 05:11European Economic News Preview: UK Final Services PMI Data Due
Final services Purchasing Managers' survey from the UK and unemployment from Spain are due on Tuesday, headlining a light day for the European economic news. At 2.45 am ET, France's statistical office INSEE is slated to issue industrial production for September. Economists forecast output to fall 0.5 percent on month, in contrast to the 1.4 percent increase seen in August.
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Mon, Nov 04, 2024 21:29Dollar Slips Against Major Counterparts Ahead Of US Presidential Election
The U.S. dollar shed ground on Monday with traders unwinding some long positions ahead of the presidential election. Traders are also eying the Federal Reserve's monetary policy announcement, due on Thursday.
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Mon, Nov 04, 2024 16:18Eurozone Investor Sentiment Improves For Second Month - Sentix
Investor confidence in the euro area strengthened for a second straight month in November amid a modest improvement in the economic data from Germany and optimism about the outcome of the presidential election in the U.S., while markets continue to look for some solid stimulus news from China, results of the closely watched Sentix survey showed on Monday.
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Mon, Nov 04, 2024 15:34U.S. Factory Orders Decrease In Line With Estimates In September
New orders for U.S. manufactured goods declined in line with economist estimates in the month of September, according to a report released by the Commerce Department on Monday. The Commerce Department said factory orders fell by 0.5 percent in September, matching expectations.
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Mon, Nov 04, 2024 12:46Dollar Index Edges Up As Markets Eye Vote And Fed
Currency market movements during the week ended November 1 were dominated by uncertainty surrounding the U.S. Presidential election as well as the Fed's impending interest rate review.
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Mon, Nov 04, 2024 10:07Eurozone Manufacturing Downturn Continues
The euro area manufacturing downturn continued in October albeit at the slowest pace in five months, survey data published by S&P Global showed on Monday. The HCOB manufacturing Purchasing Managers' Index increased to 46.0 in October from 45.0 in September. The flash score was 45.9. The score suggests that the sector posted its slowest fall since May.
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Mon, Nov 04, 2024 09:06Spain Manufacturing Grows Most Since Early 2022- PMI Survey
Spain's factory sector expanded at the fastest pace in over two-an-a-half years in October, driven by significant growth in output and new orders amid an improvement in market demand, results of the latest purchasing managers' survey by S&P Global showed on Monday. The HCOB Spain manufacturing purchasing managers' index rose to 54.5 from 53.0 in September.
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Mon, Nov 04, 2024 06:13U.S. Dollar Falls Ahead Of U.S. Presidential Election
The U.S. dollar weakened against other major currencies in the Asian session on Monday, as traders remain cautious amid the uncertainty over the U.S. election outcome, lingering geopolitical tensions in the Middle East and the U.S. Fed's monetary policy announcement later in the week.
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Mon, Nov 04, 2024 06:03European Economic News Preview: Eurozone Final Factory PMI Data Due
Final factory Purchasing Managers' survey and Sentix investor confidence from the euro area are the top economic news due on Monday. At 3.15 am ET, S&P Global publishes Spain's manufacturing Purchasing Managers' survey results. The index is forecast to rise to 53.1 in October from 53.0 in the previous month.
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Mon, Nov 04, 2024 05:46India Manufacturing Activity Growth Gains Momentum
India's manufacturing sector growth accelerated in October as rising new orders lifted production and confidence, data compiled by S&P Global showed on Monday. The HSBC final manufacturing Purchasing Managers' Index rose to 57.5 in October from an eight-month low of 56.5 in September. The flash reading was 57.4. A score above 50.0 indicates expansion.
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Fri, Nov 01, 2024 21:05Dollar Rises Against Major Counterparts Ahead Of Eventful Week
The U.S. dollar suffered a mild setback in early New York session on Friday after data showing a much smaller than expected increase in non-farm payroll employment growth and an unexpected contraction in the nation's manufacturing activity last month.
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Fri, Nov 01, 2024 14:37U.S. Construction Spending Inches Slightly Higher In September
Reflecting an increase in spending on public construction, the Commerce Department released a report on Friday showed an uptick by U.S. construction spending in the month of September. The report said construction spending crept up by 0.1 percent to an annual rate of $2.149 trillion in September after inching up by 0.1 percent to a revised rate of $2.146 trillion in August.
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Fri, Nov 01, 2024 14:21U.S. Manufacturing Index Unexpectedly Dips To Lowest Level In Over A Year
A report released by the Institute for Supply Management on Friday showed U.S. manufacturing activity unexpectedly contracted at a modestly faster rate in the month of October. The ISM said its manufacturing PMI fell to 46.5 in October from 47.2 in September, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 47.6.