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Tue, Oct 29, 2024 10:23German Consumer Confidence Improves Despite Deteriorating Economic Expectations
Consumer sentiment in Germany is set to rebound in November to its highest level in over two-and-a-half-years as both income expectations and the willingness to buy showed back-to-back improvements though economic expectations continued to weaken, the closely watched survey showed on Tuesday. The forward-looking consumer sentiment index rose to -18.3 in November from -21.0 in October.
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Tue, Oct 29, 2024 08:26Commodity Currencies Fall As Oil Prices Slide
The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, as crude oil prices fell amid rising geopolitical tensions in the Middle East.
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Mon, Oct 28, 2024 14:25UK Consumers Held Back Spending Ahead Of Autumn Budget - CBI Survey
British retailers saw sales volumes decline in October as consumers hesitated to spend due to the uncertainty surrounding the new chancellor Rachel Reeves' budget later this week, results of a survey by the Confederation of British Industry showed on Monday.
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Mon, Oct 28, 2024 13:58UK Business Confidence Sinks To 4-month Low Ahead Of Budget
Confidence among U.K. employers fell to its lowest in four months in October as they adopted a cautious stance ahead of the first budget presentation by the new chancellor Rachel Reeves later this week, results of a survey showed Monday. The Lloyds Business Barometer fell three points to 44 percent, the lowest score since June, the survey that covered 1,200 companies between October 1 - 15 showed.
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Mon, Oct 28, 2024 13:14Election, Economy, Escalation And Expectations Enhance Dollar's Appeal
Uncertainty surrounding the presidential election in the U.S., data underscoring the resilience of the U.S. economy, the escalation in geopolitical tensions in the Middle East as well as the sobering rate cut expectations boosted the U.S. dollar during the week ended October 25.
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Mon, Oct 28, 2024 08:12Commodity Currencies Fall As China Industrial Profits Drop
https://www.msn.com/en-au/money/other/aussie-dollar-hits-two-year-low/ar-AA1t2UZh?ocid=BingNewsVerp
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Mon, Oct 28, 2024 07:11Yen Falls As Japan's Election Result Raises Speculations On BOJ Slow Rate Hike Plans
The Japanese yen weakened against other major currencies in the Asian session on Monday, as traders speculate that future rate hikes would be slowed by the Japan ruling coalition's loss of a parliamentary majority in weekend elections.
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Fri, Oct 25, 2024 14:15U.S. Consumer Sentiment Unexpectedly Improves To Six-Month High In October
Consumer sentiment in the U.S. unexpectedly improved in the month of October, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for October was upwardly revised to 70.5 from a preliminary reading of 68.9. Economists had expected the index to be upwardly revised slightly to 69.0.
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Fri, Oct 25, 2024 13:47U.S. Durable Goods Orders Fall More Than Expected As Aircraft Demand Slumps
Reflecting a continued slump by orders for transportation equipment, the Commerce Department released a report on Friday showing new orders for U.S. manufactured durable goods fell by more than expected in the month of September. The Commerce Department said durable goods orders slid by 0.8 percent in September, matching a revised decrease in August.
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Fri, Oct 25, 2024 12:00Russia Hikes Interest Rate By 200 Bps; Signals Another Hike
Russia's central bank raised its benchmark rate by larger-than-expected 200 basis points and also hinted at another hike next month as inflation expectations increased and additional fiscal spending lifted proinflationary effects. The board of directors, led by Governor Elvira Nabiullina, raised the key rate to 21.00 percent from 19.00 percent.
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Fri, Oct 25, 2024 10:01Eurozone Bank Lending Growth Improves In September
Eurozone bank lending growth improved moderately in September as interest rates started to ease, data published by the European Central Bank showed on Friday. The adjusted loans to the private sector rose 1.6 percent compared with 1.5 percent in August. Claims on the private sector posted a steady annual growth of 1.2 percent in September.
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Fri, Oct 25, 2024 09:19German Business Confidence Improves For First Time In 5 Months
German business confidence improved for the first time in five months in October but remained at a low level suggesting weaker economic activity, survey results from the ifo Institute showed Friday. The business climate index climbed to 86.5 in October from 85.4 in the previous month. The score was forecast to rise to 85.6. This was the first rise in five months.
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Fri, Oct 25, 2024 07:07Tokyo Inflation Falls Below 2%
Inflation in Japan's capital Tokyo fell below 2 percent for the first time since May, data from the Ministry of Internal Affairs and Communications showed Friday. Excluding fresh food, consumer price inflation weakened to 1.8 percent in October from 2.0 percent in September. Inflation was seen at 1.7 percent. The rate fell below 2.0 percent for the first time in five months.
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Fri, Oct 25, 2024 06:19China Keeps Medium-Term Lending Facility Rate Unchanged
China's central bank left the rate on medium-term lending facility unchanged on Friday after lowering the rate by 30 basis points last month. The People's Bank of China maintained the medium-term lending facility rate at 2.0 percent. The central bank today conducted a seven-day reverse repo operations of CNY 292.6 billion at an interest rate of 1.5 percent.
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Fri, Oct 25, 2024 06:00Antipodean Currencies Fall Ahead Of U.S. Presidential Election
The Antipodean currencies such as the Australia and the New Zealand dollars weakened against their major currencies in the Asian session on Friday, as investors are awaiting the outcome of the U.S. presidential election on Sunday.
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Fri, Oct 25, 2024 05:50European Economic News Preview: German Ifo Business Confidence Data Due
Business confidence from Germany and monetary aggregates from the euro area are the top economic news due on Friday. At 2.45 am ET, France's consumer confidence survey data is due. Economists expect the confidence index to fall slightly to 94 in October from 95 in the previous month.
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Thu, Oct 24, 2024 21:17Dollar Loses Ground Against Major Counterparts
The U.S. dollar shed some ground on Thursday although the downside was limited thanks to stronger than expected weekly jobless claims data, new home sales data and manufacturing activity report.
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Thu, Oct 24, 2024 14:33U.S. New Home Sales Surge More Than Expected To Highest Level In Over A Year
New home sales in the U.S. rebounded by much more than expected in the month of September, according to a report released by the Commerce Department on Thursday. The Commerce Department said new home sales surged by 4.1 percent to an annual rate of 738,000 in September after tumbling by 2.3 percent to a revised rate of 709,000 in August.
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Thu, Oct 24, 2024 13:35U.S. Weekly Jobless Claims Unexpectedly See Further Downside
After reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous week's revised level of 242,000.
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Thu, Oct 24, 2024 09:25Eurozone Private Sector Activity Shrinks
Eurozone private sector activity shrank moderately in October on continuing contraction in manufacturing, flash survey data from S&P Global showed on Thursday. The HCOB flash composite output index rose slightly to 49.7 in October from 49.6 a month ago. The reading was seen at 49.8. Business activity in the currency bloc dropped marginally for the second straight month.
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Thu, Oct 24, 2024 09:02German Private Sector Downturn Eases In October
Germany's private sector downturn slowed marginally in October as output dropped at a slightly slower pace and business expectations picked up, the latest HCOB Purchasing Managers' survey compiled by S&P Global showed Thursday. The flash composite output index rose to 48.4 in October from September's seven-month low of 47.5. The score was also above forecast of 47.6.
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Thu, Oct 24, 2024 08:07French Manufacturing Sentiment Deteriorates In October
France's manufacturing confidence weakened sharply in October, survey data from the statistical office INSEE showed on Thursday. The business climate index fell to 92 in October from 99 in September. The score deviated sharply from its long-term average of 100. Moreover, excluding the COVID-19 pandemic period, this was the biggest monthly fall since November 2008.
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Thu, Oct 24, 2024 05:13Japan Private Sector Contracts For First Time In 4 Months
Japan's private sector fell into the contraction zone for the first time in four months in October, the Purchasing Managers' survey compiled by S&P Global showed on Thursday. The au Jibun Bank flash composite output index posted 49.4 compared to 52.0 in the previous month. A score below 50 suggests contraction. Both manufacturing and services shrank in October due to a muted economy.
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Thu, Oct 24, 2024 04:41European Economic News Preview: Eurozone Flash PMI Data Due
Flash Purchasing Managers' survey data from the euro area and the UK are the top economic news due on Thursday. At 2.45 am ET, France's statistical office INSEE publishes business sentiment survey data. The business confidence index is expected to fall to 98 in October from 99 in the previous month.
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Wed, Oct 23, 2024 23:25South Korea GDP Expands 0.1% On Quarter In Q3
South Korea's gross domestic product gained a seasonally adjusted 0.1 percent on quarter in the third quarter of 2024, the Bank of Korea said in Thursday's preliminary reading.