Pound Rises On Strong U.K. Retail Sales Data

The British pound strengthened against other major currencies in the European session on Friday, after data showed that U.K. retail sales volume rebounded in July as summer discounting and the European football Championship boosted department stores and sports equipment stores sales. Markets speculate that the strong U.K. retail sales data is likely to diminish the...

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Asian Shares Climb On US Growth Optimism

Asian stocks advanced on Friday as encouraging U.S. data on inflation and retail sales allayed recession fears in the worlds largest economy but prompted traders to push back expectations for aggressive rate cuts by the Federal Reserve. The dollar and U.S. Treasury yields held broadly steady in Asian trade on growing optimism that the U.S....

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DAX Extends Gains On Economic Optimism

German stocks rose on Friday to extend gains from the previous session as fears of a U.S. recession eased and optimism prevailed that the Federal Reserve would lower interest rates by at least 25-basis at next months upcoming policy meeting. The benchmark DAX was up half a percent at 18,275 after rallying 1.7 percent the...

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Canadian Dollar Drops As Oil Prices Dip

The Canadian dollar weakened against its major counterparts in the New York session on Friday, as oil edged lower on China demand concerns. Oil prices came under pressure due to concerns about a slowdown in Chinese growth and expectations of a ceasefire deal for the Gaza war and related violence in the Middle East. Data...

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Swiss Market Ends Notably Higher

The Switzerland market started off on a weak note Friday morning, but recovered swiftly and then kept moving higher and higher as the day progressed to eventually close on a strong note. Rising hopes of an interest rate cut by the Federal Reserve in September, and some fairly encouraging earnings updates aided sentiment. The benchmark...

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Dollar Edges Lower After PCE Data

The U.S. dollar edged lower on Friday amid rising prospects of an interest rate cut by the Federal Reserve in September after the latest readings on the nation\'s inflation. In economic news, a report from the Commerce Department said its personal consumption expenditures (PCE) price index inched up by 0.1% in June after coming in...

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No Help Yet For Thai Stock Market

The Thai stock market has moved lower in four straight sessions, sinking more than 35 points or 2.8 percent in that span. The Stock Exchange of Thailand now rests just above the 1,290-point plateau and it\'s looking at another rough session on Friday. The global forecast for the Asian markets is mixed ahead of more...

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