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UK GDP contracts 0.3% MoM in August

The UK Gross Domestic Product (GDP) monthly release showed on Wednesday that the economy returned to a contraction in August, arriving at -0.3% vs. 0% expectations and 0.2% previous. Meanwhile, the Index of services (August) came in at -0.1% 3M/3M vs. 0.2% estimate and -0.2% prior. The Cable remains little …

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Market Drivers – European Session 11/10/2022

Most of the global stock indices declined due to the escalation of political tensions and fluctuations in some commodities and currencies traded in global markets. The performance of European stock indices declined significantly, affected by political tensions and the emergency meeting of the Group of Seven that was announced yesterday, …

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