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Market Update

European Stocks Finishes Higher

European stocks rose on Monday, amid a decline in treasury yields, and an improvement in investors’ sentiment due to positive news about Coronavirus vaccines. The STOXX Europe 600 index surged by 1.80% to close the first session of March at 412.27 points, amid a positive performance by most market sectors. …

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U.S. Construction Spending Rises in January

Construction spending in the United States increased by 1.7% during January, as building new homes continues to rise, data by the U.S. Department of Commerce showed on Monday. Spending on residential construction projects grew by 2.5% in January, while single-family home projects rose 3%. Last week, data showed that new …

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UK Final Manufacturing PMI Beats Estimates in Feb

The UK manufacturing sector activity expanded at a faster pace than expected in the month of February. Today’s survey showed that British factories recorded the slowest rate of production growth since May in February, as supply chain disruptions and rising costs linked to Britain’s withdrawal from the European Union and Covid-19 …

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