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Market Update

Global Debt-to-GDP Ratio Seen Rising by 14%

S&P Global expects global debt to reach $200 trillion, amounting to 265% of the world’s GDP, by the end of 2020, Reuters reported. The 14% increase in the global debt-to-GDP ratio comes amid increased borrowing to face the economic consequences of the Coronavirus crisis. The ratings agency does not see …

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US Factory Orders Rise 1% in October

New factory orders in the United States grew by 1% in October, compared with a previous estimate of 1.3%, data by the US Department of Commerce showed on Friday. Orders for non-defense capital goods, excluding aircrafts, went up by a revised reading of 0.8% in October instead of 0.7% as …

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US Trade Deficit Rises 1.7% in October

Trade deficit in the United States increased by 1.7% during October to $63.1 billion, data by the US Department of Commerce showed on Friday. The September reading was revised to $62.1 billion instead of an initially estimated $63.9 billion deficit. Imports grew by 2.1% to $245.1 billion, while exports went …

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