Eurozone PMI Manufacturing was finalized at 47.4 in June, up from 39.4 in May a report by IHS Markit said. The index was in contraction below 50 for 17 consecutive months. and had fallen to 33.4 in April. The report stated: “Eurozone manufacturing sector continues to contract sharply,” “There was …
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22 October, 2024 3:43 pm
UK Public Borrowing Exceeds Forecasts, Presenting Challenge for Finance Minister Rachel Reeves
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22 October, 2024 2:08 pm
Oil Prices Steady Near $74 Amid Middle East Ceasefire Efforts and Slowing Chinese Demand
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22 October, 2024 1:53 pm
European Stocks Slip Amid Geopolitical and Rate-Cut Uncertainties, SAP Boosts Tech Sector
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Bitcoin Falls Amid U.S. Election Uncertainty and Slower Fed Rate Cut Expectations
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Dollar Strength and Fed’s Approach to Rate Cuts
The U.S. dollar remained strong on Tuesday, holding near a 2-1/2-month high due to expectations that…
22 October, 2024 10:03 am
Gold Prices Steady Near Record Highs Amid Election Uncertainty and Middle East Tensions
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22 October, 2024 1:39 am
Treasury Yields Resume Upward Trend Following Fed Remarks
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Gold Halts Climb After Record Highs
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Market Drivers; US Session
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Dow Jones Sheds 330 Points as Bullish Momentum Pauses
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Market Analysis
July, 2020
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1 July 2020 1:54 pm
UK Manufacturing Activity Picked Up in June
After the Great collapse due to COVID 19 pandemic, the UK manufacturing sector returned to recovery after it began to stabilize last June. IHS Markit’s Purchasing Managers Index (PMI) posted 50.1 compared to 40.7 in May, in line with economists’ expectations. PMIs are given on a scale of 0 to …
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1 July 2020 1:13 pm
Dubai’s Economy Shrank by 3.5% in Q1 Amid Coronavirus Pandemic
The government media office in UAE said in a statement issued on Tuesday that Dubai’s real GDP decreased by 3.5% in Q1 year-on-year as the country was hit by the Covid-19 pandemic, according to Reuters. The government said some sectors such as real estate and finance have maintained their strength …
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