Tag: cent
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Dollar mostly flat as softer US data fuel dovish rate bets
NEW YORK/LONDON, Aug 18 : The U.S. dollar was mostly flat against major peers on Tuesday as markets continued pricing in a dovish response from the Federal Reserve in the wake of softer economic data.The euro eased away from two-month highs of $1.161 touched on Monday and was last up 0.07 per cent at $1.1587.
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Klarna trims full-year revenue, volume outlook as German retail weakens
STOCKHOLM, Aug 18 : Klarna, the Swedish “buy now, pay later” services provider and online bank, cut its full-year volume and revenue forecast on Tuesday, citing conditions in Germany, its largest market, sending its shares down 17 per cent in premarket trading.The guidance overshadowed its surprise second-qua
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Japan’s 10-year yield hits three-decade peak on inflation worries
TOKYO, Aug 18 : Japan’s benchmark 10-year government bond yield climbed to a three-decade high on Tuesday as a stalemate in the Middle East conflict stoked inflation worries and reinforced speculation about a near-term Bank of Japan interest-rate increase.The 10-year JGB yield added 1.5 basis points (bps) to
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Bond yields jump, oil extends gains as US-Iran ceasefire expires
SINGAPORE: Bond yields climbed on Tuesday (Aug 18) to their highest in decades, with oil prices rising for a third day, while stocks gave up early gains in Asian trade as a US-Iran truce expired and T
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Stocks, dollar fall after weak data; yields rise
NEW YORK, Aug 17 : U.S. stocks ended down on Monday and the dollar hit a two-month low against the euro as soft U.S. economic data, including an unexpected drop in retail sales, prompted markets to scale back bets on an imminent Federal Reserve interest rate move.Thirty-year Treasury yields, meanwhile, climbe
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Stocks mixed, dollar falls on Fed rate bets, but yields rise
NEW YORK, Aug 17 : U.S. stocks were mixed on Monday and the dollar fell to its lowest level since June, after a run of soft U.S. economic data, including an unexpected drop in retail sales, led markets to scale back bets on an imminent Fed rate move.Thirty-year Treasury yields, meanwhile, climbed to their h
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Shares steady, dollar slips as markets pare Fed rate risks
LONDON, Aug 17 : Global shares edged higher and the dollar fell to its lowest level since June on Monday after a run of soft U.S. economic data, including an unexpected drop in retail sales, saw markets reduce bets for an imminent rate hike from the Federal Reserve.A hike next month is now priced at…
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China’s recovery sputters as consumption, output lose steam
BEIJING: China’s economy lost momentum at the start of the second half, with industrial output and retail sales slowing as extreme weather disruptions and persistently weak domestic demand renew pressure on policymakers to step up stimulus.The disappointing data, following second-quarter growth that cooled to
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China’s industrial output slows in July, retail sales miss forecasts
BEIJING: China’s industrial output growth slowed while retail sales grew less than expected in July, highlighting strains on the economy from weak domestic demand, extreme weather disruptions and the waning effect of state policies aimed at boosting consumption.The downbeat readings followed second-quarter gr
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Japan Q2 growth misses forecasts on weaker spending, investment
TOKYO: Japan’s economy grew at a slower-than-expected pace in April-June, government data showed on Monday (Aug 17), as lacklustre household spending and business investment partly offset the impact of strong exports.Gross domestic product rose 1.1 per cent increase in annualised terms, missing a median marke
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