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FOREX-Dollar’s rise stalls as trade war fears weigh – Finance News

* Chinese currency falls to 2 1/2-week lows * EM currencies fall; Indian rupee tumbles to record low * Graphic: World FX rates in 2018 http://tmsnrt.rs/2egbfVh By Saikat Chatterjee LONDON, Sept 12 (Reuters) – The dollar was largely unchanged on Wednesday as markets remained cautious over the likelihood of an escalation in the trade conflict between the United States and China in the backdrop of growing weakness in the renminbi. Other currencies hardly fared better with the euro on the…

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Irish consumer sentiment falls back as Brexit worries weigh – Finance News

DUBLIN, Sept 6 (Reuters) – Irish consumer sentiment slipped in August as worries about Brexit grew, a survey showed on Thursday, erasing a July bounce put down to unusually warm weather and the start of the summer holidays. Ireland’s economy is on course to be the best performer in the European Union for the fifth consecutive year, but there is increasing concern about the vulnerability of the economy to an unruly British exit from the bloc. The KBC Bank Ireland/ESRI…

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Trade woes weigh on Asian stocks

Asian stocks are largely steady, with worries over the US-China trade conflict offsetting support from earnings-led gains on Wall Street. MSCI’s broadest index of Asia-Pacific shares outside Japan was almost flat. Australian stocks dipped 0.2 per cent, South Korea’s KOSPI rose 0.05 per cent and Japan’s Nikkei added 0.25 per cent. The three major US stock indexes closed higher on Monday amid a strong US earnings season, with results from Berkshire Hathaway impressing and Facebook lifting the Nasdaq after a…

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GRAINS-Wheat edges lower as ample global supplies weigh

By Reuters Published: 22:16 EDT, 27 June 2018 | Updated: 22:16 EDT, 27 June 2018 SYDNEY, June 28 (Reuters) – U.S. wheat futures edged lower on Thursday, retreating after posting gains of more than 1 percent in the previous session, on ample global supplies. FUNDAMENTALS * The most active wheat futures on the Chicago Board Of Trade were down 0.2 percent at $4.87-1/2 a bushel, as of 0147 GMT, having closed 1.1 percent higher on Wednesday. * The most active…

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UPDATE 2-European shares suffer as trade jitters, weak data weigh – UK Money News

* STOXX 600 down 1.6 pct to 2-week low * Banks, miners, tech lead sectoral fallers * Reckitt gains after pulling out of Pfizer race (Adds details, closing prices) By Helen Reid and Danilo Masoni LONDON, March 22 (Reuters) – Concerns about trade sent European shares tumbling on Thursday as the United States prepared to announce hefty tariffs on Chinese imports, with banks, basic resources stocks and tech the worst-performing. U.S. President Donald Trump signed a presidential memorandum that could…

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Hot or not? Fed policymakers weigh ‘maximumer’ employment

By Reuters Published: 14:41 EST, 9 March 2018 | Updated: 14:41 EST, 9 March 2018 By Jonathan Spicer March 9 (Reuters) – After a government report on Friday showed wage pressures remained muted even as U.S. employers added far more jobs than expected in February, one U.S. central banker advocated a pause on rate hikes, another waxed sarcastic about the Fed’s view of maximum employment – and a third hinted he could support even faster rate hikes. The disparate views…

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UPDATE 4-Oil set for weekly drop as stock markets, U.S. inventories weigh – Finance News

* Prices on course for first weekly loss in three weeks * Rising U.S. oil inventories weigh on complex (Updates throughout, adds comment, changes dateline from TOKYO) By Ahmad Ghaddar LONDON, March 2 (Reuters) – Oil prices were set on Friday to post their first weekly decline in three weeks following a sell-off in global stock markets after news of planned U.S. tariffs on steel and aluminium raised fears of a trade war. President Donald Trump announced he would impose…

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Resource stocks weigh on Toronto market, U.S. markets reverse earlier gains – Canadian Business

TORONTO _ Canada’s main stock index lost ground as U.S. stocks finished off a roller-coaster day of trading in the red. The S&P/TSX composite index fell 72.93 points to 16,298.88, in a largely broad-based decline led by the influential energy and materials sectors. In New York, the Dow Jones industrial average was down 10.33 to 25,792.86, after trading above 26,000 for the first time earlier in the morning. The S&P 500 index gave back 9.82 points to 2,776.42 and the…

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UPDATE 2-Financials weigh on European stocks as “Trumpflation” hopes fade – Politics News

* STOXX 600 down 0.1 pct * U.S. tax reform doubts weigh on banks, financials * Earnings drive Ahold, Ubisoft higher * MSCI EMU earnings growth tracking 7 percent (Adds closing prices, comments) By Helen Reid and Julien Ponthus LONDON, Nov 8 (Reuters) – Financial shares weighed on European indexes on Wednesday amid doubts over U.S. tax reform plans and the “Trumpflation” trade and concerns over some European lenders’ earnings and over non-performing loans in Italy. “Trumpflation” refers to bets…

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