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Italy Construction Output Falls 3.9%
Italy's construction output decreased for the first time in five months in February, according to the provisional data released by the statistical office Istat on Friday. Construction production declined 3.9 percent month-on-month in February, reversing a 3.0 percent increase in the previous month.
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GBP/USD remains on the defensive below 1.2450 ahead of UK Retail Sales data
GBP/USD loses traction around 1.2430 amid the firmer US dollar on Friday. The Fed’s hawkish comments boost the Greenback against the GBP. BoE’s Greene said rate cuts were not imminent and that inflation remains too high. The GBP/USD pair remains on the defensive near 1.2430 during the early Asian se
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GBP/USD rises as UK inflation higher than expected
The British pound has rebounded after sliding 2.1% over the past week. In the European session, GBP/USD is trading at 1.2461, up 0.28%. UK inflation drops to 3.2% Inflation in the UK continues to decline but the March release was not as strong as expected. Inflation eased to 3.2% y/y, down from 3.4%
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Dow Jones ticks up with geopolitical risks weighing on risk appetite
Dow Jones index advanced moderately with geopolitical tensions limiting gains. Good quarterly earnings from United Health and Morgan Stanley provide optimism. Technical picture remains bearish with DJIA drifting away from March highs. The Dow Jones Industrial Average (DJIA) is going through a modera
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In like a lion, out like a lion for March Retail Sales
Summary March retail sales handily exceeded expectations with various measures of core spending rising the most in a year or more despite sharp upward revisions. This is not the sort of spending associated with falling prices and brings upside risk to our 2.3% forecast for Q1 consumer spending. Surg
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Could have been worse
Risk appetite is better this Monday morning than it was last Friday when the world was bracing for the Iranian retaliation on Israel. Iran fired more than 300 drones and missiles on Israel on Saturday night, but only a small number reached Israel, limiting damages. There were no fatalities, just an
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Sensex, Nifty Tumble On Fed Uncertainty, Geopolitical Tensions
Indian shares fell sharply on Friday as hotter-than-expected U.S. CPI data for March coupled with hawkish comments from a slew of Federal Reserve officials stoked fresh uncertainty around Fed easing this year. Heightened geopolitical tensions in the Middle East also spooked markets. Oil prices jumpe
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The Best Job Search Websites and Apps for Finding Your Dream Job
Introduction Finding your dream job today isn't all about persistence and hard work. You need skillful strategies and handy tools along with hard work. With loads of websites and apps to aid in job hunting, reaching your next career step is easy. Through this blog, we will explore some top job hu
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Carry traders move to Swiss Franc to fund their trades [Video]
Risk appetite got a hit yesterday as an army of Federal Reserve (Fed) speakers sounded cautious about the timing of the first rate cut and as the barrel of Brent spiked past the $90pb level on rising tensions between Iran and Israel after Israel bombed the Iranian embassy in Damascus earlier this we
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Pull-up Update