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AUD/JPY gains on growing expectations for a more hawkish RBA
AUD/JPY continues its winning streak after the stronger Australian CPI was released on Wednesday. Australia’s 10-year government bond yield has surged to 4.49% near five-month highs on waning expectations of the RBA rate cuts. The Japanese Yen continues to depreciate as the BoJ is expected to abstai
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Dow Jones Industrial Average gains after US PMI miss reignites rate cut hopes
Dow Jones tests 38,500.00 as US equities climb. US PMIs weakened, bolstering hopes for a Fed rate trim. Key US GDP and PCE inflation data still on the table for the week. The Dow Jones Industrial Average (DJIA) climbed on Tuesday after US Purchasing Managers Index (PMI) figures softened unexpectedly
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FTSE100 outlook: Hits new record high
FTSE 100 FTSE 100 index hit new marginally higher record high on Tuesday, as strong bullish acceleration extends into third straight day. Strong gains in UK defense stocks, food producers and retailers, along with weaker pound and rising commodity prices contributed to strong advance of blue-chip st
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Ireland Wholesale Price Inflation Eases To 2.0%
Ireland's wholesale price inflation moderated in March to the lowest level in three months, data from the Central Statistics Office showed on Monday. Output prices in the manufacturing industry rose 2.0 percent year-over-year in March, slower than the 3.3 percent increase in February. Prices have be
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Euro Advances On Easing Middle East Fears
The euro was higher against its major counterparts in the New York session on Friday, as concerns about an escalation in the Middle East conflict eased after a subdued response from Iran to Israel's retaliatory attack. Iran's state-run media reported that there was no missile attack and the explosio
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Dow Jones advances moderately in a cautious market mood
Dow Jones gains while NASDAQ, S&P 500 slide. Geopolitical concerns have eased, but investors remain wary of risk. Dow Jones trend needs to break resistances at 38,105 and 38,531 to cancel the bearish bias. The Dow Jones Industrial Average (DJIA) is trading moderately higher on Friday with Wall S
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Worst of both worlds: Are the risks of stagflation elevated?
Summary In this first report of a three-part series, we present a framework to characterize historical episodes of stagflation into mild, moderate or severe episodes. Iain Macleod coined the term "stagflation" during an address to the House of Commons in 1965: “We now have the worst of both worlds—n
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Canadian dollar extends losses as Canada’s inflation rises
The Canadian dollar is down for a fifth straight day and has slipped 1.9% during that time. In the North American session, USD/CAD is trading at 1.3840, up 0.37%. Canada’s inflation rises to 2.9% Canada’s inflation rate for March rose to 2.9% y/y, ticking up from 2.8% in February and above the marke
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CAC 40 Declines As Bond Yields Surge
French stocks tumbled on Tuesday as robust gains in March retail sales figures combined with upward revisions in the prior two months added to concerns about the outlook for U.S. interest rates. Investors also pondered over a wider Middle East conflict. Israel is weighing possible response actions t
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Pull-up Update