Congreve
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Turkey's inflation accelerates to nearly 70% in April
Turkey's inflation accelerated to 69.8% annually for the month of April, the Turkish Statistical Institute reported Friday. The highest consumer price increases year-on-year were in education, with a 103.86% jump, and hotels, cafes and restaurants, with an increase of 95.82%. On a monthly basis, Tur
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Powell did not shake markets
In focus today Today offers a light schedule in terms of tier-1 data releases. Most global markets that were off yesterday due to the International Labour Day are back today. In the US, we will keep an eye out for the preliminary Q1 productivity data. Surprisingly strong productivity growth contribu
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Irish Manufacturing Activity Contracts Most In 9 Months
Ireland's manufacturing downturn deepened in April amid a sustained reduction in output volumes and new orders, survey results from S&P Global showed on Wednesday. The headline AIB Manufacturing Purchasing Managers' Index dropped to 47.6 in April from 49.6 in March. Any score below 50 indicates
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Gold price uptrend continues as traders anticipate upcoming Fed decision
Gold continues its three-day rally, buoyed by falling US Treasury yields and a weakening US Dollar. Recent US economic data, including underperforming GDP and stable core PCE inflation rates, increasing expectations for Fed holding rates. Attention now turns to the US Federal Reserve's monetary poli
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World Central Kitchen To Resume Work In Gaza
International food charity NGO World Central Kitchen has announced it will resume operations in Gaza nearly a month after seven of its workers were killed in an Israeli air strike. WCK said in a press release that it is restarting operations and "focus on feeding as many people as possible" as the h
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European Shares Seen Opening Up As Traders Look To Fed Meeting
European stocks may open on a firm note Monday, though overall gains may remain capped somewhat as traders await the outcome of the highly anticipated Federal Reserve's policy meeting scheduled for April 30 to May 1. Along with the Fed's monetary policy announcement, the monthly jobs report and othe
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EUR/USD hovers around 1.0700, eyes on US first-quarter GDP data
EUR/USD posts modest gains near 1.0700 on the weaker USD on Thursday. US Durable Goods Orders increased by 2.6% MoM in March vs. 0.7% prior; Core Goods rose by 0.2% MoM, worse than expected. The dovish stance of the ECB, which sticks to plans to cut interest rates this year, weighs on the Euro. Trad
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Exness Global
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