BENGALURU, Nov 8 (Reuters) – The dollar’s recent weakness will linger for the rest of the year, according to a majority of FX strategists in a Reuters poll, who also said economic data will be the primary influencer of major currencies for the rest of 2023. A stronger-than-expected U.S. economy and rising Treasury yields as … Read more
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DUBAI, Nov 5 (Reuters) – Growth in non-oil business activity in Saudi Arabia accelerated for a second consecutive month in October, a survey showed on Sunday, with new orders supporting an overall expansion in activity which led to a sharp rise in employment levels. The seasonally adjusted Riyad Bank Saudi Arabia Purchasing Managers’ Index rose … Read more
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Nonfarm payrolls increase 150,000 in October Auto strikes reduce payrolls by 33,000 jobs Unemployment rate rises to 3.9% from 3.8% Average hourly earnings gain 0.2%; up 4.1% year-on-year WASHINGTON, Nov 3 (Reuters) – U.S. job growth slowed in October in part as strikes by the United Auto Workers (UAW) union against Detroit’s “Big Three” car … Read more
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A Wall St. street sign is seen near the New York Stock Exchange (NYSE) in New York City, U.S., September 17, 2019. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights NEW YORK, Oct 6 (Reuters) – Soaring Treasury yields have stunned the U.S. equity market in recent weeks, with some of the worst fallout hitting a group … Read more
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., September 26, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Investors eye Washington as shutdown looms Weekly jobless claims edge higher Micron slides after dour forecast Indexes up: Dow 0.21%, S&P 0.51%, Nasdaq 0.77% Sept 28 (Reuters) – Wall … Read more
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Container ships are shown at the Port of Los Angeles from San Pedro, California, U.S., June 23, 2023. REUTERS/Mike Blake Acquire Licensing Rights WASHINGTON, Sept 28 (Reuters) – The U.S. economy maintained a fairly strong pace of growth in the second quarter, the government confirmed on Thursday, and appears to have gathered momentum this quarter … Read more
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The U.S. Capitol Building is seen in Washington, U.S., August 31, 2023. REUTERS/Kevin Wurm/File Photo Acquire Licensing Rights A look at the day ahead in U.S. and global markets by Mike Dolan After the worst week since March on Wall St, three issues keep the pressure – a possible U.S. government shutdown at the end … Read more
Sept 22 (Reuters) – U.S. government services would be disrupted and hundreds of thousands of federal workers furloughed without pay if Congress fails to provide funding for the fiscal year starting Oct. 1. Workers deemed “essential” would remain on the job, but without pay. Many government agencies have not updated shutdown plans they have prepared … Read more
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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 15, 2023. REUTERS/Brendan McDermid Acquire Licensing Rights Weekly jobless claims drop 9% FedEx gains on surprise profit beat Broadcom down on report Google to replace co as AI chip supplier NEW YORK, Sept 21 (Reuters) – Wall … Read more
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[1/2]U.S. Dollar and Euro notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/Illustration/File Photo Acquire Licensing Rights NEW YORK, Sept 14 (Reuters) – The dollar index surged to a six-month high on Thursday, as economic data was mostly stronger than anticipated and the European Central Bank (ECB) signaled it was likely done … Read more