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U.S. import prices fall; year-on-year drop largest since 2016

U.S. import prices fell for a second straight month in December as the cost of petroleum products tumbled and a strong dollar curbed prices of other goods, leading to the largest year-on-year drop in more than two years. The report from the Labor Department on Wednesday added to weak producer and consumer prices data in…
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Oil Prices Fall on Record High U.S. Crude Production

Oil prices fell on Thursday in Asia after the U.S. Energy Information Administration (EIA) reported that American crude oil production reached a record 11.9 million bpd in the week ending Jan. 11, up from 11.7 million bpd last week. Crude Oil WTI Futures were down 0.7% at $51.97 per barrel by 12:48 AM ET (05:48…
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Forex – British Pound Little Changed as May Wins Confidence Vote

The British pound was little changed on Thursday in Asia after UK Prime Minister Theresa May’s government survived a vote of no-confidence. The news followed the hefty defeat of the prime minister’s withdrawal deal in the U.K. parliament on Wednesday. The GBP/USD pair last traded at 1.2867, down 0.08% by 11:51 PM ET (04:51 GMT).May…
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Asian shares propped up by hopes for Sino-US trade deal, cautious Fed

Most Asian shares were propped up on Tuesday by hopes that Washington and Beijing may be inching towards a trade deal and that U.S. Federal Reserve would halt its tightening if economic growth slows further. Japan’s Nikkei (N225) rose 0.9 percent while MSCI’s broadest index of Asia-Pacific shares outside Japan (MIAPJ0000PUS) ticked up just 0.1…
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U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.42%

U.S. stocks were higher after the close on Monday, as gains in the Consumer Services, Oil & Gas and Telecoms sectors led shares higher. At the close in NYSE, the Dow Jones Industrial Average gained 0.42%, while the S&P 500 index gained 0.70%, and the NASDAQ Composite index gained 1.26%. The best performers of the…
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Gold Prices Slide as U.S. Dollar Rebounds; Trade Talks, Powell’s Comment In Focus

Gold prices slid on Tuesday in Asia, as the U.S. dollar rebounded after falling for a fourth straight session amid expectations that the U.S. Federal Reserve may halt its rate-hiking cycle for the year. Gold futures for February delivery declined 0.5% to 1,283.50 by 12:50 AM ET (05:50 GMT) on the Comex exchange. Fed Chairman Jerome Powell on…
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Fed pause expectations keep lid on dollar

The dollar struggled for traction against its peers on Tuesday, with investors increasingly convinced the Federal Reserve will not raise interest rates this year amid risks of a sharper slowdown in global growth. The greenback was marginally firmer against the yen , after falling 0.2 percent earlier in the session as traders wagered that the…
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Forex – U.S. Dollar Rebounds After Falling for Fourth Straight Session

The U.S. dollar rebounded on Tuesday in Asia after falling for a fourth straight session. The U.S. Dollar Index last traded at 96.495 by 10:56 PM ET (03:56 GMT), up 0.3%. The dollar traded lower earlier in the day after data showed the ISM non-manufacturing data for December fell to a reading of 57.6, missing…
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Day Ahead: Top 3 Things to Watch

JOLTs Numbers Expected to Rise The main economic data tomorrow will be the Job Openings and Labor Turnover Survey (JOLTs) numbers for November. The report will be released at 10 AM ET (15:00 GMT). Economists forecast that job openings rose to 7.17 million. But the numbers are from two months ago, so may not have…
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Colgate-Palmolive released their economic results.

Colgate-Palmolive Company (NYSE-CL) has recently released their economic results for the third quarter of the year 2018, which outperformed the analysts’ expectations. Despite a small decrease in revenue, the economic results for the third quarter of 2018 have been good, as the company managed to cope with the trend of a significant competition in China.…
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