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Australia stocks lower at close of trade; S&P/ASX 200 down 0.03%

Australia stocks were lower after the close on Friday, as losses in the Energy, Telecoms Services and A-REITs sectors led shares lower. At the close in Sydney, the S&P/ASX 200 lost 0.03%. The best performers of the session on the S&P/ASX 200 were Pilbara Minerals Ltd (AX:PLS), which rose 6.15% or 0.040 points to trade…
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Oil caught between trade talk hopes, weak China data

Oil prices held steady on Friday, torn between hopes the United States and China could soon settle their trade disputes and new data raising fresh concerns over China’s economic slowdown. International Brent crude oil futures were at $60.87 per barrel at 0244, 3 cents above their last close. U.S. West Texas Intermediate (WTI) futures were…
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Drill, China, drill: State majors step on the gas after Xi calls for energy security

U.S. metals importers that applied last year for exemptions from tariffs on steel and aluminum are losing hope the Commerce Department will approve their petitions, as the recent government shutdown added to a wait that for some has stretched to eight months without a ruling. Importers, ranging from pipeline giant Kinder Morgan Inc (NYSE:KMI) to…
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Trump delays State of the Union Address until shutdown ends

U.S. President Donald Trump said in a late night Tweet on Wednesday that he would delay a State of the Union address until the government shutdown was over, responding to House Speaker Nancy Pelosi’s move to obstruct his plans for the speech. Earlier in the day, Democratic leaders in the House of Representatives floated the…
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Dollar hampered by global growth, trade war worries; Aussie slips

The dollar was hamstrung versus its rivals on Thursday, restrained by concerns over global growth, the U.S. government shutdown and a yet-unresolved U.S.-Sino trade dispute. “Trade tensions are the most dominant factor for investor sentiment right now and will drive market flows,” said Nick Twidale, chief operating officer at Rakuten Securities. Twidale added that investor…
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Forex – Aussie Dollar Falls After National Australia Bank Hikes Home Loan Rates

The Australian dollar fell against the U.S. dollar on Thursday in Asia after one of the Australian top 4 big national banks, the National Australia Bank (NAB), raised the home loan rates. The bank said in a statement today that it would increase its standard variable mortgage rate for owner-occupier principal and interest (P&I) customers…
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Oil Prices Fall as Concerns Over Global Growth Continue to Dent Investor Sentiment

Oil prices slid on Thursday in Asia as lingering concerns over global economic growth continued to affect investors’ risk appetite. International Brent Oil Futures were at $60.87 a barrel at 1:42 AM ET (06:42 GMT), down 0.5%. U.S. Crude Oil WTI Futures were at $52.37 per barrel, also down 0.5% from their last settlement. On…
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Thought of the week

As mentioned in our 2019 Outlook, we expected the U.S. economy to slow this year as fiscal stimulus begins to fade. However, recent data, such as the ISM and Empire State manufacturing surveys, suggest that the economy is cooling at a faster pace than we anticipated. That said, as this week’s chart shows, this slowing…
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Thought of the week

The US December jobs report was strong on many fronts. In particular, data released showed wages for production and nonsupervisory workers increased by 3.3% year-over-year, the highest level since April 2009. Inflation data released last Friday showed headline consumer prices moderating to 1.9% and core prices steady at 2.2% year-over-year. The cooling in headline inflation…
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Brexit not a problem for Canada, will hit global economy: Canada finance minister

The uncertainty over whether the United Kingdom will leave the European Union is not a direct problem for Canada but will hit the global economy, Canadian Finance Minister Bill Morneau said on Wednesday. Morneau, speaking to reporters on the sidelines of a Cabinet retreat, sidestepped questions about whether Canada would seek to negotiate a free…
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