BilalForex
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European Stocks Close Lower As Investors React To Earnings, Economic Data
European stocks closed lower on Thursday with investors digesting a slew of earnings updates and economic data from Europe and the U.S. Although several companies reported fairly strong quarterly earnings, weak updates and revenue guidance from a few top notch European and U.S. companies fell short
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German Ifo Business Confidence Improves In April
German business sentiment improved in April, reports said citing survey data from the ifo Institute on Wednesday. The business confidence index climbed to 89.4 in April. Economists had forecast the score to rise moderately to 88.9 from March's initially estimated value of 87.8. RTTNews Economic Cale
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Pound Sterling weakens as traders bet BoE more likely to start rate cuts earlier than Fed
The Pound Sterling faces selling pressure as the soft inflation outlook prompts BoE rate cut prospects. Weak UK Retail Sales also contribute to a softer inflation outlook. Fed’s higher for longer interest-rates argument strengthens the US Dollar. The Pound Sterling (GBP) remains on the back foot in
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