Grantham
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BoE’s Haskel: Persistence of inflation will be influenced by labor market tightness
Bank of England (BoE) policymaker Jonathan Haskel said on Tuesday that the “persistence of inflation will be influenced by labor market tightness.” “UK labor market tightness has been falling rather slowly,” Haskel added. Market reaction GBP/USD defends gains near 1.2360 after the BoE commentary, up
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AUD/USD rises on risk-on mood, upbeat PMIs
AUD/USD climbs over 0.54%, reaching 0.6449, buoyed by gains in Wall Street and a flat US Dollar. Australian manufacturing activity nears expansion with April's Judo Bank Manufacturing PMI rising to 49.9. Busy week ahead for US economic data, including PMIs and GDP, expected to influence AUD/USD dire
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Italy Construction Output Falls 3.9%
Italy's construction output decreased for the first time in five months in February, according to the provisional data released by the statistical office Istat on Friday. Construction production declined 3.9 percent month-on-month in February, reversing a 3.0 percent increase in the previous month.
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Asian markets this morning are trading in positive territory
Markets In a session deprived of key data, yields and the USD yesterday faced a correction on recent rise. Markets concluded that, without new data evidence on strong US demand or sticky inflation, enough Fed rate cut delay is discounted. A decline in oil prices (high US stockpiles) also supported c
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Finland Economic Output Recovers 0.8%
Finland's economic output expanded for the first time in seven months in February, data from Statistics Finland showed on Tuesday. Output of the national economy rose a working-day-adjusted 0.8 percent year-over-year in February, reversing a 0.3 percent drop in January, which was revised from a 1.2
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Worst is over in German manufacturing sector
In 2023, Germany's economy fared the worst among major economies, with GDP declining by 0.3% year-on-year and industrial production dropping by 2.5% compared to 2021. This can be attributed to its heavy reliance on manufacturing, past reliance on Russian gas, weak construction sector, and reduced gl
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