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Stocks gain, shrugging off latest policymaker inflation concerns

Stocks gain, shrugging off latest policymaker inflation concerns

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying Shanghai Composite index, Nikkei index and Dow Jones Industrial Average outside a brokerage in Tokyo, Japan, March 7, 2022. REUTERS/ Kim Kyung Hoon Register now for FREE unlimited access to Reuters.com register LONDON, Aug 18 (Reuters) – …

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Oil rises on US crude stocks data, tight supply outlook

An oil pump jack pumps oil in a field near Calgary, Alberta, Canada on July 21, 2014. REUTERS/Todd Korol Register now for FREE unlimited access to Reuters.com register US crude stocks fall by over 7 million barrels Russian supply set to be sharply curbed by EU sanctions Russia sees energy export revenue rising nearly 40% …

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Investors no longer ‘apocalyptically bearish’, Bank of America poll says

LONDON, Aug 16 (Reuters) – Investors are still bearish but no longer “apocalyptically” so, according to Bank of America’s (BofA) monthly survey of global fund managers in August, as hopes rise inflation and interest rates shocks will end in the coming quarters BofA, which polled investors overseeing $836 billion in assets between Aug. 5-11, said …

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Stocks drift, dollar firms as growth fears stifle sentiment

European stocks edge up 0.3% on defensive names Markets overall subdued amid China, US growth fears Dollar gains as investors seek safety LONDON, Aug 16 (Reuters) – European stocks crept sluggishly higher on Tuesday as investors sought safety in defensive names, while risk aversion likewise lifted the safe haven dollar following weak Chinese and US …

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Oil drops as China data weighs

FILE PHOTO – A pump jack is seen surrounded by steam during sunset at a PetroChina’s oil field in Karamay, Xinjiang Uigur Autonomous Region January 5, 2011. REUTERS/Stringer Register now for FREE unlimited access to Reuters.com register China’s July refinery output lowest since March 2020, data shows Stronger US dollar and low liquidity pressure prices …

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Asia shares mixed, China cuts rates as data disappoints

FILE PHOTO – People pass by an electronic screen showing Japan’s Nikkei share price index inside a conference hall in Tokyo, Japan June 14, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com register https://tmsnrt.rs/2zpUAr4 Nikkei edges up, S&P 500 futures bottom PBOC cuts key rates, China data badly miss forecasts Eyes on …

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Morning Bid: Asia’s economic spotlight shines on giants China, Japan

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying stock market data outside a brokerage in Tokyo, Japan, February 25, 2022. REUTERS/Kim Kyung-Hoon/File Photo Register now for FREE unlimited access to Reuters.com register Aug 15 (Reuters) – A look at the day ahead in Asian markets …

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Morning Bid: Europe set to sour the US sugar high

The words recession and Europe, made from letters of a scrabble game, are seen in this illustration picture taken in Ljubljana, November 15, 2012. REUTERS/Srdjan Zivulovic Register now for FREE unlimited access to Reuters.com register A look at the day ahead in markets from Alun John European economic data takes center stage on Friday, with …

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US gasoline prices fall below $4 for first time since March

Gasoline demand has waned in the summer Lower-income households spending less as prices dip US retail price hit a record in June Aug 11 (Reuters) – The average price of US retail gasoline fell below $4 per gallon on Thursday for the first time in months, giving some relief to drivers in the world’s largest …

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Hope for smaller rate rises to lift Wall Street, oil gains

LONDON, Aug 11 (Reuters) – Wall Street headed for another day of gains on Thursday as investors banked on peaking inflation persuading central banks to dial back on their anticipated interest rate hikes in September. The prospect of less aggressive tightening in borrowing costs sent the dollar lower, while oil prices rallyed after the International …

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