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Troubled UK economy rides out Jubilee disruption, but recession looms

Bank holidays for queen’s jubilee hit UK GDP in June Output falls 0.6% in June vs forecasts for 1.3% drop UK’s Zahawi says data show resilience, economists see recession LONDON, Aug 12 (Reuters) – Britain’s economy contracted by less than feared in June, when public holidays had been expected to exert a big drag, although …

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S&P 500, Nasdaq close up 4th straight week as optimism grows

Nasdaq, S&P 500 post longest weekly win streaks since November S&P 500 recovers 50% of bear market losses S&P 500 is up 17.7% from a mid-June low NEW YORK, Aug 12 (Reuters) – Wall Street closed higher on Friday as signs that inflation may have peaked in July increased investor confidence that a bull market …

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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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Dollar drops on cooler-than-expected US inflation data

US One dollar banknotes are seen in front of displayed stock graph in this illustration taken, February 8, 2021. REUTERS/Dado Ruvic/Illustration/ Register now for FREE unlimited access to Reuters.com register NEW YORK, Aug 10 (Reuters) – The dollar fell broadly on Wednesday following a cooler-than-expected US inflation report for July that raised expectations of a …

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Stocks rally, dollar falls on easing inflation

Wall Street rallies with Nasdaq leading gains CPI was flat in July after rising 1.3% in June In 12 months through July, CPI rose 8.5% vs 9.1% in June NEW YORK, Aug 10 (Reuters) – Wall Street equities rally and the dollar tumbled after signs of sharply decelerating US inflation prompted bets that the Federal …

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Wall Street rally lifts Nasdaq 20% from low as inflation fears ebb

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, US, August 8, 2022. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com register Fed now seen delivering 50 bps hike in September US consumer price growth slows in July Musk sells Tesla shares worth $6.9 …

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Fed may slow rate hikes, but policymakers say more is needed

The Federal Reserve building is pictured in Washington, DC, US, August 22, 2018. REUTERS/Chris Wattie/File Photo Register now for FREE unlimited access to Reuters.com register Kashkari sticks to his view of 3.9% fed funds rate at end-2022 Evans sees 3.4% policy rate this year Both push back on market expectation for rate cuts next year …

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China’s inflation factory hits 17-month low, consumer prices speed up

A worker walks past steel rolls at the Chongqing Iron and Steel plant in Changshou, Chongqing, China August 6, 2018. REUTERS/Damir Sagolj/File Photo Register now for FREE unlimited access to Reuters.com register July producer inflation at lowest since Feb 2021 July consumer inflation at 2-year high PBOC seen staying accommodative to spur growth BEIJING, Aug …

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Nasdaq closes lower as chipmaker Micron’s warning renews tech rout

Micron falls on lowered revenue forecast Semiconductor stocks drop for third session Novavax tumbles after cutting revenue view by half NEW YORK, Aug 9 (Reuters) – The Nasdaq closed down on Tuesday after a dismal forecast from Micron Technology pulled chip makers and tech stocks lower as investors await US inflation data that could lead …

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Wall St trades mixed on Fed tightening fears, Nvidia weighs

US Senate approves bill on climate change, drug costs Nvidia slides as slump in gaming demand hits Q2 revenue Tyson Foods down on quarterly profit miss Palantir drops on forecast cut Indexes mixed: Dow up 0.14%; S&P, Nasdaq slip Aug 8 (Reuters) – US stock indexes were mixed on Monday after blockbuster jobs data last …

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