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Thursday May 24: Five things the markets are talking about Global stock markets remain under pressure as investors shun risk assets for relative safe havens. Rising Italian bond yields, fading prospects for the North Korea summit, disintegrating EM currencies, and deteriorating E.U economic data continue to wreak havoc amongst the…

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U.S. President Donald Trump on Wednesday signaled a new direction in U.S.-China trade talks and said any deal would need “a different structure,” fueling uncertainty over current negotiations and sending U.S. stocks lower. In an early morning post on Twitter, Trump said the current track appeared “too hard to get…

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Gold continues to hug the $1290 line in Wednesday session, where it has hovered for much of the week. Earlier in the day, gold moved close to $1300 but has since retracted. In North American trade, the spot price for one ounce of gold is $1291.20, down 0.01% on the day. New…

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House prices in London tumbled in March, with the annualised rate of inflation dropping to minus 0.7%, the steepest fall since 2009, according to official Land Registry figures for March. House prices across the UK fell by 0.2% in March, with prices dropping across much of the south of England….

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Normally, we’d preview the Bank of Canada’s next policy decision closer to the actual date. But all the relevant data has been published, so why wait? Unless the central bank scraps its story, it will leave the benchmark rate at 1.25 per cent on May 30. Canada’s dollar dropped half…

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Euro zone economic growth slowed much more sharply than expected this month, a business survey showed, which along with weaker inflation has intensified concerns there will be no return to the bloc’s recent boom times. The European Central Bank will end its asset purchase program this year and hike interest…

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UK inflation unexpectedly fell further last month to the lowest level in more than a year, as lower airfares provided some relief for cash-strapped Britons. The consumer price index dropped from 2.5% in March to 2.4%, according to the Office for National Statistics (ONS). Economists had expected the annual rate…

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Investors sold equities on Wednesday and raced to buy Japanese yen and government bonds from the United States and Germany on fears that setbacks to U.S-China trade talks would undermine increasingly fragile-looking world growth. The yen JPY=EBS rose more than 1 percent against the dollar, U.S. bond yields, which move…

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U.S. President Donald Trump, who has repeatedly pledged to revive American manufacturing, on Wednesday said “big news” was coming that would be welcomed by U.S. autoworkers but he gave no details. “There will be big news coming soon for our great American Autoworkers. After many decades of losing your jobs…

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