ECB Trims Eurozone Economic Outlook

On Thursday, the European Central Bank axed the growth and inflation target of the euro area, citing constant uncertainties, primarily external, and provided banks with more money through long-term loans to encourage lending to a weak economy. The bank also

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Pound Rallies On Impressive Growth Of UK Service Sector

At the early European session Tuesday, the pound was trading higher against its significant peers, as figures indicated that the UK services sector was expanding far more than anticipated in February. IHS Markit survey data indicated that the seasonally adjusted

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US Consumer Sentiment, PMI Data Signals Economic Slow Down

According to a report published by the Institute for Supply Management on Friday, growth rate in the US manufacturing sector stalled by even more than expected in the month of February. After jumping to 56.6 in January, the ISM said

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US Consumer Confidence Bounces Back Better Than Anticipated In February

According to a report released by the Conference Board on Tuesday, consumer confidence in the United States rebounded in February after three consecutive monthly declines. The Conference Board said its consumer confidence index in February, which fell to 121.7 in

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US Dollar Up As Trump Decides To Postpone Tariff Increase On Chinese Goods

President Donald Trump disclosed on Sunday a dramatic shift in in in in US trade policy through a Twitter posts, announcing his intention to delay a scheduled increase in Chinese import tariffs. The US dollar gained against the euro and

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Euro Declines After ECB Economist Hints LTRO Talks In March

The euro fell against its peers in in in in the European sitting on Wednesday, after the European Central Bank Chief Economist Peter Praet proposed that the fresh tranche of the Targeted Long-Term Refinancing Operation (LTRO) should be debated during

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US Homebuilder Confidence Rises Considerably In February

With increasing consumer confidence and rapidly falling interest rates reflected, the National Association of Home Builders released its Tuesday report detailing a substantial increase in US home builders ‘ optimism in February. The report indicated that the NAHB / Wells

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European Markets Seen Flat As US-China Trade Negotiations Begin

On Thursday, European stocks are expected to open predominantly unchanged, as China and the US launched two days of trade talks in Beijing in an attempt to de-escalate the trade dispute ahead of the March 1 cutoff date for a

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UK Economic Growth Tumbles To 6-yr Low On Brexit Uncertainty

Economic growth in Britain slowed sharply in the fourth quarter of 2018, with growth throughout the full year being the slowest in six years as Brexit concerns and international trade tensions dimmed its activity. The GDP grew 0.2% from the

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BoE Slashes Growth Outlook On Brexit Uncertainty

On Thursday, the Bank of England reduced growth forecasts for the UK economy, saying that the outlook remained highly sensitive to the effects of Brexit, as policymakers left the key interest rate and bond purchases unchanged. The central bank said

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