Dollar Gains Ground in Busy Data Week, US Inflation in Focus

SINGAPORE, Feb 26 Reuters The dollar was on the front foot on Monday ahead of a packed week filled with key economic releases that will provide further clues on the global interest rate outlook, with a U.S. inflation reading taking centre stage. The core personal consumption expenditures PCE price index the Federal Reserve39;s preferred measure […]
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Chinese Companies Axe IPO Plans amid Listing Scrutiny

SHANGHAISINGAPORE, Feb 26 Reuters Companies have scrambled to scuttle plans for initial public offering in China this year as the securities watchdog tightens rules on share listings in a bearish market. Fortyseven companies pulled their listing plans from China39;s stock exchanges so far this year, compared with 29 withdrawals during the same period one year […]
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Most Gulf Markets Ease ahead of Inflation Tests

Feb 26 Reuters Most major stock markets in the Gulf fell in early trade on Monday on market concerns that higherthanexpected inflation could delay cuts to high U.S. interest rates. The Federal Reserve39;s favoured measure of inflation, the core personal consumption expenditures PCE price index, is due on Thursday and forecasts are for a rise […]
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Miners, Homebuilders Drag UKs FTSE 100 Lower

Wincanton hits record high on sweetened buyout offer Bunzl drops on 2024 operating margin warning FTSE 100 down 0.2, FTSE 250 off 0.1 Feb 26 Reuters UK39;s FTSE 100 edged lower on Monday as base metal miners lost ground on weak copper prices, while declines in homebuilders following the UK antitrust watchdog39;s investigation into the […]
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CommodityLinked Stocks Drag European Equities Lower

Bank of Ireland slides on weakerthanexpected forecast France39;s Iliad to take 1.3 bln stake in Sweden39;s Tele2 Zealand Pharma shares surge on liver disease drug trial data Euro zone, U.S. inflation data in focus this week Feb 26 Reuters European shares fell on Monday, led by a decline in commoditylinked stocks, while investors awaited key […]
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Europe, Africa Oil Markets Tighten, Lending Support to Futures

LONDON, Feb 23 Reuters Red Sea shipping delays and OPEC supply cuts are tightening physical oil markets in Europe and Africa as well as the Brent crude market structure, lending further support to oil futures prices, according to traders, LSEG data and analysts. A sustained rise in crude prices would lift energy, transportation and manufacturing […]
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Sterling Set for 1st Weekly Rise vs Dollar since midJanuary

Feb 23 Reuters Sterling was on track for its first weekly rise versus the dollar since midJanuary on increasing risk appetite and some solid British economic data. Traders see the pound as a risk currency that moves in line with similar assets, most typically equities, and global shares capped a recordbreaking week after U.S. chipmaker Nvidia39;s blockbuster […]
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Dollar on Track for First Weekly Fall in 2024

Feb 23 Reuters The U.S. dollar was on track to record its first weekly fall in 2024 on Friday, as investors took a breather after almost two months of rises built on subsiding expectations for future Federal Reserve rate cuts. The greenback has bounced this year as strong economic data and warnings from Fed officials the inflation […]
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