Sterling Drifts Higher but Capped by Weak Data

LONDON, July 27 Reuters The British pound edged higher on Wednesday thanks to a broadly consolidating dollar but gains were capped by a fresh slate of weak data highlighting the problems facing the economy. British employers are feeling the most pessimistic about hiring and investment since the depths of the coronavirus pandemic crisis in 2020, […]
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Strong Results Boost European Shares ahead of Fed Meeting

July 27 Reuters European shares scaled near sevenweek highs on Wednesday following strong results from Britain39;s Reckitt Benckiser and Russiaexposed lender UniCredit, while investors awaited a U.S. Federal reserve policy decision later in the day. The STOXX 600 index rose 0.4, with sentiment also getting a lift after upbeat results from U.S. megacaps Microsoft Corp and Google […]
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Reckitt, Lloyds Drive Gains in Britains FTSE 100

Reckitt Benckiser at oneyear highs Lloyds Group jumps on forecast lift Rio Tinto slips on halving dividend FTSE 100 up 0.4, FTSE 250 adds 0.3 July 27 Reuters UK39;s bluechip index held near onemonth highs on Wednesday, as strong forecasts from heavyweights Reckitt Benckiser and Lloyds Banking Group overshadowed concerns over a slowing economy and […]
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Chinas Industrial Profits Rebound in June

BEIJING, July 27 Reuters Profits at China39;s industrial firms bounced back to growth in June after two months in the red, underpinned by the resumption of activity in major manufacturing hubs, but fears of a COVID19 resurgence have cast a shadow over future factory output. Profits in June grew 0.8 from a year earlier, rebounding […]
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Euro Zone Business Lending Unexpectedly Surges in June

FRANKFURT, July 27 Reuters Lending to euro zone companies accelerated in June, confounding fears that banks are tightening access to credit as uncertainty about inflation and the fallout of the war in Ukraine are pointing to recession risks, European Central Bank data showed. Lending to companies in the 19country euro area expanded by 6.8 in […]
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