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Global Equity Funds Draw 1st Weekly Inflow after 5 Weeks

Dec 16 Reuters Global equity funds attracted their first inflow in six weeks in the week ended Dec. 14, with investors optimistic that easing inflation levels would prompt central banks to scale back the pace of interest rate hikes. Still, the Federal Reserve raised its benchmark rate by half a percentage point on Wednesday and said it […]
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C.Banks Hikes set Pound for Biggest Weekly Drop since Nov

LONDON, Dec 16 Reuters The pound fell on Friday against the euro and the U.S. dollar, setting it on track for its biggest weekly declines against the two currencies since early November after a raft of central bank interest rate hikes. The Bank of England BoE delivered an expected halfpercentagepoint increase in interest rates on […]
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Stocks Steady, Yields Rise as Rate Risks Cloud 2023 Outlook

Global stocks broadly unchanged Japan could tweak inflation target sources U.S. stock futures inch higher, Asia down Oil prices bounce on China demand hopes MILAN, Dec 19 Reuters World stocks steadied above near 6week lows on Monday and bond yields crept higher as investors started the year39;s last full trading week still mindful of interest […]
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Miners, Energy Stocks Push FTSE 100 Higher

FTSE 100 up 0.5, FTSE 250 flat AstraZeneca drops on lung cancer drug failure Dec 19 Reuters UK39;s FTSE 100 edged higher on Monday, buoyed by energy firms and miners, though concerns about slowing economic growth kept investors on edge after major central banks stuck to their hawkish monetary policy stance last week. The exportoriented […]
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German Business Morale Approaches 2023 on High Note Ifo

Business climate index at 88.6 vs forecast 87.4 All indicators post betterthanexpected rise Ifo economist No trend reversal yet BERLIN, Dec 19 Reuters German business morale rose more than expected in December as the outlook for Europe39;s largest economy improved despite the energy crisis and high inflation, a survey showed on Monday. The Ifo institute […]
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UK Factory Output and Export Orders Sag in December CBI

LONDON, Dec 19 Reuters British factories39; output and export orders slid this month, according to a survey on Monday that underlined the troubles faced by the manufacturing sector, including high inflation and a weak global economy. The Confederation of British Industry CBI said its gauge of manufacturing output during the three months to December fell […]
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