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Gold Drifts Lower, Investors Eye Powells Speech

U.S. nonfarm payrolls due on Friday ADP employment data on Wednesday U.S. manufacturing contracted in June July 2 Reuters Gold prices slipped on Tuesday as the U.S. dollar held firm, while investors awaited comments from Federal Reserve Chair Jerome Powell as well as the country39;s jobs data for further clues about the interest rate outlook. […]
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US Yields Boost Dollar and Leave Yen Dazed at 38Year Low

SINGAPORE, July 2 Reuters The dollar was supported by rising U.S. yields and the blowtorch was on lowyielding currencies on Tuesday such as China39;s yuan and Japan39;s yen, which was pinned to its lowest since 1986. Benchmark 10year Treasury yields rose nearly 14 basis points to 4.479 overnight, with analysts attributing the move to expectations […]
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FTSE 100 Slides as Election Looms, Sainsbury Falls

FTSE 100 down 0.5, FTSE 250 off 0.3 Sainsbury falls after maintaining annual financial guidance Energy shares gain on higher oil prices British election in focus July 2 Reuters London39;s FTSE 100 tumbled to a twomonth low Tuesday as investors were cautious ahead of the parliamentary elections, although an uptick in oil prices helped offset […]
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Europe Stocks Slide as French Election, Rate Nerves Persist

Insurers, autos lead losses French election optimism fades EZ inflation eases but services costs stuck July 2 Reuters European stocks fell to twoweek lows on Tuesday as the relief rally in French shares following the first round of parliamentary elections faded, while data pointed to elevated services inflation in the euro zone. The panEuropean STOXX […]
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Microsoft Consolidates Retail Channels in China

SHANGHAI, July 2 Reuters Microsoft is consolidating its retail channels in mainland China, the firm said in response to media reports that it is closing its network of authorised physical retailers in the world39;s secondlargest economy. Microsoft did not confirm or deny the closures and did not comment on the number of authorised stores that […]
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Echoes of Dotcom Bubble Haunt AIdriven US Stock Market

NEW YORK, July 2 Reuters A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology. AI fever, coupled with a resilient economy and stronger earnings, has lifted the SP […]
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