UK Economy Expands as Forecast in Q2

LONDON, Aug 15 Reuters Britain39;s economy grew 0.6 in the second quarter of 2024, in line with economists39; expectations and building on a rapid 0.7 recovery in the first quarter of the year after a shallow recession in the second half of 2023, official figures showed. In June alone, Britain39;s level of gross domestic product […]
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Oil Prices Up on Hopes of US Rate Cuts Boosting Fuel Demand

Brent up 0.2, WTI up 0.3 US rate cut hopes offset worries on China demand Aug 15 Reuters Oil prices rose on Thursday, supported by optimism that potential U.S. interest rate cuts will boost economic activity and fuel consumption though concerns over slower global demand curbed gains. Brent crude futures rose 19 cents, or 0.24, […]
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Gold Regains Ground on Softer US Dollar, Yields

US consumer prices increase as expected in July US retail sales, initial jobless claims data due at 1230 GMT Aug 15 Reuters Gold prices gained on Thursday, helped by a weaker U.S. dollar and Treasury yields, as investors waited for more U.S. data to gauge the outlook for interest rates after a key inflation report […]
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Pound Ticks Up on British GDP Data, Euro Holds above 1.10

SINGAPORE, Aug 15 Reuters The pound nudged higher on Thursday after solid British GDP data, and the euro held above 1.10, near the previous day39;s over sevenmonth top, underpinned by data showing slowing U.S. inflation which reinforced expectations of a Fed rate cut next month. Markets were calmer after recent ructions but the pound was up 0.2 on the […]
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European Shares Tick Up on Fed Rate Cut Bets

Admiral jumps on Q2 pretax profit beat British economy grew 0.6 STOXX 600 up 0.2 Aug 15 Reuters European shares rose on Thursday as benign inflation data cemented bets of a U.S. rate cut in September and gains in insurer Admiral added to the upbeat mood. The panEuropean STOXX 600 had risen 0.2 to trade near […]
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