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U.S. Retail Sales Unexpectedly Dip Amid Sharp Pullback In Auto Sales
Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected decrease in U.S. retail sales in the month of May. The report showed retail sales fell by 0.3 percent in May after climbing by a downwardly revised 0.7 percent in April.
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Bank Of England To Raise Rates For Fifth Time
The Bank of England is widely expected to raise its interest rates for a fifth policy session in a row on Thursday amid soaring inflation that is fueling further rise in cost of living and severely hurting consumer confidence.
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New York Manufacturing Index Jumps But Remains Negative In June
The Federal Reserve Bank of New York released a report on Wednesday showing regional manufacturing activity was little changed in the month of June.
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U.S. Import Prices Climb Less Than Expected In May
A report released by the Labor Department on Wednesday showed U.S. import prices increased by less than expected in the month of May.
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U.S. Retail Sales Unexpectedly Dip 0.3% In May
Reflecting a sharp pullback in auto sales, the Commerce Department released a report on Wednesday showing an unexpected decrease in U.S. retail sales in the month of May.
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Dollar Slightly Down After U.S. Retail Sales
U.S. import and export prices and retail sales for May have been released at 8:30 am ET Wednesday. The greenback dropped slightly against its major counterparts after these data.
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Bay Street Likely To Open On Positive Note; Fed Policy In Focus
Canadian shares are likely to open on a positive note Wednesday morning, tracking positive global cues and higher bullion prices.
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Dollar Mixed Ahead Of U.S. Retail Sales
U.S. import and export prices and retail sales for May are due at 8:30 am ET Wednesday. Ahead of these data, the greenback traded mixed against its major counterparts. While the currency recovered against the euro and the franc, it dropped against the pound. Against the yen, it was steady.
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U.S. Dollar Lower Before Fed Decision
The U.S. dollar slipped against its major counterparts during the European session on Wednesday, ahead of the U.S. Federal Reserve's monetary policy decision that is expected to deliver another 50 basis point rate hike to counter inflation.
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Sensex, Nifty Extend Losses For Fourth Day Ahead Of Fed Decision
Indian shares ended a choppy session lower on Wednesday, extending losses for a fourth straight session.
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European Shares Rise As Banks Surge Ahead Of Unscheduled ECB Meeting
European stocks climbed on Wednesday as European Central Bank policymakers called an emergency meeting later today to discuss the recent sell-off in government bond markets.
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FTSE 100 Rallies Ahead Of Fed And BoE Meetings
U.K. stocks advanced on Wednesday as the Bank of England begins its two-day policy meeting today.
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CAC 40 Rallies Led By Banks
French stocks rallied on Wednesday after it emerged that the European Central Bank will hold an unscheduled meeting later today to discuss the recent volatility in government bond markets.
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