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New Zealand Dollar falls most in 9 months on RBNZ
Thu, 24 Jul 2014 08:08:21 GMT
 
New Zealand's currency reached the weakest level in nine months as the RBNZ issued a warning of the potential "sizeable decrease" in the Kiwi. The New Zealand's Dollar depreciated by at least 0.9% >>
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Chinese PMI reaches a 18-month high
Thu, 24 Jul 2014 07:57:21 GMT
 
As China's manufacturing indicator was at its highest in one and a half years the outlook for reaching the 7.5% growth target looks positive. The PMI came out at 52.0 suggesting expansion and >>
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BoE governor concerned about low interest rates
Wed, 23 Jul 2014 16:30:14 GMT
 
Mark Carney, governor of the Bank of England, states that keeping interest rates low for a long time may cause a bubble in housing prices and there is a possibility >>
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Bank of Spain reports growth increase
Wed, 23 Jul 2014 16:19:09 GMT
 
Spain economic growth quickened in the second quarter of the year as the country is ready to start the second year of the upturn from the most severe recession in its democratic history. >>
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China prevents second company default
Wed, 23 Jul 2014 16:08:13 GMT
 
China stopped another default in its bond market, decreasing concerns which pointed out that the instability in the financial markets could develop as debt climbs and growth declines. The first >>
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South Korea's economy slips in Q2
Wed, 23 Jul 2014 15:57:08 GMT
 
Asia's fourth largest economy presumably experienced its weakest growth in the second quarter of the year since the beginning of 2013. The economy gained only 0.7% from April to June. South Korea's economy gained >>
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WTI declines as gasoline supplies expand
Wed, 23 Jul 2014 15:46:08 GMT
 
The Texas light sweet slid for a second day with fuel inventories increasing in the US. As 3.6 million barrels of gasoline were added to the inventories last week the September futures lost >>
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Bank of England leaves interest rate unchanged
Wed, 23 Jul 2014 15:35:09 GMT
 
Some members of the MPC see that the probability of a rate hike is falling, as growth becomes stationary. Officials voted 9-0 to leave the benchmark rate unchanged at 0.5%. >>
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UK Retail sales recover in July
Wed, 23 Jul 2014 15:24:10 GMT
 
The latest CBI's survey regarding Monthly Distributive Trades revealed that retail sales volumes increased firmly and are expected to improve even more in the forthcoming month. As a higher increase >>
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UK interest rates on hold
Wed, 23 Jul 2014 11:33:07 GMT
 
Discussions regarding the possibility of an increase in interest rates took place, during this month's meeting, among BoE officials. In fear of disturbing the recovery, all members of the Monetary >>
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UK June property sales highest since 2007
Wed, 23 Jul 2014 11:22:10 GMT
 
UK housing sector has been showing continued signs of recovery as there were 109,580 properties sold in June. It was the highest number since the end of 2007 and was >>
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Kiwi hits its counterpart, the Greenback
Wed, 23 Jul 2014 11:11:07 GMT
 
The Reserve Bank of New Zealand is assumed to raise the interest rates by 0.25% following a last month's hike from 3% to 3.25%.  NZD/USD reached 0.8684, the highest level >>
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U.S. treasury yield near 13-month low
Wed, 23 Jul 2014 11:00:09 GMT
 
Long-term 30-year U.S. bond yields were close to their 13-month low, as the market reckons the Fed will not increase the borrowing costs when inflation rate remains decreased. Meanwhile, the >>
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Gold edged up to $1,308
Wed, 23 Jul 2014 10:49:09 GMT
 
Gold lost 0.4% of its value in the previous session because of the firmer equities, reaching the level of $1,308. However, traders and analysts forecast gold prices to fluctuate at >>
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Asian shares advance during US Dollar decline
Wed, 23 Jul 2014 10:27:10 GMT
 
Asian stocks grew as Hang Seng China Enterprises led the way with a 2.1% jump today following a 2.4% increase yesterday. The Asia-Pacific gauge seems to be on track to reach the >>
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