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GDT Price Index drops 1.4%
Tue, 03 May 2016 15:15:07 GMT
 
According to the latest GlobalDairyTrade auction, dairy prices dropped 1.4% to $2,203 per metric ton after the 3.8% increase to $2,263 registered on April 19. In the meantime, the Kiwi >>
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EC cuts GDP growth forecasts
Tue, 03 May 2016 15:04:04 GMT
 
On Tuesday, the European Commission revised downwards its GDP growth forecast for the Euro zone to 1.6% from the previous year's 1.7% result and the 1.7% growth outlook reported in >>
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UK PMI release reveals industry weakness
Tue, 03 May 2016 12:14:04 GMT
 
Data on UK's PMI surprised investors on Tuesday by entering negative territory with 49.2 points, plunging from 50.1 points in March. Investor Expectations were missed by 2 points as result >>
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Chinese manufacturing extends downfall
Tue, 03 May 2016 11:29:05 GMT
 
The Chinese Caixin manufacturing PMI showed a 0.3 point drop from the month before at 49.4 points, continuing the recessive trend that has pushed the measure in negative territory for >>
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Asian markets spike after RBA rate cut
Tue, 03 May 2016 09:18:10 GMT
 
Asian stocks surged with Australia leading the trend on Tuesday, following a rate cut by the RBA. While Japanese markets closed for Constitution day, the Shanghai Composite index spiked by >>
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Aussie drops following RBA rate cut
Tue, 03 May 2016 08:05:09 GMT
 
The Australian Dollar dropped 1.3% after the RBA announced cutting rates to a record low 1.75%. The Aussie hovered around the $0.7700 mark before the announcement, and plunged to $0.7563 >>
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Rise in Australian building approvals tops forecast
Tue, 03 May 2016 07:37:07 GMT
 
Building approvals in Australia exceeded expectations, as the data release on Tuesday showed a 3.7% jump, topping the 3.1% gain in February. This is an unexpected positive development, as investors >>
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Markit's PMI worsens to 50.8 in US
Mon, 02 May 2016 14:54:04 GMT
 
In the United States, Markit's Purchasing Managers' Index for the manufacturing sector dropped to a score of 50.8 in the fourth month of the year, following March's 51.5 reading and >>
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Eurozone's Manufacturing PMI improves to 51.7
Mon, 02 May 2016 13:53:05 GMT
 
According to Markit's official data released on Monday, the Eurozone's Manufacturing PMI grew more-than-expected in the fourth month of the year. The Eurozone's PMI was revised upward to 51.7 from >>
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PMI shows marginal upward trend in Germany
Mon, 02 May 2016 09:57:05 GMT
 
The German PMI showed expansion in the industrial sector as it surged to 51.8 points, displaying a positive trend from the previous month when the measure showed 50.7 points. Although >>
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Italian manufacturing sector boasts highest growth in 2016
Mon, 02 May 2016 09:46:13 GMT
 
The Italian PMI reached this year's high at 53.9 points in comparison to the expectation of 53 points, continuing to top the 50 point mark and show an ongoing positive >>
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Spanish manufacturing PMI exceeds expectations
Mon, 02 May 2016 09:35:05 GMT
 
The data release on the Spanish PMI showed a positive trend in the manufacturing sector as the measure grew by 0.1 points since the month before and showed 53.5 points >>
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Gold on its way to 15-month high
Mon, 02 May 2016 09:24:05 GMT
 
Bullion traded 0.4% higher on Monday, reaching $1,295.10 as a reaction to the Chinese manufacturing data release and the lowering chances of a rate hike. Gold is believed to be >>
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Asian stocks slip as Yen gains strength
Mon, 02 May 2016 08:51:05 GMT
 
Asian markets closed low on Monday with Japanese stocks leading the way, as the Yen gained strength following lack of monetary policy expansion by the BoJ. While Labour Day kept >>
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Italian jobless claims reach 4-year low
Fri, 29 Apr 2016 09:48:14 GMT
 
An official data release on Friday showed the lowest unemployment rate in Italy since 2012, falling as low as 11.4% in March, in recovery from the 11.6% mark that it >>
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