Global shares rise on growing U.S. jobless claims

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Source: Reuters
Stocks worldwide increased on Monday with the gauge of most-traded global shares rising towards the highest level in six years after a report last week showed that U.S. unemployment claims increased suggesting that the Federal Reserve may keep the interest rates low. The MSCI world-equities index added 0.2%, while the Emerging Markets Index rose 0.9%.

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Mon, 13 Jan 2014 18:55:08 GMT

India's inflation is forecast to stay high in December

Inflation measure as consumer price index in India is forecast to have stayed high in the last month of 2013, according to a survey published by the Reuters, together with the benchmark wholesale inflation rising from 7% to 7.52% in November. The survey showed that the country's inflation is projected to record 9.92% in December from 11.24% in the prior

Mon, 13 Jan 2014 18:33:10 GMT

Hedge funds cut bullish commodity position by most in 7 weeks

Commodity prices declined on Monday falling to the lowest level in eight months amid signs that inventories increased by more than forecast and as China's gross domestic product eased after global hedge funds reduced their bullish commodity bets. The world-wide net-long positions of the most-traded commodities slipped by 11% to 678,885 futures in the week to January 7.

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