Cable slightly higher, but gains capped

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Source: Forexpros

On Tuesday, the Cable was slightly higher versus the U.S. counterpart, but gains seemed to be capped amid uncertainty over if Spain will seek for a bailout, and disappointing U.K. data. GBP/USD hit a session high of 1.6163 and subsequently consolidated at 1.6152, which was a 0.14% growth for the European morning trading session.

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Tue, 02 Oct 2012 11:30:45 GMT

U.S. stock futures rise on manufacturing data

U.S. stock futures inched higher on Tuesday as traders continued to find encouragement in improved U.S. production data and global central banks' activity. However, global growth concerns are still on the spot. Dow Jones futures gained 45 points to 13,482. Futures on S&P advanced 6.2 points to 1,443.10, while those on Nasdaq added 11.75 points to 2,800.

Tue, 02 Oct 2012 11:08:45 GMT

Eurozone PPI above forecasts in August

Euro area's Producer Price Inflation surged more than estimated in August, Eurostat said on Tuesday. The PPI rose 2.7% on year, compared to a 1.6% advance in July. Economists had forecast an increase of 2.6%. Month-on-month PPI added 0.9%, faster than a 0.3% rise in the preceding month and above expectations of a 0.6% surge.

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