Poor PMIs wipe week's gains off global shares

LONDON (Reuters) – Global shares erased this week’s gains on Thursday after weak manufacturing surveys from Asia and Europe stoked fears of a widespread slowdown in growth, adding to profit-taking ahead of the long Easter weekend. French and German surveys of purchasing managers in the manufacturing sector for April showed activity continuing to contract, hitting European stocks in early trade. […]

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Oil rises on tightening supplies; ample U.S. output caps gains

TOKYO/SYDNEY (Reuters) – Oil prices edged higher on Thursday, supported by ongoing OPEC-led supply cuts and a surprise fall in U.S. crude inventories, although gains were capped by strong U.S. production. Brent crude futures were at $71.71 a barrel at 0500 GMT, up 9 cents, or 0.1 percent, from their last close and not far off Wednesday’s five-month high of […]

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Dollar gains after report of dovish ECB members

NEW YORK (Reuters) – The euro fell against the dollar on Tuesday after reports that a “significant minority” of European Central Bank policymakers think the bank’s economic projections are too optimistic, while the Australian dollar weakened on dovish central bank comments. Several ECB policymakers said the bank’s economic projections are too rosy as weak growth in China and trade tensions […]

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Major currencies tread water ahead of euro zone, China data

TOKYO (Reuters) – Major currencies remained confined to well-trodden ranges on Tuesday, as markets look next to European and Chinese data for more evidence that the worst may be over for the global economy. The yen remained close to 2019 lows against the U.S. and Australian dollars after investors reduced exposure to the safe-haven currency to seek higher yields elsewhere. […]

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Asian shares supported by global growth hopes, eyes on earnings

SYDNEY (Reuters) – Asian shares started on a firm footing on Monday and the dollar eased as risk appetite was whetted by better-than-expected data from China that helped boost confidence about the health of the world economy. MSCI’s broadest index of Asia-Pacific shares outside Japan climbed 0.1 percent with South Korea’s KOSPI up 0.5 percent. Australian shares slightly weaker. Japan’s […]

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Asian shares dip on caution over global growth, U.S. earnings

SHANGHAI (Reuters) – Asian shares turned lower on Friday as trepidation ahead of the start of the U.S. corporate earnings season and underlying anxiety over the global growth outlook eclipsed some reassuring U.S. economic data. MSCI’s broadest index of Asia-Pacific shares outside Japan was last down 0.1 percent, having see-sawed within a tight range throughout the morning session Despite broad […]

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Chill in global economy prompts G20 call for trade truce

The risk that global economic growth could slow more than expected spurred a call on Friday from top finance officials for countries to overcome trade differences and opt for multilateral co-operation and "timely policy action". Policy makers from the Group of 20 industrialised countries are worried that the weakness evident in key economies could spread, especially if elevated trade tensions, such […]

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Asian shares dip amid caution on global growth, U.S. earnings

SHANGHAI (Reuters) – Asian shares weakened on Friday as trepidation ahead of the start of the U.S. corporate earnings season and underlying anxiety over the global growth outlook eclipsed some reassuring U.S. economic data. Shares in Europe are expected to open fractionally higher, with pan-region Euro Stoxx 50 futures up 0.03 percent at 3,366 in early European trades. German DAX […]

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Oil scores best run in three years as dollar, stocks tread water

LONDON (Reuters) – Signs of a stabilisation in China’s giant economy and a soggy dollar helped oil markets cement their best run for more than three years on Friday, though stocks weren’t buoyed much after spending most of the week treading water. There was a late flurry of activity, mostly from emerging markets. China’s data showing exports rebounded nicely last […]

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Euro lifted to 2-1/2-week high by speculative flows linked to cross-border deal

TOKYO (Reuters) – The euro rose to a 2-1/2-week high on Friday, as dealers said speculators anticipated increased demand for the common currency arising from a Japanese bank’s plans to purchase the multi-billion dollar aviation finance business from a German bank. The euro rose 0.35 percent to $1.1289 after touching $1.1294, its highest since March 26. The common currency also […]

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