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Russia Services Growth At 11-Month High

Russia’s services sector expanded the most in nearly a year during October, boosted by solid growth in both output and new business, survey data from IHS Markit showed on Tuesday. The services Purchasing Managers Index climbed to 56.9 from 54.7 in September. Economists had forecast a reading of 54.5. A PMI score above 50 suggests…

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FTSE Drifts Lower

The U.K.’s FTSE 100 index is drifting lower on Tuesday with nearly two third of its components losing ground amid uncertainty about near term growth outlook for global economy due to trade related issues. Also, with some key economic and political events scheduled for the week, investors appear a bit reluctant to make significant moves.…

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Eurozone Producer Price Inflation Accelerates For Fifth Month

Eurozone’s producer price inflation accelerated for a fifth straight month in September, preliminary data from Eurostat showed on Tuesday. Producer prices grew 4.5 percent year-on-year following a 4.3 percent increase in August, which was revised from 4.2 percent. Economists had forecast a 4.3 percent rise. Energy sector registered a 12.7 percent increase in producer prices,…

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Euro Higher Despite Weak Eurozone PMI

The euro was higher against its major counterparts in the European session on Tuesday, despite the release of a data showing a slowdown in Eurozone business activity to more than a two-year low in October. Survey data from IHS Markit showed that Eurozone’s private sector expanded at the weakest pace in over two years in…

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Euro Weakens Against Some Majors

The euro declined against some of its major counterparts in early European deals on Monday. The euro dropped to 1.1378 against the greenback and 128.77 against the yen, from its early highs of 1.1400 and 129.13, respectively. Reversing from its early highs of 1.5853 against the aussie and 1.7172 against the kiwi, the euro edged…

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Pound Mixed Ahead Of U.K. Services PMI

At 4.30 am ET Monday, UK CIPS/Markit services PMI is due. The index is forecast to drop to 53.4 in October from 53.9 in September. Ahead of the data, the pound traded mixed against its major rivals. While the pound retreated against the greenback, it held steady against the yen, the franc and the euro.…