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U.S. Economic Growth Slows Less Than Expected In Q3

Economic growth in the U.S. slowed in the third quarter, according to a report released by the Commerce Department on Friday, although the pace of growth still exceeded economist estimates. The Commerce Department said real gross domestic product advanced by 3.5 percent in the third quarter after surging up by 4.2 percent in the second…

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German Consumer Sentiment To Remain Unchanged

Germany’s consumer confidence is set to remain stable in November, despite Brexit and trade disputes weighing on economic and income expectations. The forward-looking consumer sentiment index came in at 10.6 in November, the same as seen in October, survey data from the market research group GfK showed Friday. The score was forecast to drop to…

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Malaysia's Consumer Inflation Rises Less Than Forecast

Malaysia’s consumer inflation accelerated less-than-forecast in September, primarily driven by the effect of fuel prices that remained unchanged from March to September, figures from the Department of Statistics showed Friday. Consumer prices rose 0.3 percent year-on-year, which half of the 0.6 percent increase economists had forecast. In August, inflation was at a 42-month low of…

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U.S. Gross Domestic Product Climbs More Than Expected In Q3

Economic growth in the U.S. slowed in the third quarter, according to a report released by the Commerce Department on Friday, although the pace of growth still exceeded economist estimates. The Commerce Department said real gross domestic product advanced by 3.5 percent in the third quarter after surging up by 4.2 percent in the second…

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S&P Affirms Italy Credit Rating, Cuts Outlook To Negative

Rating agency Standard & Poor’s on Friday maintained credit ratings for Italy but downgraded its outlook to negative from stable. The agency left the debt rating at BBB, two notches above “junk” status. “The Italian government’s economic and fiscal policy settings are weighing on the country’s economic growth prospects, a critical driver of government debt-to-GDP…

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Dollar Mixed Following U.S. GDP Data

At 8:30 am ET Friday, U.S. advanced GDP data for the third quarter has been released. Following the data, the greenback traded mixed against its major counterparts. While the greenback rose against the yen, it changed little against the rest of major counterparts. The greenback was trading at 112.13 against the yen, 1.0021 against the…

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China's Industrial Profits Rise At Slower Pace

China’s industrial profits increased at a much slower pace in September, the National Bureau of Statistics reported Saturday. Industrial profits rose 4.1 percent year-on-year in September, which was much lesser than the 9.2 percent increase seen in August. During the first nine months of year, industrial profits advanced 14.7 percent after rising 16.2 percent during…

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Oil Futures End Modestly Higher, But Post 3rd Weekly Loss

Crude oil prices rebounded after early weakness and settled modestly higher on Friday, but still posted a third weekly loss amid speculation the market could well be heading into oversupply in the fourth quarter. Despite the upcoming sanctions on Iranian oil, supply may not be hit as Saudi Arabia has assured that it would strive…

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Treasuries Move Notably Higher Amid Pullback On Wall Street

Following the modest pullback seen in the previous session, treasuries showed a strong move back to the upside during trading on Friday. Bond prices moved notably higher early in the day and remained firmly positive throughout the session. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, slid…