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Hong Kong Unemployment Rate Steady At 20-year Low

Hong Kong’s unemployment rate was unchanged for a fifth straight month in September at its lowest level for two decades, preliminary data from the Census and Statistics Department showed on Friday. The seasonally adjusted jobless rate was 2.8 percent in the three months to September, in line with economists’ expectations. The rate has been at…

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Euro Weakens After EC Warns Italy Over Budget Plan

The euro declined against its major counterparts in the early European session on Friday, after the European Commission said Italy’s 2019 budget draft is in serious breach of EU budget rules. In a letter to the Italian government, Commissioners Valdis Dombrovskis and Pierre Moscovici wrote that the government’s budget plans represent “an obvious significant deviation”…

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Eurozone Current Account Surplus Rises In August

Euro area current account surplus increased in August from the previous month, preliminary data from the European Central Bank showed on Friday. The current account surplus rose to EUR 24 billion from EUR 19 billion in July. A year ago, the surplus was EUR 39 billion. The visible trade surplus increased to EUR 22 billion…

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Dutch Consumer Confidence Weakens For Third Month

Dutch consumer confidence eroded for a third straight month in October, as households’ economic expectations weakened, leading to a diminished willingness to buy, survey data from the Central Bureau of Statistics showed on Friday. The consumer confidence index declined to 15 from 19 in September. However, the score was well above the average of -3…

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Belgium Consumer Confidence At 6-month High

Belgium’s consumer confidence advanced to a six-month high in October after deteriorating for the past two months, survey data from the National Bank of Belgium showed Friday. The consumer confidence index rose to 1 in October, after a flat reading in September. In August, the reading was -3. The latest reading was the highest since…

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Loonie Weakens After Disappointing Canada Inflation, Retail Sales Data

The Canadian dollar declined against its major counterparts in the European session on Friday, following the release of reports showing unexpected decline in nation’s retail sales for August and consumer inflation for September. Data from Statistics Canada showed that consumer inflation deteriorated 0.1 percent on a seasonally adjusted monthly basis in September following a 0.1…