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U.S. Housing Starts Pull Back More Than Expected In September

After reporting a substantial increase in new residential construction in the previous month, the Commerce Department released a report on Wednesday showing a bigger than expected pullback in U.S. housing starts in the month of September. The Commerce Department said housing starts tumbled by 5.3 percent to an annual rate of 1.201 million in September…

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Slovakia HICP Inflation Slows In September

Slovakia’s EU measure of inflation slowed in September, data from the Statistical Office of the Slovak Republic showed Wednesday. The harmonized index of consumer prices, or HICP, grew 2.7 percent annually in September, after rising 2.9 percent in August. The agency reported earlier that the overall consumer price inflation eased to 2.7 percent from 2.8…

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U.S. Dollar Higher Ahead Of Fed Minutes

The U.S. dollar firmed against its most major counterparts in the European session on Wednesday, as investors look forward to the release of the Federal Reserve’s minutes from its September meeting, at which the central bank hiked interest rates for the third time this year. The minutes, due from the September 25-26 meeting, are set…

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South Africa's Retail Sales Growth At 3-Month High

South Africa’s retail sales grew at the fastest pace in three months in August, Statistics South Africa reported Wednesday. Retail sales climbed 2.5 percent year-on-year, following July’s 1.4 percent rise. This was the fastest annual growth in three months and came in contrast to the expected fall of 0.1 percent. The biggest annual growth was…

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Gold Prices Edge Lower After Wall Street Rally

Gold prices drifted lower on Wednesday after U.S. stocks posted their biggest gain in six months overnight following strong earnings from major financial and health care companies as well as encouraging reports on the U.S. economy. Spot gold fell 0.11 percent to $1,225.90 after hitting a 2-1/2-month high of $1,233.26 per ounce earlier this week.…

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Oil Falls After Three Days Of Gains

Oil prices fell modestly on Wednesday as U.S.-Saudi tensions eased and investors shifted their focus to inventory data from the U.S. Energy Information Administration, due later in the day. Global benchmark Brent crude was down 42 cents or 0.51 percent at $81.14 a barrel after rising in the previous three sessions. U.S. light crude oil…