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UK Inflation Eases More-Than-Expected On Food Prices

UK inflation slowed more-than-expected in September on falling food prices, giving space for the Bank of England to wait-and-watch for the outcome of Brexit negotiations. Consumer price inflation eased to 2.4 percent from 2.7 percent in August, figures from the Office for National Statistics showed Wednesday. The rate was also below the expected 2.6 percent.…

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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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Eurozone Trade Surplus Increases In August

The euro area trade surplus increased in August on higher exports, figures from Eurostat showed Tuesday. The trade surplus rose to a seasonally adjusted EUR 16.6 billion from EUR 12.6 billion in July. Exports increased 2.1 percent month-on-month in August, while imports remained stable. At the same time, on an unadjusted basis, the trade surplus…