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Japan Industrial Production Data Due On Monday

Japan will on Monday release final August numbers for industrial production, highlighting a light day for Asia-Pacific economic activity. Little change is expected from the previous reading for a 0.6 percent monthly gain and a 0.7 percent yearly increase in output – while capacity utilization was down 0.6 percent on month. New Zealand will see…

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Romania's Industrial Production Advances In August

Romania’s industrial production increased in August, albeit at a slower pace, figures from the National Institute of Statistics showed Friday. Industrial production advanced a seasonally and working-day adjusted 3.9 percent year-on-year in August, after a 4.0 percent increase in July. On a month-on-month basis, industrial production advanced 0.4 percent, following a 3 percent fall in…

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Oil Modestly Higher After Two Days Of Heavy Losses

Oil prices rose on Friday, although overall gains remained modest on worries over rising inventories after the IEA, the IMF and OPEC all cut their forecasts of oil demand growth. Prices found support from figures showing that China’s daily crude imports in September hit their highest since May. Global benchmark Brent crude rose 38 cents…

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Japan Tertiary Activity Recovers In August

Japan’s tertiary industry activity recovered in August, the Ministry of Economy, Trade and Industry showed Friday. Tertiary industry activity gained 0.5 percent month-on-month in August, in contrast to a 0.1 percent drop in July. Economists had forecast a 0.3 percent rise. Data showed that broad-ranging personal services advanced 0.9 percent, while broad-ranging business services dropped…

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Eurozone Industrial Output Growth Tops Expectations

Eurozone industrial production grew more-than-expected in August, data from Eurostat revealed Friday. Industrial production climbed 1 percent on a monthly basis, reversing 0.7 percent drop each in June and July. Output was expected to rise moderately by 0.4 percent. The increase was driven by a 3.1 percent rise in non-durable consumer goods output and 1.3…

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Euro Little Changed After Eurozone Industrial Production

At 5.00 am ET Friday, Eurostat has released industrial output figures for August. After the data, the euro changed little against its major rivals. The euro was trading at 130.07 against the yen, 1.1476 against the franc, 0.8764 against the pound and 1.1586 against the greenback around 5:02 am ET. The material has been provided…

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Gold Prices Rise As Risk Appetite Wanes

Gold prices rose on Thursday as global growth concerns triggered a heavy sell-off in global equity markets. Spot gold rose 1.2 percent to $1,203.11 an ounce while U.S. gold futures added 1.1 percent at $1,206.60 an ounce. U.S. stocks tumbled the most in eight months on Wednesday as investors fretted about the impact of the…