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Malta Industrial Production Rebounds In August

Malta’s industrial production increased in August after declining in the previous month, preliminary data from the National Statistics Office showed on Tuesday. The industrial production index rose a working-day adjusted 1.5 percent year-on-year, partially reversing a 6.1 percent slump in July. The pace of growth was the weakest since January. Capital goods output increased 4.6…

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Croatia Jan-Aug Trade Deficit Widens

Croatia’s trade deficit for the January to August period, widened from a year ago, preliminary figures from the Croatian Bureau of Statistics showed on Tuesday. The trade deficit widened to 46.37 billion kuna from 41.48 billion kuna a year ago. Exports grew 3.9 percent year-on-year and imports rose 6.9 percent. For the month of July,…

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Euro Slides Against Majors

The euro drifted lower against its major counterparts in the European session on Tuesday, as Italian bond yields spiked higher despite reassuring comments from Economy Minister Giovanni Tria over the government’s budget plans. In his Parliamentary address, Tria said he would have a “constructive dialogue” with the EU over the 2019 budget. He also added…

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IMF Slashes Global Growth Forecast As Trade War Intensifies

The International Monetary Fund slashed the global growth forecast for this year and next on Tuesday, citing an increase in the likelihood of further negative shocks, such as a full-blown trade war. In its latest World Economic Outlook, released in Bali, Indonesia, the Washington-based lender forecast 3.7 percent growth for the world economy for this…

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Loonie Little Changed Following Canada Housing Starts

At 8:15 am ET Tuesday, Canada housing starts data for September has been released. Following the data, the loonie changed little against its major rivals. The loonie was trading 87.07 against the yen, 0.9173 against the aussie, 1.4864 against the euro and 1.3000 against the greenback around 8:17 am ET. The material has been provided…

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Denmark Exports Fall Again

Denmark’s merchandise exports declined further in August, while imports grew, figures from Statistics Denmark showed on Tuesday. Exports excluding ships, aircraft and fuel, dropped 1.9 percent year-on-year following a 1.8 percent fall in July. Imports rose 1 percent after a 1.1 percent decrease in the previous month. The trade surplus excluding ships, aircraft and fuel…