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Oil Futures Pare Some Gains, But Extends Winning Streak

Crude oil futures settled higher on Monday, extending gains to a sixth successive session on reports Saudi Arabia is set to significantly reduce crude exports by the end of this month. According to reports, Saudi Arabia is likely to cut crude exports by 800,000 barrels per day from November levels, to 7.1 million barrels a…

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Treasuries Come Under Pressure After Seeing Initial Strength

After failing to sustain an initial move to the upside, treasuries came under pressure over the course of the trading session on Monday. Bond prices pulled back well off their early highs and firmly into negative territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 2.3 basis…

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Dollar Mixed As Investors Turn Cautious

The dollar is turning in a mixed performance against its major rivals Monday afternoon. The buck is down against its major European rivals, but has turned positive against the Japanese Yen. On a light day for U.S. economic data, trader are keeping a close eye on the high-level trade talks between the U.S. and China…

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Gold Futures Settle Modestly Higher

Gold futures ended modestly higher on Monday as the dollar weakened against most major currencies amid speculation the U.S. Federal Reserve would pause interest rate hikes sometime soon. Data showing a slower than expected pace of growth in the U.S. services sector also contributed to the dollar’s weakness. The dollar index dropped to 95.21, losing…

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German Factory Orders Fall, Retail Sales Rise

Germany’s manufacturing new orders decreased for the first time in four months in November and the fall was worst than expected, while retail sales grew at the fastest pace in seven months. Factory orders decreased a calendar and seasonally adjusted 1 percent from October, when they grew 0.2 percent, revised from 0.3 percent reported earlier,…

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UK New Car Sales Fall For Second Year: SMMT

UK new car registrations decreased for a second year running in 2018, amid falling consumer confidence, political uncertainty and regulatory changes. New car registrations decreased 6.8 percent to 2.37 million units, figures from the Society of Motor Manufacturers and Traders, or SMMT, showed on Monday. Sales fell 5.5 percent in December. The fleet sector logged…