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Denmark Industrial Production Rises In October

Denmark’s industrial production rose in October, after decreasing in September, data from Statistics Denmark showed Friday. Industrial production rose 1.0 percent month-on-month in October following a 0.4 percent slump in September. In August, output rose 0.4 percent. Intermediate goods production grew 4.0 percent in October, whereas the investment goods industry output declined by 2.8 percent.…

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U.S. Employment Climbs Much Less Than Expected In November

After reporting strong job growth in the previous month, the Labor Department released a report Friday morning showing employment in the U.S. increased by much less than expected in the month of November. The report said non-farm payroll employment rose by 155,000 jobs in November after surging up by a downwardly revised 237,000 jobs in…

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Norway Manufacturing Output Rebounds In October

Norway’s manufacturing output increased in October, after a slump in the previous month, figures from the Statistics Norway showed on Friday. Manufacturing output grew 1.7 percent month-on-month following a 0.7 percent decline in September. The overall industrial output rose 2.3 percent in October after a 2 percent decline. Production of food, beverage and tobacco registered…

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Estonia Inflation Slows In November

Estonia’s consumer price inflation eased in the month of November for the first time in four months, data from Statistics Estonia showed on Friday. Inflation fell to 3.4 percent in November from 4.4 percent in October, which was the highest since early 2012. In September, inflation was 3.7 percent. The consumer price index was mostly…

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U.S. Job Growth Falls Well Short Of Estimates In November

After reporting strong job growth in the previous month, the Labor Department released a report Friday morning showing employment in the U.S. increased by much less than expected in the month of November. The report said non-farm payroll employment rose by 155,000 jobs in November after surging up by a downwardly revised 237,000 jobs in…

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Treasuries Show Notable Rebound From Early Weakness

After coming under pressure early in the session, treasuries showed a notable turnaround over the course of the trading session on Friday. Bond prices climbed well off their worst levels of the day and into positive territory. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell by 2.6 basis…

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U.S. Consumer Credit Spikes More Than Expected In October

A report released by the Federal Reserve on Friday showed a substantial increase in U.S. consumer credit in the month of October. The report said consumer credit spiked by $25.4 billion in October after climbing by an upwardly revised $11.6 billion in September. Economists had expected consumer credit to jump by $17.0 billion compared to…

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Dollar Mixed Ahead Of U.S. Jobs Data

At 8:30 am ET Friday, the Labor Department will release U.S. nonfarm payrolls data for November. Ahead of the data, the greenback traded mixed against its major counterparts. While the greenback eased against the pound, it recovered from its early lows against the rest of major rivals. The greenback was worth 112.88 against the yen,…