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Mainland Norway Growth Slows In Q3

Mainland Norway’s growth slowed in the third quarter as there was a marked decline in agricultural output due to a drought in the summer, Statistics Norway said Tuesday. Gross domestic product, excluding the largely petroleum-based offshore sector, grew by 0.3 percent in the third quarter after a 0.7 percent expansion in the three months to…

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UK Jobless Rate, Pay Growth Climb

Britain’s unemployment increased and the net pay growth was the fastest in nearly a decade during the three months to September, preliminary data from the Office for National Statistics showed on Tuesday. The UK unemployment rate rose slightly in the three months to September to 4.1 percent. In the past two months, the ILO jobless…

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Canadian Dollar Weakens On Falling Oil Prices

The Canadian dollar dropped against its key counterparts in the European session on Tuesday, as oil prices declined after U.S. President Donald Trump criticized OPEC for output cuts to prop up oil prices. Crude for December delivery dropped $1.22 to $58.71 a barrel. In a Twitter post on Monday, Trump blamed Saudi’s plan to slash…

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France Non-farm Employment Growth Improves In Q3

France’s non-farm employment grew at a faster rate in the third quarter than in the previous three months, preliminary estimates from the statistical office INSEE showed on Tuesday. Private payroll employment rose 0.2 percent from the second quarter, when it rose 0.1 percent. In terms of net job creation, the increase was 30,200 jobs versus…

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Pound Little Changed After U.K. Labor Data

Following the release of U.K. labor data at 4:30 am ET Tuesday, the pound changed little against its major rivals. The pound was trading at 147.27 against the yen, 1.3044 against the franc, 0.8709 against the euro and 1.2903 against the greenback around 4:33 am ET. The material has been provided by InstaForex Company –…

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Gold Hovers Near One-month Low As Dollar Gains

Gold prices were slightly lower on Tuesday as the dollar held near a 16-month high versus a basket of peers amid political uncertainties in Europe. Spot gold dropped 0.27 percent to $1,198.07, while U.S. gold futures were down 0.27 percent at $1,198.10 per ounce. Today is the deadline for Italy to submit a revised 2019…