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U.S. Dollar Turning In Lackluster Performance

The U.S dollar turned in a relatively lackluster performance during trading on Wednesday as traders weighed upbeat news on the trade front against a disappointing batch of U.S. economic data.Original Article Read More →

UK Service Sector Contracts Most In 8 Months

The UK service sector contracted the most in eight months in November but the pace of decline was slower than initially estimated, survey results from IHS Markit and Chartered Institute of Procurement & Supply showed Wednesday. The final services Purchasing Read More →

UK Construction Sector Contraction Eases In November

The UK construction sector continued to contract in November, albeit at a slower pace, as new work weakened amid domestic political uncertainty, but the overall pace of decline slowed from October, survey data showed Tuesday. The construction Purchasing Managers' Index Read More →

U.S. Weekly Jobless Claims Pull Back Off Five-Month High

A day earlier than usual due to the holiday on Thursday, the Labor Department released a report on Wednesday showing first-time claims for U.S. unemployment benefits fell by more than expected in the week ended November 23rd. The report said Read More →

U.S. Durable Goods Orders Unexpectedly Climb 0.6% In October

After reporting a steep drop in U.S. durable goods orders in the previous month, the Commerce Department released a report on Wednesday showing orders unexpectedly rebounded in the month of October. The Commerce Department said durable goods orders climbed by Read More →

U.S. Economy Grew More Than Initially Estimated In Third Quarter

Revised data released by the Commerce Department on Wednesday showed the U.S. economy grew by more than initially estimated in the third quarter. The Commerce Department said real gross domestic product jumped by 2.1 percent in the third quarter compared Read More →