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China Cuts Reserve Requirement Ratio To Spur Liquidity

China's central bank reduced the amount of cash that banks should set aside as reserves to spur liquidity ahead of the Spring Festival. The People's Bank of China on Wednesday lowered the reserve requirement ratio, or RRR, by 50 basis Read More →

Eurozone Manufacturing Downturn Deepens In December

The euro area manufacturing sector continued to contract in December with weakness spread across most of the member countries, final data from IHS Markit showed Thursday. The manufacturing Purchasing Managers' Index fell to 46.3 in December from 46.9 in November. Read More →

UK Manufacturing Sector Shrinks On Weak Output, Orders

The downturn in the UK manufacturing sector deepened in December as production decreased the most since July 2012 in response to falling orders from both domestic and foreign markets. The IHS Markit/Chartered Institute of Procurement & Supply factory Purchasing Managers' Read More →

German Employment At Record High In 2019

Germany's employment reached a record high in 2019 driven by higher labor force participation and the immigration of foreign workers, official data showed Thursday. The number of persons in employment increased 0.9 percent in 2019, which was a smaller Read More →

U.S. Weekly Jobless Claims Unexpectedly Edge Down To 222,000

First-time claims for U.S. unemployment benefits unexpectedly edged slightly lower from an upwardly revised level in the week ended December 28th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims slipped to Read More →

Dollar Rebounds From Six-month Lows, Gains Against Peers

The U.S. dollar turned in a fine performance against its peers on Thursday, rebounding smartly from six-month lows touched on the final session of 2019.Original Article Read More →

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