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China's factory and services surveys suggest the economy is struggling to rebound

China’s factory and services surveys suggest the economy is struggling to rebound

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China’s official September manufacturing PMI above forecast Private survey shows factory activity has contracted sharply Growth in services sector activity slowed in September – official survey COVID curbs, easing foreign demand, weak real estate weigh BEIJING, Sept 30 (Reuters) – China’s manufacturing activity slowed growth in September, but slowing service sector growth and a pessimistic …

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Fed officials eye markets down, say inflation is priority

Fed officials eye markets down, say inflation is priority

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Join now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 26 (Reuters) – U.S. Federal Reserve officials on Monday put an end to rising volatility in global markets, from falling U.S. stocks to currency turmoil overseas, and said their priority remained control. domestic inflation. “There are interactions there,” said Cleveland Fed President Loretta Mester, …

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Dollar hits two-decade high as Putin shakes up FX market ahead of Fed

Dollar hits two-decade high as Putin shakes up FX market ahead of Fed

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Join now for FREE unlimited access to Reuters.com Register Dollar index hits two-decade high The euro drops to its lowest level in two decades Putin announces partial troop mobilization for Ukraine Markets assess Fed hawkishness in Powell briefing LONDON/NEW YORK, Sept 21 (Reuters) – The dollar hit a new two-decade high on Wednesday just ahead …

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Wall Street tumbles as Fed focuses on Ford forecast and spooks investors

Wall Street tumbles as Fed focuses on Ford forecast and spooks investors

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Join now for FREE unlimited access to Reuters.com Register All eyes on the Fed’s policy decision on Wednesday Ford sees additional $1 billion in inflationary costs, stocks fall Nike slips after Barclays demotion over China lockdown issues Indices down: Dow 1.73%, S&P 1.8%, Nasdaq 1.58% Sep 20 (Reuters) – Wall Street tumbled on Tuesday as …

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Stocks tight, dollar bullish for central bank frenzy

Stocks tight, dollar bullish for central bank frenzy

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Passers-by wearing protective face masks walk past a stock market quotation board in Tokyo, Japan February 24, 2022. REUTERS/Issei Kato Join now for FREE unlimited access to Reuters.com Register https://tmsnrt.rs/2zpUAr4 S&P 500 futures slide, Nikkei futures fall Fed tops central bank meetings Market tilts towards 75 bps from Fed, PBOC eases Dollar firm near multi-year …

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Frugal is the new trend for young Chinese as the economy falters

Frugal is the new trend for young Chinese as the economy falters

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BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: a new car, a bigger apartment, fine dining on weekends and vacations on tropical islands. Instead, the 39-year-old marketing consultant from Shanghai is one of many Chinese in their 20s and 30s cutting spending and saving …

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European stocks set to suffer weekly loss as global economic outlook deteriorates

European stocks set to suffer weekly loss as global economic outlook deteriorates

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Join now for FREE unlimited access to Reuters.com Register LONDON, Sept 16 (Reuters) – European stocks fell on Friday and Wall Street was expected to open lower as investors braced for a U.S. rate hike next week amid new warning signs of a global economic slowdown. The World Bank’s chief economist said on Thursday he …

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Stubbornly high rents and food prices boost US inflation in August

Stubbornly high rents and food prices boost US inflation in August

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The consumer price index increases by 0.1% in August Rents, food and health care explain the rise in the CPI Core CPI jumped 0.6%; increased 6.3% year-over-year WASHINGTON, Sept 13 (Reuters) – U.S. consumer prices rose unexpectedly in August and core inflation accelerated amid rising rent and health care costs, giving the Federal Reserve ammunition …

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