1) U.S. stocks opened sharply higher on Tuesday after weak economic data out of China bolstered hopes of more stimulus measures from the Chinese government. China's imports shrank far more than expected in August, falling for the 10th straight month. Imports fell 13.8 percent from a year earlier, more than the 8.2 percent drop economists had expected.

2) The dollar slipped lower against the other major currencies in subdued trade on Tuesday, amid mounting uncertainty over whether or not the Federal Reserve will raise interest rates at its meeting this month. The dollar was lower against the euro, with EUR/USD up 0.18% at 1.1190.

3) Gross domestic product in the euro zone rose more-than-expected in the last quarter, official data showed on Tuesday. In a report, Eurostat said that GDP rose to a seasonally adjusted 0.4%, from 0.5% in the preceding quarter whose figure was revised up from 0.3%. Analysts had expected GDP to rise 0.3% in the last quarter.

4) Crude oil futures were mixed in choppy trade on Tuesday, as a refinery closure weighed on West Texas Intermediate prices while Brent futures rallied, tracking strong gains in global equity markets.

5) U.S. small business confidence rose modestly in August, suggesting the economy continued to grow at a steady clip halfway through the third quarter. The National Federation of Independent Business said on Tuesday its Small Business Optimism Index gained half a point to 95.9 last month.

 

 

 

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1. U.S Stock Markets are closed due to "Labor Day".

2. German industrial output rose in July at its fastest pace so far this year, data from the Economy Ministry showed on Monday, suggesting Europe's largest economy powered ahead at the beginning of the third quarter. Factories produced 0.7 percent more goods than in the previous month, the ministry said. That was the strongest increase since December, but it missed the Reuters consensus forecast for a 1.0-percent rise.

3. Crude oil futures declined on Monday, as ongoing concerns over the health of the global economy underlined worries over a global supply glut. Trade volumes were expected to remain light on Monday, with U.S. markets closed for the Labor Day holiday.

4. Mining and trading company Glencore (LONDON:GLEN) acknowledged on Monday the severity of the global commodity market slump as it suspended dividends and said it would sell assets and new shares to cut heavy debts built up through years of rapid expansion.

5. The U.S. dollar was almost unchanged against its Canadian counterpart on Monday, as trading volumes were expected to remain thin with markets closed in the U.S. and in Canada for the Labor Day holiday.

 

 

 

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1. LONDON - Oil prices fell on Friday, pushing benchmark North Sea Brent crude down towards $50 a barrel, after a cut in European growth forecasts heightened worries over the outlook for demand at a time of huge oversupply.

2. U.S. stocks opened lower on Friday after the August jobs report showed moderate job growth and the lowest unemployment rate in more than seven years, increasing chances the Fed could raise interest rates sooner rather than later.

3. U.S. employers added 173,000 jobs in August, less than widely expected, but the unemployment rate still edged down to 5.1 percent, its lowest level since April 2008, the Labor Department said Friday. Meanwhile, wage growth - which has been stagnant for years -- edged up slightly more than anticipated to 2.2 percent.

4. The dollar turned moderately higher against against the other major currencies on Friday, after data showed that U.S. nonfarm payrolls rose less than expected last month, while the unemployment rate fell more than initially anticipated.

5. Average hourly earnings in the U.S. rose unexpectedly last month, official data showed on Friday. In a report, U.S. Bureau of Labor Statistics, Department of Labor said that Average hourly earnings in the U.S. rose to a seasonally adjusted 0.3%, from 0.2% in the preceding month. Analysts had expected Average hourly earnings to remain unchanged at 0.2% last month.

 

 

 

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1. Wall Street opened higher on Thursday as data pointed to a strengthening U.S. economy and the European Central Bank indicated it could prolong its stimulus program.

2. U.S. stocks opened higher Thursday, with the Dow Jones Industrial Average gaining 100 points after the European Central Bank (ECB) kept benchmark interest rates unchanged, hovering at historic lows. Investors also weighed jobless claims data ahead of the all-important employment report for August, due out Friday.

3. Service sector activity in the U.S. grew at a faster rate than expected in August to hold near a ten-year peak, boosting optimism over the health of the economy and supporting the case for a rate hike later this month, industry data showed on Thursday.

4. FOREX - The euro was sharply lower against the dollar on Thursday after the European Central Bank indicated that it could expand its quantitative easing program amid increased downside risks to its inflation outlook.

5. NEW YORK - U.S. services sector growth edged ahead during August from July to its highest level since May, signaling the United States was on track for solid third-quarter expansion, an industry report showed on Thursday.

 

 

 

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1. U.S. stocks rose more than 1 percent in early trading on Wednesday, rebounding from steep losses a day earlier, after fresh intervention from China to support its markets helped ease a global equities selloff.

2. U.S. private employers maintained a solid pace of hiring in August despite recent global financial market turmoil, suggesting that labor market momentum likely remains strong enough for the Federal Reserve to consider an interest rate hike this year.

3. New orders for U.S. factory goods rose for a second straight month in July on strong demand for automobiles, which could help to keep manufacturing supported as it deals with a strong dollar and softening global demand.

4. Oil prices fell on Wednesday as concerns about the global economy exacerbated worries that an oversupply of crude could last longer than expected.

5. The dollar remained higher against the other major currencies on Wednesday, even after data showed that U.S. non-farm private employment rose less than expected in August ans as concerns over the global economic outlook persisted.

6. U.S. factory orders rose less than expected in July, dampening optimism over the health of the economy, official data showed on Wednesday. In a report, the U.S. Census Bureau said factory orders increased by a seasonally adjusted 0.4% in July, missing forecasts for a gain of 0.9%.

 

 

 

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