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US Jobless Claims Bounce During Holiday Week
30According to the US Labor Department, US jobless claims unexpectedly rose in the week ending November 26th. Figures showed that weekly unemployment claims rose by 6,000 to 402,000 for the
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Canada Growth Skyrockets on Export Resurgence
30A reversal in net exports helped to propel the Canadian economy to an accelerated pace of growth in the third quarter of this year. According to Statistics Canada, expansion in
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What’s Happening With Currencies – November 30, 2011
30Central bank coordination has boosted speculation in the markets, supporting higher valuations int he Euro and Australian dollar against the US dollar. The news has also boosted commodity markets and
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Output Slips In South Korea, Won Weakens
30Industrial production rose at a slowed pace in the month of October, reflecting a slowdown in the country’s number one sector – exports. According to Statistics Korea, the pace of
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Central Banks Coordinate Against Euro Crisis
30Global central bankers surprised the markets this morning – announcing that a coordinated effort will be made by six banks in order to help stem the financial strain from the
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Italy Auction Falls Short, Record Yields
30Italy’s government bond auction fell below forecasts earlier today, adding to the Euro’s woes. Offering a maximum 8 billion euros in a mixture of maturities, the auction was only able
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US Consumer Confidence Soars
30According to the latest Conference Board survey findings, US consumers are widely optimistic of the world’s largest economy’s near term future. In the month of November, confidence rose by the
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What’s Happening With Currencies – November 29, 2011
30Risk sentiment has returned, helping major currencies to gain for the second straight day against the greenback. Although there may still be some lingering effects from yesterday’s Black Friday’s results,
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Swedish Economy Jumps On Export Rise
30Surprising analysts, Statistics Sweden revealed that the Swedish economy roared past its industrialized competitors in the third quarter. Gaining by 1.6% in the quarter over quarter measure, the Nordic economy
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UK Housing Supported Despite Economic Woes
30With a slowing economy, market analysts were a bit caught off guard when UK mortgage lender Nationwide announced that housing prices had remained relatively stable in the month of November.
