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US stocks extend gains, dollar rises on tax hopes

Wall Street pushed deeper into record territory and the US dollar climbed cheered by hopes that Republicans are one step closer to passing tax reforms after the Senate adopted a fiscal 2018 budget resolution. The S&P 500 climbed 0.5 per cent to 2,573.90 — led by a 1.2 per cent rally in financials. The Dow […]

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Czech markets optimistic ahead of election despite ‘populist’ surge

Voting has just kicked off in the Czech Republic’s parliamentary election, with Andrej Babiš’ Ano 2011 on track to overtake the social democrats as the country’s largest party. While political commentators have warned that Mr Babiš’ success threatens “the end of liberal democracy“, financial markets appear unconcerned: this week the koruna finally recovered to the […]

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Loonie knocked by weak Canadian retail sales

The Canadian dollar stumbled on Thursday after retail sales unexpectedly fell in August, undermining policymaker’s confidence in the strength of the country’s consumers. Headline retail sales dropped 0.3 per cent in August, confounding expectations for a rise of 0.5 per cent, amid a sharp pullback in supermarket sales and sales at home improvement stores, according […]

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Dollar strength heightens pressure on rand, adding to political worries

The South African rand took a particularly bad hit from the stronger dollar on Friday morning, as political worries following this week’s cabinet reshuffle exacerbated a broader decline in emerging market assets. The currency was 1.5 per cent weaker at publication time, at R13.69 per dollar, and is now down more than 3 per cent […]

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Markets: Dollar picks up on renewed tax cut hopes; Kiwi and sterling stung

What you need to know: Dollar and Treasury yields gain as US Senate passes budget blueprint European stocks open higher on a weaker euro Oil prices see moderate gains Hong Kong stocks recover ground after turbulence on Thursday The US dollar strengthened on Friday as the Senate passed a budget blueprint that will help push […]

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Slippery week for sterling: Pound under pressure on Cunliffe’s latest rate rise doubts

Not a great end to the week for sterling bulls. The currency has started Friday with a 0.4 per cent drop, dragged down by a range of weights including Thursday’s grim retail sales figures, the persistently strained nature of Brexit talks, and now also by dovish comments from the Bank of England’s deputy governor. Sir […]

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Investing in Central & Eastern Europe

Consumer spending growth, competitive wage rates and skilled workforces are attracting foreign finance to a region where political flux is still a concern

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Are you ready for a rate rise?

Britain’s first interest rate rise in more than a decade looks imminent after inflation hit its highest level in five years, and the governor of the Bank of England (BoE) said it had further to climb. Mark Carney warned MPs on Tuesday it was “more likely than not” that prices would increase further in October […]

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Dollar gains as US Senate clears tax-cut hurdle

Friday 03.30 BST What you need to know Dollar gains as US Senate passes budget blueprint New Zealand dollar hits five-month low Oil prices steady Hong Kong stocks recover some ground Overview The US dollar strengthened on Friday as the Senate passed a budget blueprint that will help push forward the Republican party’s planned $1.5tn […]

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Dollar gains after Republicans clear hurdle to $1.5tn tax cut

The dollar was gaining on currencies across the board in Asia Pacific trading after the US Senate passed a budget blueprint that will help push forward the Republican party’s planned $1.5tn tax cut. The Senate passed a budget resolution late on Thursday evening in a 51-49 vote that will protect the planned cuts from a […]

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