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European stocks were little changed as better-than-estimated U.S. retail sales data offset investor speculation that this year’s rally has overshot the outlook for company earnings.
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The pound rose the most in almost two weeks against the dollar amid speculation that the Bank of England will refrain from increasing its monetary stimulus at the end of a two-day policy meeting tomorrow.
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Brent crude futures fell for a third session as U.S. inventories increased. Iraq resumed oil exports via Turkey today after a halt caused by sabotage to a pipeline.
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Brent crude fell for a second day after OPEC’s production increased to a five-month high and an industry group said U.S. stockpiles climbed for the first time in three weeks.
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The euro region would be able to survive Cyprus leaving the bloc as members need to ensure rules are adhered to, the head of Finland’s highest parliamentary committee said.
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West Texas Intermediate crude advanced to the highest in more than a week amid speculation that the European Central Bank will cut its key interest rate to a record low next week.
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West Texas Intermediate oil fell for a second day on signs of economic slowdown in the U.S. and China and after an industry group said U.S. stockpiles climbed for the first time in three weeks.
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U.K. government bonds fell, with 10- year gilts dropping for an eighth day, as a government report showed inflation stayed at the fastest since May, weakening the case for more central bank asset purchases.
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U.K. stocks advanced, posting the biggest three-day rally since early January, as a report showed Chinese imports increased more than forecast and as U.S. equities surged to a record.
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The yen’s strength after the U.S said it would press Japan to refrain from competitive devaluation will prove to be fleeting, trading patterns show.