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Exports boost Japan’s economy growth

  Bloomberg Japan’s economy grew more than forecast in the three months through September, as a rebound in exports compensated for continued weak spending at home by people and companies. Gross domestic product expanded by an annualized 2.2 percent, according to data released by the Cabinet Office on Monday (median estimate of economists +0.8 percent). Private consumption rose 0.1 percent ...

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Egypt, Saudi hit by profit-taking

  Reuters Profit-taking hit stocks in Egypt and Saudi Arabia on Monday following strong rallies in both markets, while general weakness in emerging markets dragged down the United Arab Emirates and Qatar. Cairo’s blue chip index, which had soared 28.1 percent since the Egyptian pound was floated on Nov. 3, fell 2.0 percent ending 12 consecutive sessions of gains. The ...

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European stocks, dollar rally tracking Trump

  London / AFP European stock markets rallied on Monday and the dollar surged to multi-month highs, with traders shrugging off concerns over the Trump presidency and weak Chinese economic data. In foreign exchange, the euro struck a ten-month low at $1.0728, while the dollar reached also a five-month peak versus the yen. “European shares are trading higher… despite disappointing ...

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