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US futures advance with Europe stocks; oil gains

Bloomberg US equity futures advanced with European stocks on Wednesday after signs emerged that China may be planning further measures to support its economy reeling from a virus-induced slowdown. The yen weakened. Contracts on the three main US stock gauges pointed to a positive start on Wall Street after Bloomberg reported that China’s latest moves to aid growth include possible ...

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India’s Sensex rises as investors assess economic outlook

Bloomberg India’s stock benchmark rose, rebounding from its lowest close in more than two weeks, as investors assessed the extent that the coronavirus outbreak may affect the economic outlook. The S&P BSE Sensex Index climbed for the first day in five, adding 1.1% to close at 41,323 in Mumbai. The NSE Nifty 50 Index posted the same gain. India’s government ...

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Pound climbs after inflation tempers risk of BOE rate cut

Bloomberg The pound rose after inflation accelerated, fuelling expectation that the Bank of England (BOE) will hold off lowering interest rates for the foreseeable future. Sterling cemented its position above $1.30, snapping two days of declines versus the dollar after annual inflation picked up for the first time in six months. The currency has also been given a boost by ...

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