Financial News

America's Roundup: Dollar bounces, but set for biggest weekly drop since Feb, Dow closes up; S&P 500, Nasdaq lose ground, Gold falls over 1 pct , Oil prices end week up in volatile trade ahead of OPEC meeting-September 22nd, 2018

Market Roundup

• May challenges EU as Brexit talks hit "impasse", sterling tumbles .

• US ‘very close’ to proceeding with Mexico-only trade deal-Trump adviser.

• White House optimistic on China trade; no date for more talks.

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U.S. service sector output grows at subdued rate in September

U.S. service sector output expands at a subdued rate in September. The seasonally adjusted IHS Markit flash Services PMI Business Activity fell in the month to 52.9 from August’s 54.8. This is the weakest growth since March 2017.

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U.K. public net borrowing stays below expectations

U.K. public net borrowing continues to be below expectation this fiscal year. In July, when self-assessment income tax payments stimulated tax receipts, the public finances recorded surplus of over GBP 3 billion, the highest for that month in 18 years.

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U.S. manufacturing sectors business conditions rebound strongly in September

U.S. manufacturing sector’s business conditions record strong rebound in September. The seasonally adjusted IHS Markit Flash manufacturing PMI rose to 55.6 from August’s 54.7, the highest since May 2018. The September PMI index was mainly stimulated by stronger rates of output and new order growth.

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Danish inflation likely to average 1.9 pct next year

Danish inflation in August was the lowest in any EU nation. At 0.8 percent against 2 percent, the difference between inflation in Denmark and the euro area was also close to record high, noted Danske Bank in a research report.

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