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U.S. manufacturing output climbs for second month in June

2 mins ago DieselGasoil Comments Off on U.S. manufacturing output climbs for second month in June
WASHINGTON (Reuters) – U.S. manufacturing output accelerated in June, climbing for the second straight month, thanks in large part to increased production of motor vehicles and parts. The Federal Reserve said Tuesday manufacturing production rose 0.4% last month, above the 0.2% expected by analysts in a Reuters poll. The June numbers were stronger than the Read More

U.S. retail sales increase solidly in boost to economy

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WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June, pointing to strong consumer spending, which could help to blunt some of the drag on the economy from weak business investment. FILE PHOTO: A sign is shown in the window of a retail store in San Francisco, California May 13, 2013. REUTERS/Robert Galbraith Read More

Asian shares pull ahead after encouraging Chinese data

1 day ago DieselGasoil Comments Off on Asian shares pull ahead after encouraging Chinese data
SYDNEY (Reuters) – Asian shares advanced on Monday as investors breathed a sigh of relief after encouraging Chinese data suggested the world’s second-biggest economy may be starting to stabilize thanks to ramped-up stimulus from Beijing. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China May 6, 2019. REUTERS/Aly Read More

Asian shares, dollar brace for China GDP

2 days ago DieselGasoil Comments Off on Asian shares, dollar brace for China GDP
SYDNEY (Reuters) – Asian shares started the week on a softer note on Monday after posting their first weekly decline since early June, while the dollar was on the defensive ahead of key economic data from China. FILE PHOTO: Investors look at screens showing stock information at a brokerage house in Shanghai, China May 6, Read More

Wall Street stocks climb, dollar drops on rate-cut optimism

4 days ago DieselGasoil Comments Off on Wall Street stocks climb, dollar drops on rate-cut optimism
NEW YORK (Reuters) – Wall Street stocks closed higher and the dollar fell on Friday as investors prepared for a U.S. interest-rate cut, while oil futures were little changed as a forecast for a global crude surplus offset worries about U.S. output declines due to a tropical storm. Traders work on the floor of the Read More

Wall St. notches all-time highs on lingering rate-cut optimism

4 days ago DieselGasoil Comments Off on Wall St. notches all-time highs on lingering rate-cut optimism
NEW YORK (Reuters) – All three major indexes posted record closing highs on Friday as firm expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week’s kickoff of the corporate earnings season. The S&P 500 closed above the 3,000 level for the first time, with the industrial Read More

Wall Street hits new highs on rate-cut optimism

4 days ago DieselGasoil Comments Off on Wall Street hits new highs on rate-cut optimism
NEW YORK (Reuters) – U.S. stocks hit record highs on Friday as high expectations for an interest-rate cut from the Federal Reserve continued to propel shares while investors awaited next week’s kickoff of the corporate earnings season. Numbers showing the rise of the Dow Jones Industrial Average above 27,000 are displayed on a screen above Read More

Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs

4 days ago DieselGasoil Comments Off on Wall Street rises on rate cut optimism; S&P 500, Dow hit new highs
(Reuters) – The S&P 500 and the Dow Jones Industrial Average hit fresh record highs on Friday, as the indexes continued a strong run for the week on hopes of an interest rate cut this month, while investors waited for the start of the corporate earnings season. Numbers showing the rise of the Dow Jones Read More

U.S. producer prices rise marginally, suggest tame inflation

4 days ago DieselGasoil Comments Off on U.S. producer prices rise marginally, suggest tame inflation
WASHINGTON (Reuters) – U.S. producer prices rose slightly for the second straight month in June as an acceleration in the cost of services was offset by cheaper energy goods, resulting in the smallest annual increase in producer inflation in nearly 2-1/2 years. FILE PHOTO: Price tags are pictured at a Ralphs grocery store in Pasadena, Read More