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UK’s new car registrations up nearly 8% in January – SMMT
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Dollar scales fresh peaks as Fed cut bets recede
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Italy minister sounds alarm on delays ahead of 2026 Winter Olympics
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Sterling reverses course after U.S. data, set for biggest weekly fall since early Dec
US labor market sizzles; delivers large job and wage gains
Date: February 2, 2024
US labor market sizzles; delivers large job and wage gains By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in January and wages increased by the most in nearly two years, signs of persistent strength in the labor market that could make it difficult for the Federal Reserve to start cutting interest rates in...
AbbVie raises 2027 sales forecast for new immunology drugs to $27 billion
Date: February 2, 2024
AbbVie raises 2027 sales forecast for new immunology drugs to $27 billion By Leroy Leo and Patrick Wingrove (Reuters) -AbbVie on Friday raised its 2027 forecast for sales of its immunology drugs Skyrizi and Rinvoq to $27 billion, up $6 billion from its previous prediction. The Chicago-based drugmaker has been counting on revenues from its...
One month on from Japan quake, volunteers provide safe space for kids
Date: February 2, 2024
One month on from Japan quake, volunteers provide safe space for kids SUZU, Japan (Reuters) – One month on from a magnitude 7.6 earthquake that struck the west coast of Japan, volunteers from non-profit organisation Katariba play cards and other games with children in a Suzu city school classroom. Sometimes they just read side by...
Yields, dollar jump on blowout US jobs report, stocks edge up
Date: February 2, 2024
Yields, dollar jump on blowout US jobs report, stocks edge up By Herbert Lash and Dhara Ranasinghe NEW YORK/LONDON (Reuters) -Treasury yields jumped, the dollar surged and global equities edged higher on Friday after a blowout U.S. jobs report scuttled any lingering hopes for a near-term cut in interest rates and underscored a strong economy...
Dollar jumps, traders pare rate cut bets after strong jobs report
Date: February 2, 2024
Dollar jumps, traders pare rate cut bets after strong jobs report By Karen Brettell NEW YORK (Reuters) – The U.S. dollar index jumped to a seven-week high on Friday after data showed that employers added far more jobs in January than expected, reducing the chances of near-term Federal Reserve interest rate cuts. Nonfarm payrolls increased...
Global equity funds draw inflows amid economic optimism and easing inflation
Date: February 2, 2024
Global equity funds draw inflows amid economic optimism and easing inflation (Reuters) – Global equity funds attracted substantial inflows in the week to Jan. 31, driven by upbeat U.S. economic growth data, and inflation readings showing a continued moderation in price pressures. According to data from LSEG, global equity funds secured a net $7.43 billion...