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Hungary Unemployment Rate Rises As Expected

Hungary’s unemployment rate increased in the three months ended in March, though marginally, figures from the Hungarian Central Statistical Office showed Friday. The jobless rate came in at 3.9 percent in the January to March period, up from 3.8 percent in the December to February period. The figure also matched consensus estimate. In the corresponding ...

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UK Economy Expands At Slowest Pace Since 2012

The UK economy expanded at the slowest pace in more than five years in the first quarter, as activity was damped by severe weather, the Office for National Statistics said Friday. Gross domestic product grew only 0.1 percent in the first quarter, the weakest since the fourth quarter of 2012. ...

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Crude Oil Flat Near $68

Crude oil futures were slightly lower Friday morning despite expectations that OPEC will extend its supply quota plan with Russia. The cartel will meet with Kremlin officials on June 23, a day after the OPEC regular meeting, according to reports. Crude oil was down 11 cents at $68.08 a barrel ...

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Forecasters Slash Eurozone Inflation Projections For 2019, 2020: ECB Survey

Eurozone inflation is expected to rise slower than previously projected in the next two years, while growth is seen stronger, according to the Survey of Professional Forecasters published by the European Central Bank on Friday. Forecasters maintained their inflation expectations for 2018 at 1.5 percent. For 2019 and 2020, projections ...

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Dollar Mixed Ahead Of U.S. GDP Data

The Commerce Department’s advance GDP data for the first quarter will be published at 8.30 am ET Friday. The consensus is for increase of 2.0 percent, compared to 2.9 percent in the prior quarter. Ahead of the data, the greenback traded mixed against its major rivals. While the greenback rose ...

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Dollar Advances Following U.S. GDP Data

The Commerce Department’s advance GDP data for the first quarter has been published at 8.30 am ET Friday. After the data, the greenback climbed against its major rivals. The greenback was trading at 109.41 against the yen, 1.3767 against the pound, 1.2073 against the euro and 0.9906 against the franc ...

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U.S. GDP Climbs More Than Expected In Q1

Economic growth in the U.S. continued to slow in the first quarter of 2018, according to a report released by the Commerce Department on Friday, although the pace of growth during the quarter still exceeded economist estimates. The Commerce Department said real gross domestic product climbed by 2.3 percent in ...

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Eurozone Economic Confidence Unchanged In April

Eurozone economic sentiment remained unchanged in April as stronger morale among consumers and industries was offset by a deterioration in confidence among services, retail and construction firms. The economic sentiment index held steady at 112.7 in April, survey data from the European Commission showed Friday. The score was forecast to ...

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U.S. Economic Growth Slows Less Than Expected In Q1

Economic growth in the U.S. continued to slow in the first quarter of 2018, according to a report released by the Commerce Department on Friday, although the pace of growth during the quarter still exceeded economist estimates. The Commerce Department said real gross domestic product climbed by 2.3 percent in ...

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