BRAZIL: House Committee Votes To Shield President Temer

A Brazilian House of Representatives Committee voted in favor of shielding President Michel Temer from a trial for corruption. The decision must be endorsed by the House floor and was widely expected by investors. Temer was charged for the second time this year in September, when public prosecutors accused him of leading a criminal group ...

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New Zealand Credit Card Spending On Tap For Friday

New Zealand will on Friday see September figures for credit card spending, highlighting a light day for Asia-Pacific economic activity. In August, credit card spending was down 0.7 percent on month and up 6.4 percent on year. Malaysia will release September numbers for consumer prices; in August, inflation was up ...

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Dollar Mixed Despite Some Positive Economic News

The dollar is turning in a mixed performance Thursday afternoon. The buck is rising against the British pound after a drop in UK retail sales, but is losing ground against both the Euro and the Japanese Yen. U.S. economic data was largely positive this morning. Weekly jobless claims fell by ...

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Treasuries Move To The Upside Amid Weakness On Wall Street

Following the pullback seen in the previous session, treasuries moved back to the upside during the trading day on Thursday. Bond prices moved higher early in the session but pulled back off their highs as the day progressed. As a result, the yield on the benchmark ten-year note, which moves ...

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Crude Oil Slumps Despite Supply Cut Optimism

Crude oil futures fell Thursday despite a prediction from OPEC’s top man that oil demand will surge in the coming years. Oil will top 100 million barrels a day in 2020, OPEC Secretary-General Mohammad Barkindo said. He also said the global oil glut is quickly dwindling. “A balanced oil market ...

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Gold Futures Rebound Amid Catalan Question

Gold futures were higher Thursday amid mixed U.S. economic data and political turmoil in Spain. Catalonia, which now enjoys autonomous status, may have its priveleges revoked by Madrid if it keeps moving toward independece. This would likely trigger a formal declaration of independence. Dec. gold climbed $7, or 0.6%, to ...

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Treasury Announces Details Of Upcoming Long-Term Securities Auctions

The Treasury Department announced the details of next week’s auctions of two-year, five-year, and seven-year notes on Thursday. The Treasury said it plans to sell $26 billion worth of two-year notes next Tuesday, $34 billion worth of five-year notes next Wednesday and $28 billion worth of seven-year notes next Thursday. ...

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Euro Climbs Despite Catalonia Crisis

The euro strengthened against its major rivals in the European session on Thursday, despite political uncertainty in Spain after the Spanish government threatened to take control over Catalonia, as the region’s leader Carles Puigdemont refused to abandon a push for independence. Spanish government is set to convene a special Cabinet ...

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Belgium Consumer Confidence Highest Since Mid-2001

Belgium’s consumer confidence rose for a second straight month to its highest level since the middle of 2001, driven by the improved outlook for the economy and the unemployment situation, survey data from the National Bank of Belgium showed Thursday. The consumer confidence index climbed to 4 from 3 in ...

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