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In December, British construction sector activity tumbled a bit, missing estimates and dampening optimism over the UK economy, as industry data disclosed on Wednesday.
Market research company IHS Markit and also the Chartered Institute of Purchasing & Supply told that their British construction purchasing managers' index went down to a seasonally updated 52.2 the previous month versus November’s result of 53.1.
Market experts had hoped the index would inch down to 52.8 in December.
On the index, a result above 50.0 stands for expansion, while an outcome below 50.0 points to contraction.
As IHS Markit informed, housing kept being the best performing area of activity, while new orders inched up at the fastest tempo since May.
The research group added that the abrupt rate of input price inflation kept unrolling in December.
FTSE 100 lagged EU markets with moderate losses of about 0.07% in London.
On Thursday, American leader Donald Trump unveiled that he generally disliked the Fed’s decision to have interest rates lifted, telling that he was concerned about their probable impact on the American economy as well as American competitiveness…
Inflation data is the most important indicator that affects the central bank’s monetary policy.
Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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