Today's press
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Sterling hits two-week low after warning about Brexit transition deal
LONDON (Reuters) - Sterling skidded to a two-week low on Wednesday after the EU’s chief Brexit negotiator said a transition deal was not guaranteed and Britain’s prime minister said the EU’s draft legal text would undermine the United Kingdom.
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Surge in imports helps curb U.S. economic growth in fourth quarter
WASHINGTON (Reuters) - U.S. economic growth slowed slightly more than initially thought in the fourth quarter as the strongest pace of consumer spending in three years drew in imports and depleted inventories.
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Chicago PMI Falls to 61.9 in February
Investing.com - Growth in business activity in the Chicago region slowed to the lowest level in six months in February, according to data released on Wednesday.
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U.S. Pending Home Sales Fall in January
Investing.com - A forward looking indicator of U.S. home sales fell in January, according to data released on Wednesday by the National Association of Realtors (NAR).
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India regains status as fastest growing major economy
NEW DELHI (Reuters) - India regained its status as the world's fastest growing major economy in the October-December quarter, surpassing China for the first time in a year as government spending, manufacturing and services all picked up.
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We’ll flood market with lower naira denominations, says CBN
The Central Bank of Nigeria, in a bid to address the acute shortage of lower denomination currencies, on Tuesday commenced an exercise aimed at flooding the market with N100, N50, N20, N10 and N5 notes.
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Bitcoin Brushes $11K as Bull Case Strengthens
Having tested $11,000 this morning, bitcoin (BTC) is now trading roughly sideways for the month, but could still enter March on a positive note.
Next trading day's important events
- 16:30 (GMT 3) US - Core Personal Consumption Expenditure - Price Index (YoY) (Jan)
- 18:00 (GMT 3) US - Fed's Powell Speech
Forex quotes:
- USDJPY: 107.03
- EURUSD: 1.2191
Indices:
- S&P 500: 2759.73
- NASDAQ: 7376.57