Today's press
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Euro bounces off 10-month lows as Italy tries to end turmoil
LONDON (Reuters) - The euro recovered on Wednesday from 10-month lows after reports that Italy’s biggest party would make a renewed attempt to form a coalition government and end months of political turmoil.
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U.S. first-quarter growth revised a touch lower
WASHINGTON (Reuters) - U.S. economic growth slowed slightly more than initially thought in the first quarter amid downward revisions to inventory investment and consumer spending, but a robust labor market and income tax cuts are likely to boost activity this year.
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Stocks- Wall Street Rallies as Geopolitical Worries Dissipate
Investing.com – Wall Street rallied on Wednesday as investors brushed aside geopolitical worries.
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Naira comes under pressure, reserves drop to $47.75bn
The naira has come under pressure against the United States’ dollar in recent days, falling to 366 to the greenback on the parallel market.
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China’s President Xi Says Blockchain Part of New ‘Technological Revolution’
President of China Xi Jinping openly praised blockchain technology during a speech May 28, as the technology continues to cement itself in the country’s future plans.
Next trading day's important events
- n/a (GMT 3) EMU - G7 Meeting
- 12:00 (GMT 3) EMU - Consumer Price Index (YoY) (May)
- 15:30 (GMT 3) US - Core Personal Consumption Expenditures (QoQ) (Q1)
- 15:30 (GMT 3) CA - Gross Domestic Product (MoM) (Mar)
Forex quotes:
- USDJPY: 108.92
- EURUSD: 1.1605
Indices:
- S&P 500: 2708.14
- NASDAQ: 7439.15