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News

Chipmaker stocks climb, sickly euro treads water

By Huw Jones LONDON, July 7 (Reuters) - Gains in chipmakers lifted stocks to calm investors after hawkish Federal Reserve comments increased the likelihood of a hefty interest rate hike later this month and raised fears over how much this could slow the economy. The euro struggled to avoid dipping below parity with the safe-haven dollar. Sterling G
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Gold finds reprieve after selloff as dollar rally cools

* U.S. bond yields partially offseting softer dollar - analyst * Focus turns to Friday's jobs report By Arundhati Sarkar July 7 (Reuters) - Gold rose on Thursday as the dollar pulled back slightly and some investors scooped up bargains after two sessions of heavy losses that plunged prices below the crucial $1,800 level. Spot gold XAU= rose 0.4% to
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Chipmakers revive stocks as euro struggles after freefall

By Huw Jones LONDON, July 7 (Reuters) - Chipmakers revived stock markets on Thursday, helping to sooth investor worries over a potentially rapid recession because of looming rate hikes, while the euro struggled near a 20-year parity with the safe-haven dollar. Sterling GBP=D3 rose 0.6% after reports that Britain's Prime Minister Boris Johnson will
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Asian stocks tick up as investors weigh recession risks

By Tom Westbrook and Sam Byford SINGAPORE/TOKYO, July 7 (Reuters) - Asian stocks managed gradual gains on Thursday as investors grappled with the risks of a recession and a potential pause in interest rate hikes, while the euro traded at a two-year low and oil began to claw back overnight losses. MSCI's broadest index of Asia-Pacific shares outside
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Gold prices firm as dollar rally takes a breather

* Gold prices hit lowest since late-September on Wednesday * Until the dollar tops, gold likely is a punt - analyst (Updates prices) By Bharat Gautam July 7 (Reuters) - Gold prices rose on Thursday from nine-month lows hit in the previous session, after a break in the dollar's rally alleviated pressure on bullion, but analysts warned that the relie
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