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Dollar hovers at 10-week highs on Fed rate hike prospects

NEW YORK (Reuters) - The dollar was firm against a basket of currencies on Monday, hovering at a 10-week high, as surprisingly stronger U.S. wages data in September bolstered bets the Federal Reserve would hike interest rates in December. Strength on Wall Street with the Dow and Nasdaq...

Wall Street ends lower; healthcare slides

NEW YORK (Reuters) - Wall Street fell from record levels on Monday as gains in Microsoft (MSFT.O) and other technology stocks failed to offset a drop in General Electric (GE.N) and a slide in healthcare stocks. Based on the latest available data, the Dow Jones Industrial Average .DJI...

German industrial output posts biggest surge since July 2011

BERLIN (Reuters) - German industrial production jumped more than expected in August, posting its biggest monthly increase in more than six years, data showed on Monday, in a further sign that Europe’s biggest economy is set for solid growth in the third quarter. Industrial output...

China shares hit 21-month high; Turkish lira takes a dive

SYDNEY (Reuters) - Chinese shares climbed on Monday after a week-long break as a disappointing survey on the country’s service sector did little to dent optimism on global growth, while political uncertainty caused turbulence for the Turkish and British currencies. Liquidity was...