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After reporting a sharp jump in first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report on Thursday showing that initial jobless claims pulled back by less than expected in the week ended October 12th.

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Growth in Philadelphia-area manufacturing activity continued in October, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday, although the pace of growth slowed compared to the previous month. The Philly Fed said its diffusion index of current activity dipped to 19.8 in October from 22.3 in September, with a positive reading indicating growth.

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China will on Friday release a raft of economic data, highlighting a modest day for Asia-Pacific economic activity. On tap are Q3 figures for GDP, as well as September numbers for retail sales, industrial production and fixed asset investment.

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China's economic growth accelerated for the first time in three quarters in the July-September period, data from the National Bureau of Statistics revealed Friday, supporting policymakers' efforts to restructure the economy in order to achieve sustainable growth in the longer-term. The gross domestic product rose 7.8 percent year-on-year in the third quarter of 2013 in line with expectations.

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Industrial output in China was up 10.2 percent on year in September, the National Bureau of Statistics said on Friday - in line with expectations although easing from 10.4 percent in August.

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The Bank of England's Monetary Policy Committee is very unlikely to raise interest rates next year, policymaker Spencer Dale said on Friday.

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Any move by the European Central Bank to raise rates now, thereby deviating from the global trend, could increase the euro exchange rate and hurt the economic recovery, ECB Governing Council Member Ewald Nowotny warned on Friday.

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With the federal government back up and running, the Labor Department has announced the rescheduled release dates for some key economic reports that were delayed by the shutdown.The Labor Department said the closely watched monthly jobs report for September will be released at 8:30 am ET on Tuesday, October 22nd. The report was originally scheduled for release on October 4th.

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Japan saw a merchandise trade deficit of 932.149 billion yen in September, the Ministry of Finance said on Monday.

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The average asking price for a house in the United Kingdom was up 2.8 percent in October compared to the previous month, property tracking website Rightmove said on Monday - standing at 252,418 pounds.

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