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Australia Building Approval Data Due On Wednesday
(RTTNews) - Australia will on Wednesday release November numbers for building approvals, highlighting a modest day for Asia-Pacific economic activity. In October, approvals were down 6.4 percent on month and 1.8 percent on year.
Japan will see December results for its services PMI from Jibun Bank; in November, the index score was 53.2.
Taiwan will release December data for consumer prices; in November, overall inflation was up 0.09 percent on month and 1.23 percent on year.
Thailand will see December inflation figures sometime this week. Overall inflation is expected to slip 0.40 percent on year after falling 0.4 percent in November, while core CPI is tipped to rise an annual 0.69 percent - up from 0.66 percent in the previous month.
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Rebound Anticipated For Japan Stock Market
The Japan stock market headed south again on Friday, one day after ending the two-day slide in which it had stumbled more than 1,250 points or 1.9 percent. The Nikkei 225 now sits just above the 64,000-point plateau although it may bounce higher again on Monday.
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10 minutes ago
South Korea Shares May Find Traction On Monday
The South Korea stock market has finished lower in two straight sessions, slumping almost 150 points or 2.1 percent in that span. The KOSPI now sits just above the 6,900-point plateau although it may stop the bleeding on Monday.
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25 minutes ago
Hong Kong Production, PPI Data Due On Monday
Hong Kong will on Monday release Q2 figures for industrial production and producer prices, highlighting a modest day for Asia-Pacific economic activity.
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1h 25min ago
U.S. Dollar Ticks Higher Amid Inflation Data Release, Expectations Of Reopening Of Strait Of Hormuz
The U.S. Dollar value inched higher as investors weighed today's inflation data that pushed the odds for a rate hike in the U.S. higher against reports of an upcoming meeting between the Gulf Cooperation Council nations and Iran to hasten the reopening of the Strait of Hormuz.
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2 days ago
TSX Climbs On Tech Rally, Looks Set To End 6-day Losing Streak
The S&P/TSX Composite Index rose 0.36% Friday to 35,634.50 as technology stocks surged 3.5%, contributing significantly to gains. Oil prices fell following International Energy Agency's downward global oil demand forecast revision.
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2 days ago
Swiss Market Ends Modestly Higher
The Switzerland stock market closed modestly higher on Friday, in line with markets across Europe, as a sharp drop in oil prices helped lift sentiment.
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2 days ago
European Markets Rise As Oil Prices Fall On IEA Demand Cut
European markets gained ground Friday after the International Energy Agency cut its global oil demand forecast, sending Brent crude futures down 3.5% to $103.50. The IEA now projects world oil demand will drop 2.5 million barrels per day this year versus its prior estimate of 1.6 million bpd.
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2 days ago
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September
A report released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index slumped to 47.8 in September after tumbling to 51.7 in August. Economists had expected the index to edge down to 51.0.
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