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European Economic News Preview: UK Revised GDP Data Due
(RTTNews) - Revised GDP from the UK is the top economic news due on Monday, headlining a light day for the European economic news.
At 2.00 am ET, the Office for National Statistics releases UK GDP data for the third quarter. The initial estimate showed that the economy grew 0.1 percent sequentially, following the prior quarter's 0.3 percent expansion.
In the meantime, unemployment data is due from Norway.
At 4.00 am ET, Italy's statistical office ISTAT is scheduled to issue producer prices for November. Prices had increased 0.1 percent in October.
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U.S. Dollar Rises Against Majors
The U.S. dollar strengthened against other major currencies in the Asian session on Monday.
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46 minutes ago
European Markets Seen Ushering In New Week On A Weak Note
A weak sentiment is expected to prevail in stock markets across Europe at the onset of the new week which would witness interest rate decisions by the Federal Reserve, Bank of England as well as Bank of Japan. Market mood is expected to be impacted by the rate hike expectations from the Federal Reserve as well as Bank of Japan.
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1h 5min ago
NZ Dollar Falls Amid RBNZ Dovish Signals
The New Zealand dollar weakened against other major currencies in the Asian session on Monday, due to a dovish hike by the Reserve Bank of New Zealand (RBNZ).
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1h 5min ago
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Monday.
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1h 38min ago
Australian Market Trims Early Slight Losses In Mid-market
The Australian stock market is trimming its early slight losses in mid-market trading on Monday, snapping a four-session losing streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to near the 8,750.00 level, with gains in energy, financial and technology stocks.
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4h 16min ago
Asian Markets Trade Mostly Lower
Asian stock markets are mostly lower on Monday, despite the broadly positive cues from Wall Street on Friday, amid surging crude oil prices after the critical East-West pipeline was shut by Saudi Arabia following drone attacks and talks between Iran and the GCC about a possible reopening of the Strait of Hormuz were postponed. The pipeline provided an alternative route around the Strait of Hormuz.
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4h 28min ago
Thai Stock Market: Support Expected At 1,600 Points
The Thai stock market has moved lower in three straight sessions, sinking more than 15 points or 0.9 percent along the way. The Stock Exchange of Thailand now sits just above the 1,600-point plateau although it may halt its slide on Monday.
RTTNews
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5h 43min ago
Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Monday, extending the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The Nikkei 225 is falling below the 63,050 level, with weakness in index heavyweights and technology stocks partially offset by gains in financial stocks.
RTTNews
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6h 7min ago
