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Tech Shares May Continue To Weigh On KOSPI
The South Korea stock market turned lower again on Wednesday, one day after ending the two-day slide in which it had given up more than 530 points or 6.5 percent. The KOSPI now sits just above the 8,300-point plateau and it may extend its losses on Thursday.
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71 days ago
New Zealand Building Permits Sink 4.0% In May
The total number of building permits issued in New Zealand was down a seasonally adjusted4.0 percent on month in May, Statistics New Zealand said on Thursday - coming in at 3,801.
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71 days ago
Australia Trade Data Due On Thursday
Australia will on Thursday release May figures for imports, exports and trade balance, highlighting a modest day for Asia-Pacific economic activity. In April, imports were up 0.8 percent on month and exports rose 7.2 percent for a trade surplus of A$1.791 billion.
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71 days ago
U.S. Dollar Inches Higher Amid Ongoing Fed Rate Hike Bets Despite Decline In Crude Oil Prices
The U.S. Dollar value edged higher as investors assessed the ongoing bets on rate hike by the U.S. Federal Reserve along with Fed Chair Kevin Warsh's remarks highlighting inflationary pressures. The plunge today in crude oil prices capped the gains.
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71 days ago
Swiss Market Ends Moderately Lower
After staying slightly below the flat line till a little past mid-morning, the European market drifted down and eventually ended moderately lower on Wednesday.
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71 days ago
Gold Soars Amid OMFIF Report Despite Increasing U.S. Fed Rate Cut Bets
After ending yesterday's trading roughly flat, gold prices have surged on Wednesday as investors assessed a report stating that global central banks are more inclined towards investments into gold purchases rather than U.S. dollar. However, the ongoing bets on rate-hike by the U.S. Federal Reserve capped the gains.
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71 days ago
European Stocks Close Broadly Lower After Cautious Session
European stocks closed broadly lower on Wednesday with investors mostly staying cautious while watching the developments with regard to U.S.-Iran peace moves and focusing on speeches from prominent central bank officials at the Sintra Forum.
Uncertainty about US-Iran peace talks and the loss of momentum in the AI-driven tech rally contributed to the subdued trend in most of the markets.
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71 days ago
more news
U.S. Manufacturing Index Dips But Still Indicates Growth In June
A report released by the Institute for Supply Management on Wednesday showed a modest decrease by its reading on U.S. manufacturing activity in the month of June. The ISM said its manufacturing PMI dipped to 53.3 in June after rising to 54.0 in May, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 53.9.
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71 days ago
General Mills Shares Gain On Higher Q4 Adj. Earnings, Sales Growth; $3 Bln Cost Savings Target
Shares of General Mills, Inc. were gaining around 7 percent in the early morning trading on the NYSE, after the branded food major reported Wednesday higher fourth-quarter adjusted earnings and net sales, and announced a $3 billion cost savings plan by fiscal 2030. Meanwhile, including one-time costs, the company slipped to a hefty loss in the quarter, and warned on weak adjusted earnings in FY27.
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71 days ago
Eurozone Inflation Eases To 2.8%
Euro area inflation slowed to a three-month low in June as food, energy and services prices registered slower growth, easing pressure on the European Central Bank to hike interest rates again this month. Inflation weakened to 2.8 percent from 3.2 percent in May, flash data from Eurostat showed Wednesday. This was the lowest rate since March and remained below the forecast of 3.0 percent.
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71 days ago
Euro Falls As Eurozone Inflation Slows
The euro weakened against other major currencies in the European session on Wednesday, Eurozone inflation slowed to a three-month low in June.
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71 days ago
Euro Falls Against Majors
The euro weakened against other major currencies in the European session on Wednesday.
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71 days ago
U.S. Private Sector Employment Increases Less Than Expected In June
Private sector employment in the U.S. increased by less than expected in the month of June, according to a report released by payroll processor ADP on Wednesday,
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71 days ago
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