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Oil Extends Gains As US-Iran Peace Deal Hopes Fade
Oil prices extended gains for a third consecutive session on Wednesday amid renewed uncertainty over U.S.-Iran negotiations aimed at ending the war and reopening the Strait of Hormuz, a critical waterway for the energy market globally.
Brent crude futures for August delivery were up 2.2 percent at $98.15 a barrel after the U.S. military said it had thwarted Iranian missile attacks targeting Bahrain, Kuwait, and other locations in the region. WTI crude futures for July delivery surged 2.3 percent to $95.93.
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100 days ago
European Shares Decline Amid Uncertainty Surrounding US-Iran Talks
European stocks edged lower on Wednesday as renewed Middle East tensions continued to push oil prices higher, clouding the outlook for inflation and interest rates.
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100 days ago
U.S. Dollar Climbs Against Most Majors
The U.S. dollar climbed against its most major counterparts in the New York session on Tuesday.
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100 days ago
Asian Shares Mixed On US-Iran Uncertainty; Nikkei Hits Fresh Record
Asian stocks ended mixed on Wednesday as renewed enthusiasm for artificial intelligence offset uncertainty over U.S.-Iran negotiations aimed at ending the war and reopening the Strait of Hormuz, a critical waterway for the energy market globally.
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100 days ago
Swiss Franc Slides After SNB Schlegel's Remark
The Swiss franc weakened against other major currencies in the Asian session on Wednesday, after Swiss National Bank (SNB) President Schlegel reiterated bank's readiness to intervene while preserving price stability.
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100 days ago
China Service Sector Growth Accelerates
China's service sector grew at a faster pace in May as total activity and new business expanded at the fastest rates in three months, survey data from S&P Global showed Wednesday. The RatingDog services Purchasing Managers' Index rose to 54.4 in May from 52.6 in the previous month.
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100 days ago
Swiss Franc Slides Against Majors
The Swiss franc weakened against other major currencies in the Asian session on Wednesday.
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100 days ago
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NZ Dollar Falls As US-Iran Deal Uncertainty Escalates
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, as uncertainty about the situation in the Middle East and the opening of the Strait of Hormuz is keeping some traders on the sidelines. Meanwhile, optimism about the AI trade continues to generate positive sentiment.
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100 days ago
European Shares Seen Tad Lower At Open
European stocks are seen opening a tad lower on Wednesday as investors weigh AI optimism against mounting economic concerns.
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100 days ago
NZ Dollar Falls Against Majors
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday.
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100 days ago
Australia GDP Growth Slows In Q1
Australia's economic growth eased in the first quarter as consumers reduced spending amid rising interest rates, and cyclones weighed on mining and exports, the Australian Bureau of Statistics said Wednesday. Gross domestic product grew 0.3 percent on a quarterly basis, much weaker than the 0.9 percent expansion seen in the fourth quarter and economists' forecast of 0.5 percent.
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100 days ago
Indian Shares Sharply Lower As IT Stocks Slump
Indian shares tumbled in early trade on Wednesday, with IT stocks coming under heavy selling pressure after the U.S.-listed shares of both Infosys and Wipro declined between 2.5 percent and 8 percent during the overnight trading session on Wall Street.
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100 days ago
Australian Market Extends Early Gains In Mid-market
The Australian stock market is extending its early gains in mid-market moves on Wednesday, reversing the slight losses in the previous session, with the benchmark S&P/ASX 200 moving well above the 8,750 level, following the broadly positive cues from Wall Street overnight, with gains in mining and energy stocks partially offset by weakness in technology stocks.
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100 days ago
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