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Australia Hikes Key Policy Rate For Third Time
The Reserve Bank of Australia raised its key interest rate by a quarter basis point for the third straight meeting as inflation is expected to remain above the target as the war in the Middle East pushed up fuel prices. The RBA policy board, led by Governor Michele Bullock, decided to lift the cash rate target by 25 basis points to 4.35 percent in a split vote on Tuesday, in line with economists
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129 days ago
Sensex, Nifty Close Modestly Lower
Indian stocks turned in a weak performance on Tuesday as rising tensions in the Middle East and the rupee's drop to a low of 95.44 against the greenback weighed on sentiment. The market managed to pare some losses thanks to a fairly decent recovery past mid-afternoon.00
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129 days ago
Asian Stocks Decline On Tuesday
Asian equity markets slipped on Tuesday, weighed down by tensions in the Middle East and efforts to reopen the Strait of Hormuz.
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129 days ago
CAC Moderately Higher In Cautious Trade
France's equity benchmark CAC 40 moved higher on Tuesday as investors reacted to some corporate earnings news. The mood in the market remained a bit cautious due to an escalation in tensions in the Middle East.
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129 days ago
Indonesia GDP Growth Beats Expectations
Indonesia's economy grew at the fastest pace in more than three years in the first quarter as government stimulus measures supported the nation amid the adverse effects of the war in the Middle East. Gross domestic product logged an annual growth of 5.61 percent in the first quarter, surpassing the 5.39 percent expansion registered in the fourth quarter, Statistics Indonesia said Tuesday.
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129 days ago
DAX Climbs Higher Despite Middle East Tensions
Despite rising tensions in the Middle East, German stocks climbed higher on Tuesday as investors reacted to a slew of earnings updates and other corporate news.
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129 days ago
Australian Dollar Falls Despite RBA Rate Hike
The Australian dollar retreated from recent highs against other major currencies in the Asian session on Tuesday, despite the Reserve Bank of Australia raised its key interest rate by a quarter-point as risks to inflation remain tilted to the upside.
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129 days ago
more news
U.S. Dollar Rallies Against Majors
The U.S. dollar climbed against its major counterparts in the New York session on Monday.
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129 days ago
Australian Dollar Falls Against Majors
The Australian dollar retreated from recent highs against other major currencies in the Asian session on Tuesday.
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129 days ago
Middle East Flare-up Seen Dragging Down European Stocks
Efforts to restore shipping traffic through the Strait of Hormuz and the resultant escalation in tensions in the Middle East are expected to weigh on stock markets in Europe on Tuesday.
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129 days ago
Sensex, Nifty Notably Lower As Middle East Tensions, Weak Rupee Hurt Sentiment
Indian stocks are down on Tuesday, weighed down largely by escalating tensions in the Middle East and hurt by the rupee's weakness against the greenback. Investors are also reacting to a slew of earnings announcements.
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129 days ago
Australian Market Maintains Early Losses In Mid-market
The Australian stock market is maintaining its early losses in mid-market trading on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,650 level, with weakness in mining stocks partially offset by gains in energy and technology stocks.
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129 days ago
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, with major markets in the region, China, Japan and South Korea closed, as traders react to the re-escalation of the Middle East conflict and the related spike in crude oil prices that has again raised global inflation concerns. Asian markets closed mostly higher on Monday.
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129 days ago
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