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European Economic News Preview: Eurozone Final Factory PMI Due
Final factory Purchasing Managers' survey results and unemployment from the euro area are due on Wednesday. At 3.15 am ET, Spain's manufacturing PMI survey results are due. Economists forecast the index to rise to 50.5 in March from 50.0 in February.
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163 days ago
Nike Shares Down On Weak Q3 Profit, Cautious Q4 Outlook
Shares of Nike, Inc. were losing around 10 percent in the overnight trading after the athletic apparel and footwear major warned on weak revenues in its fourth quarter, after reporting a sharply lower profit in the third quarter. Weak margin due to higher tariffs in North America, and higher expenses hit the quarterly profit, amid nearly flat revenues.
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164 days ago
U.S. Dollar Falls Against Most Majors
The U.S. dollar fell against its most major counterparts in the New York session on Tuesday.
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164 days ago
European Shares Set For Gap-up Open As US-Iran Tensions Ease
European stocks are seen opening on a strong note on Wednesday amid signs of de-escalation of tensions in the Middle East.
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164 days ago
China Manufacturing Activity Expands
China's manufacturing activity continued to expand in March but the pace of growth moderated from the previous month, survey results from S&P Global showed Wednesday.
The headline RatingDog manufacturing Purchasing Managers' Index fell to 50.8 in March from 52.1 in February. Although the indicator dropped from February's recent peak, the score signaled the second-strongest growth in the past six
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164 days ago
Indian Shares Rally As Trump Announces Iran War Exit
Indian shares opened on a strong note Wednesday after U.S. President Trump said the U.S. could end its Iran military campaign within 2-3 weeks, claiming that Washington had already achieved its core objectives of hobbling Iran's nuclear ambitions and bringing a regime change in the country.
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164 days ago
Australian Market Maintains Early Sharp Gains In Mid-market
The Australian stock market is maintaining its early sharp gains in mid-market moves on Wednesday, extending the gains in the previous session, with the benchmark S&P/ASX 200 moving above the 8,600 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors led by materials and technology stocks. Energy stocks were the only weak spot.
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164 days ago
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Asian Markets Track Wall Street Higher
Asian stock markets are trading mostly higher on Wednesday, following the broadly positive cues from global markets overnight, on optimism for an end to hostilities in the Middle East that will lead to a pullback by crude oil prices and ease inflation concerns. Bargain hunting also contributed to the strength in the markets. Asian markets closed mixed on Tuesday.
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164 days ago
Indian Shares Set To Soar On Signs Of Iran War End
India shares look set to open on an upbeat note on Wednesday after U.S. President Donald Trump said he would end the Iran war without reopening the Strait of Hormuz, especially as the conflict looked set to extend beyond his initial four-to-six-week timeline.
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164 days ago
Thai Shares Poised To Bounce Higher Again On Wednesday
The Thai stock market on Tuesday snapped the two-day winning streak in which it had risen almost 7 points or 0.5 percent. The Stock Exchange of Thailand now sits just beneath the 1,450-point plateau although it's likely to rebound on Wednesday.
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164 days ago
Indonesia Shares May Stop The Bleeding On Wednesday
The Indonesia stock market has moved lower in four straight sessions, retreating more than 240 points or 3.5 percent along the way. The Jakarta Composite Index now sits just beneath the 7,050-point plateau and it's tipped to open in the green on Wednesday.
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164 days ago
Japanese Market Sharply Higher
The Japanese stock market is trading sharply higher on Wednesday, snapping a four-session losing streak, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 52,850 level, with gains across all sectors led by exporters, financial and technology stocks.
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164 days ago
Hong Kong Stock Market Likely To Reclaim 25,000-Point Level
The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had jumped more than 950 points or 3.6 percent. The Hang Seng Index now rests just beneath the 24,800-point plateau and it may pick up steam on Wednesday.
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164 days ago
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