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Japan Bourse May Extend Its Gains On Thursday
The Japan stock market has tracked higher in consecutive trading days, rallying more than 1,500 points or 2.3 percent along the way. The Nikkei 225 now sits just above the 68,750-point plateau and it's expected to open in the green again on Thursday.
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57 days ago
Win Streak May Continue For South Korea Shares
The South Korea stock market has finished higher in back-to-back sessions, soaring more than 475 points or 6.6 percent along the way. The KOSPI now sits just above the 7,280-point plateau and it may add to its winnings on Thursday.
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57 days ago
South Korea Rate Decision On Tap For Thursday
The Bank of Korea will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity.
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57 days ago
U.S. Dollar Slides Amid Weaker-Than-Expected PPI Data
The U.S. Dollar value edged lower after the U.S. Producer Prices Index came in unexpectedly softer, prompting traders to lower bets on rate hike by the U.S. Federal Reserve. In addition, following U.S. President Donald Trump's announcement that Iran is seeking a meeting with the U.S. safe-haven demand for the dollar lowered with easing war tension.
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57 days ago
Swiss Market Ends On Firm Note; Richemont Rises Nearly 7%
Despite struggling for direction till a little past mid-afternoon, the Switzerland market closed on a firm note on Wednesday thanks to some strong buying at a few frontline counters in the last couple of hours of the session.
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57 days ago
Major European Markets Close On Mixed Note
The major European markets ended on a mixed note on Wednesday as worries about escalating tensions in the Middle East and higher bond yields rendered the mood cautious, preventing investors from making significant moves.
U.S. forces resumed the naval blockade against vessels transiting to and from Iranian ports and coastal areas, and President Donald Trump threatened to hit energy targets in Iran
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57 days ago
Canadian Market Up Firmly In Positive Territory After BoC Holds Rates
The Canadian market remains firmly up in positive territory Wednesday morning, led by gains in communications, real estate, consumer discretionary and financial sectors.
In addition to following the reports from the Middle East front, investors are digesting the Bank of Canada's decision to leave interest rates unchanged.
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57 days ago
more news
New York Manufacturing Activity Picks Up Considerably In July
A report released by the Federal Reserve Bank of New York on Wednesday showed regional manufacturing activity has picked up considerably in the month of July. The New York Fed said its general business conditions index jumped to 15.6 in July from 5.7 in June, with a positive reading indicating growth. Economists had expected the index to climb to 8.6.
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57 days ago
Bank Of Canada Holds Interest Rates Steady
The Bank of Canada on Wednesday announced its widely expected decision to once again leave interest rates unchanged. The Canadian central bank said it decided to hold its target for the overnight rate at 2.25 percent, with the Bank Rate at 2.50 percent and the deposit rate at 2.20 percent.
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57 days ago
Pound Rises Amid BoE Rate Hike Speculation
The British pound strengthened against other major currencies in the European session on Wednesday, due to decreased political unpredictability in the U.K. and anticipation of rising Bank of England (BoE) interest rates.
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57 days ago
U.S. Producer Prices Dip More Than Expected In June As Energy Prices Plunge
Producer prices in the U.S. decreased by more than expected in the month of June, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand fell by 0.3 percent in June after climbing by a downwardly revised 0.6 percent in May.
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57 days ago
Antipodean Currencies Rise Amid Oil Price Surges
The antipodean currencies such as the Australia and the New Zealand dollars strengthened against their major currencies in the European session on Wednesday, as the crude oil prices traded higher as the U.S and Iran escalated a standoff over control of the Strait of Hormuz, raising fears of prolonged disruptions to energy supplies.
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57 days ago
NZ Dollar Advances Against Majors
The New Zealand dollar strengthened against other major currencies in the European session on Wednesday.
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57 days ago
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