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KOSPI Likely To Reclaim 7,300-Point Level
The South Korea stock market on Thursday ended the three-day slide in which it had given up almost 850 points or 10.1 percent. The KOSPI now sits just beneath the 7,290-point plateau and it may add to its winnings on Friday.
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63 days ago
Japan Producer Price Data Due On Friday
Japan will on Friday release June figures for producer prices, highlighting a very light day for Asia-Pacific economic activity.
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63 days ago
U.S. Dollar Slips As U.S.-Iran Standoff Continues While Trump Signals A Deal
The U.S. Dollar value ticked lower as inflationary pressures ease following a slump in crude oil prices while investor expectations on an end to the fresh U.S.-Iran conflict grows stronger with U.S. President Donald Trump hinting that Iran is seeking a deal with the U.S.
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63 days ago
Swiss Market Ends Modestly Higher After Choppy Session
Despite staying quite sluggish till around mid-afternoon, the Switzerland stock market closed modestly higher on Thursday thanks to some brisk buying at select counters in the final hour of the session.
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63 days ago
European Stocks Close Higher Despite Geopolitical Tensions
Despite concerns about the ongoing conflict between the U.S. and Iran, the undertone in European markets remained reasonably firm on Thursday, with investors looking ahead to corporate earnings updates and economic data in the coming days.
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63 days ago
TSX Climbs Higher; Materials, Financials Stocks Move Up
Despite renewed tensions in the Middle East, the Canadian market is up firmly in positive territory a little past noon on Thursday, lifted by strong gains in materials sector as precious metals prices moved higher. Stocks from consumer discretionary and financials sectors are the other notable gainers.
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63 days ago
U.S. Existing Home Sales Unexpectedly Pull Back Sharply In June
Existing home sales in the U.S. unexpectedly pulled back sharply in the month of June, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales tumbled by 2.4 percent to an annual rate of 4.09 million in June after surging by 3.7 percent to an upwardly revised rate of 4.19 million in May.
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63 days ago
more news
U.S. Weekly Jobless Claims Unexpectedly Edge Down To 215,000
The Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended July 4th. The report said initial jobless claims edged down to 215,000, a decrease of 2,000 from the previous week's revised level of 217,000.
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63 days ago
PepsiCo Q2 Profit Surges, Core Margin Drops, Confirms FY26 View; Stock Down
Snack and beverage giant PepsiCo, Inc. reported Thursday significantly higher profit for its second quarter mainly on sharply lower impairment charges, as well as increased net revenues and volume. Meanwhile, core operating margin declined from last year. Further, the firm maintained fiscal 2026 outlook for core earnings and sales growth.
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63 days ago
Canadian Dollar Drops As Crude Oil Prices Slip
The Canadian dollar weakened against other major currencies in the European session on Thursday, as the crude oil prices slipped due to increased geopolitical concerns in the Middle East.
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63 days ago
Bay Street Likely To Open Flat; Tech Stocks May Move Higher
Bay Street is seen opening flat on Thursday as investors are likely to tread cautiously due to escalating tensions in the Middle East.
Tech stocks may find support after Meta Platforms Inc. (META) announced that it will invest more than C$13 billion Canada to build the first data center in the country, which will be optimized for its AI workloads.
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63 days ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower
The Labor Department released a report on Thursday unexpectedly showing a modest decrease in first-time claims for U.S. unemployment benefits in the week ended July 4th.
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63 days ago
ADB Cuts Developing Asia Growth Outlook
The Asian Development Bank downgraded its growth outlook for developing Asia and the Pacific citing higher energy costs, supply disruptions and tighter financial conditions following the Middle East conflict. In the July Asian Development Outlook, the ADB forecast developing Asia and the Pacific to grow 4.9 percent this year, which was slower than the 5.1 percent expansion estimated in April.
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63 days ago
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