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Singapore Shares Due For Consolidation On Thursday
The Singapore stock market has finished higher in five straight sessions, gathering almost 210 points or 4.1 percent along the way. The Straits Times Index now sits just beneath the 5,370-point plateau although investors may cash in on Thursday.
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64 days ago
New Zealand Manufacturing Index Surges In June - BusinessNZ
The manufacturing sector in New Zealand continued to expand in June, and at a much faster rate, the latest survey from BusinessNZ revealed on Thursday with a Performance of Manufacturing Index score of 59.7.
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64 days ago
Malaysia Shares Called Rangebound Again On Thursday
The Malaysia stock market inched higher again on Wednesday, one day after ending the three-day winning streak in which it had climbed more than 25 points or 1.5 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,685-point plateau although it may head south again on Thursday.
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64 days ago
Japan Bourse May Find Traction On Thursday
The Japan stock market has finished lower in three straight trading days, stumbling almost 3,000 points or 4.8 percent along the way. The Nikkei 225 now sits just beneath the 66,820-point plateau although it may stop the bleeding on Thursday.
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64 days ago
Tech Shares May Lift Oversold KOSPI On Thursday
The South Korea stock market has finished lower in three straight sessions, plummeting almost 850 points or 10.1 percent in that span. The KOSPI now sits just beneath the 7,250-point plateau although it's due for support on Thursday.
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64 days ago
Malaysia Rate Decision On Tap For Thursday
The Malaysian central bank will wrap up its monetary policy meeting on Thursday and then announce its decision on interest rates, highlighting a busy day for Asia-Pacific economic activity. The central bank is widely expected to keep its benchmark lending rate unchanged at 2.75 percent.
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64 days ago
U.S. Dollar Slips Despite Hawkish Fed Minutes, Fresh U.S.-Iran Conflict
The U.S. Dollar value ticked lower as investors assessed the release of minutes from the latest U.S. Federal Reserve's meeting in the backdrop of renewed tensions in the Middle East due to new U.S. and Iran conflict while mild recovery in stock markets later today lowered the liquidity demand for dollar.
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64 days ago
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Fed Minutes Confirm Mixed Views About Outlook For Rates
The Federal Reserve on Wednesday released the minutes of its June 16-17 monetary policy meeting, which marked Kevin Warsh's first meeting as head of the central bank. Amid considerable uncertainty surrounding the outlook for inflation, the minutes said participants discussed a range of scenarios for the evolution of the economy and for future monetary policy actions.
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64 days ago
TSX Firmly Down Despite Coming Off Day's Low
The Canadian market is firmly down in negative territory Wednesday afternoon with the mood remaining bearish amid fears of rate hikes and economic slowdown due to escalating tensions in the Middle East.
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64 days ago
Swiss Market Ends Notably Lower As Middle East Tensions Weigh
The Switzerland market closed notably lower on Wednesday, in line with markets across Europe, as rising Middle East tensions pushed up oil prices, triggering inflation and interest rate fears.
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64 days ago
European Markets Tumble On Rising Middle East Tensions
European stocks tumbled on Wednesday, with several markets in the region recording their sharpest fall in several months, as escalating Middle East tensions rendered the mood bearish.
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64 days ago
U.S. Wholesale Inventories Inch Up Less Than Expected In May
Wholesale inventories in the U.S. edged slightly higher in the month of May, according to a report released by the Commerce Department on Wednesday. The report said wholesale inventories crept up by 0.1 percent in May after growing by 0.7 percent in April. Economists had expected wholesale inventories to rise by 0.3 percent.
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64 days ago
Apple Signs Over $30 Bln Worth Chip Deal With Broadcom To Boost U.S. Manufacturing
Tech major Apple Inc. announced a new multi-year, over $30 billion worth deal with chipmaker Broadcom Inc. to produce more than 15 billion U.S.-made chips, aiming to accelerate manufacturing in the U.S. In the pre-market hours on the Nasdaq, Apple is trading 0.15 percent lower at $310.20, while Broadcom is gaining 0.29 percent, trading at $371.84.
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64 days ago
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