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Gold Prices Tumble As US-Iran Tensions Revive Rate-hike Fears
Gold prices were sharply lower on Wednesday as the dollar strengthened and global bond yields surged on renewed Middle East tensions.
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64 days ago
Oil Prices Soar As Middle East Tensions Escalate
Ol prices jumped more than 6 percent on Wednesday after U.S. President Donald Trump declared the Iran ceasefire "is over" at the NATO summit, heightening fears of a renewed conflict and Strait of Hormuz disruptions.
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64 days ago
European Shares Tumble As Hormuz Ceasefire Collapses
European stocks fell on Wednesday, extending losses from the previous session as renewed Middle East tensions fueled concerns over inflation and the outlook for central bank policy.
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64 days ago
Asian Shares Retreat Amid Tech Selloff, Mideast Tensions
Asian stocks ended mostly lower on Wednesday, with tech shares coming under selling pressure amid concerns that the AI-fueled rally in chipmakers may be losing momentum.
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64 days ago
Australian Dollar After RBA's Hunter Hawkish Remarks
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday, as the Reserve Bank of Australia (RBA) kept the door open for additional monetary policy tightening, if necessary, to bring inflation back to the central bank's target.
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64 days ago
Australian Dollar Rises Against Majors
The Australian dollar strengthened against other major currencies in the Asian session on Wednesday.
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64 days ago
NZ Dollar Rises After RBNZ Rate Hike Decision
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday, following the Reserve Bank of New Zealand or the RBNZ's quarter-basis-point interest rate increase.
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64 days ago
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New Zealand Central Bank Hikes Rate For First Time Since 2023
The Reserve Bank of New Zealand raised its benchmark interest rate for the first time in more than three years to bring inflation to target and hinted at further tightening. The Monetary Policy Committee, governed by Anna Breman, decided to lift the Official Cash Rate by 25 basis points to 2.50 percent. This was the first hike since May 2023.
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64 days ago
European Shares Seen Lower On Renewed US-Iran Tensions
European stocks are seen opening lower on Wednesday as a global tech sell-off deepened and rising U.S.-Iran tensions sent oil prices sharply higher, reigniting concerns around inflation and interest rates.
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64 days ago
NZ Dollar Rises Against Majors
The New Zealand dollar strengthened against other major currencies in the Asian session on Wednesday.
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64 days ago
Indian Shares Open Lower Amid US-Iran Tensions
Indian shares fell in early trade on Wednesday, as a global tech sell-off deepened and the United States launched a major new wave of air strikes against Iran, targeting more than 80 military sites in response to Tehran's latest attacks on commercial shipping in the Strait of Hormuz.
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64 days ago
Australian Market Trims Early Losses In Mid-market
The Australian stock market is trimming its early losses in mid-market moves on Wednesday, but extending the losses in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 falling below the 8,750 level, with weakness across most sectors led by gold miners and technology stocks. Energy stocks were the only bright spot.
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64 days ago
Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly lower on Wednesday, following the broadly negative cues from Wall Street overnight, amid concerns about re-escalation in the Middle East conflict and the related spike in crude oil prices that would translate to higher inflation and could keep interest rates elevated. Asian markets closed mostly lower on Tuesday.
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64 days ago
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