RBA Minutes On Tap For Tuesday
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its May 7 monetary policy meeting, highlighting a light day for Asia-Pacific economic activity.
At the meeting, the RBA policy board left its benchmark interest rates unchanged, leaving the cash rate target at 4:35 percent. The board also retained the interest rate paid on Exchange Settlement balances at 4.25 percent.
New Zealand will see April figures for credit card spending; in the previous month, spending was up 1.4 percent on year.
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U.S. Dollar Mixed Amid Cautious Mood
The U.S. dollar turned mixed against its major counterparts in the New York session on Thursday.
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4h 2min ago
Swiss Market Ends Moderately Lower
The Switzerland market ended moderately lower on Thursday amid concerns the Federal Reserve will likely cut interest rate only once this year, as against earlier expectations of two or three reductions.
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4h 34min ago
European Stocks Close Lower As Rate Concerns Resurface
European stocks closed lower on Thursday on concerns the Federal Reserve might not reduce interest rates more than one time this year despite soft consumer price and producer price inflation data.
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4h 54min ago
Canadian Market Down As Resources, Financials Stocks Tumble
The Canadian market is languishing in negative territory after a weak start on Thursday, with stocks from energy, materials and financials sectors going down south on selling pressure.
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6h 28min ago
Tesla Set To Raise Price Of Model 3 In EU From July
Luxury EV maker Tesla is getting ready to increase the price of its Model 3 electric vehicle that are made in China and exported to the European Union from next month, according to a notice displayed on Thursday on Tesla's website for some of the EU block countries, including Germany, France, Ireland, Belgium and Hungary.
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7h 58min ago
U.S. Producer Prices Unexpectedly Dip In May, Annual Growth Slows
A report released by the Labor Department on Thursday showed producer prices in the U.S. unexpectedly edged lower in the month of May. The Labor Department said its producer price index for final demand dipped by 0.2 percent in May after climbing by 0.5 percent in April. Economists had expected producer prices to inch up by 0.1 percent.
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8h 17min ago
U.S. Weekly Jobless Claims Unexpectedly Climb To Nearly 10-Month High
The Labor Department released a report on Thursday showing an unexpected increase by first-time claims for U.S. unemployment benefits in the week ended June 8th. The report said initial jobless claims climbed to 242,000, an increase of 13,000 from the previous week's unrevised level of 229,000. Economists had expected jobless claims to edge down to 225,000.
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8h 21min ago
Tesla Stock Up As Elon Musk Says Stockholders Set To Approve $56 Bln Pay Package
Tesla Inc. shares were gaining around 8 percent in the pre-market activity on the Nasdaq on Thursday after its founder and CEO Elon Musk on late Wednesday said the shareholders are set to approve two Board resolutions, including his $56 billion pay package. The luxury electric car maker's shareholders have been voting on Musk's pay package as well as a resolution to move its incorporation to Texas
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9h 3min ago
