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Asian Shares Gain On China Stimulus Hopes
Asian stocks advanced on Monday as weak Chinese data spurred hopes of more policy stimulus and the Bank of Japan stepped into the bond market to influence rates.
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Yen Falls As Asian Shares Traded Higher
The Japanese yen weakened against other major currencies in the Asian session on Monday, as investors reacted positively to data showing the U.S. economy grew more than expected in the second quarter, which helped quell fears of an imminent recession.
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European Economic News Preview: Eurozone Flash GDP, Inflation Data Due
Flash inflation and quarterly national accounts from the euro area and mortgage approvals from the UK are due on Monday, headlining a busy day for the European economic news. At 2.00 am ET, Germany's statistical office Destatis is scheduled to issue retail sales and import prices for June. Economists forecast retail sales to fall 2.7 percent annually after a 3.6 percent drop in May.
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European Shares To Open Lower On Weak China Data
European stocks may drift lower on Monday as weak Chinese data revived worries about slowing growth in the world's second-largest economy.
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FDA Approves OTC Naloxone Nasal Spray RiVive For Opioid Overdose
The U.S. Food and Drug Administration approved Harm Reduction Therapeutics' RiVive, 3 milligram naloxone hydrochloride nasal spray for over-the-counter or OTC, nonprescription use for the emergency treatment of known or suspected opioid overdose. The agency's second nonprescription naloxone product approval is expected to help increase consumer access to naloxone without a prescription.
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Yen Falls Against Majors
The Japanese yen weakened against other major currencies in the Asian session on Monday.
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Sensex, Nifty Open Lower Despite Firm Global Cues; Metal Stocks Rally
Indian shares opened a tad lower on Monday despite firm cues from global markets.
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more news
Asian Markets Track Global Markets Higher
Asian stock markets are trading mostly higher on Monday, following the positive cues from global markets on Friday, as traders reacted to data showing the U.S. economy grew more than expected in the second quarter, which helped quell fears of an imminent recession. The data also helped ease concerns about the outlook for interest rates, and raised hopes the Fed will end its tightening cycle soon.
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Sensex, Nifty Seen Opening On Steady Note
Indian shares look set to open on a steady note Monday, tracking firm cues from global markets.
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Japanese Market Sharply Higher
The Japanese stock market is sharply higher on Monday, recouping the losses in the previous session, with the Nikkei 225 moving above the 33,300 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by exporters and index heavyweights.
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Thai Stock Market Tipped To Open In The Green
Ahead of Friday's holiday in observance of King Maha's birthday, the Thai stock market had alternated between positive and negative finishes through the previous six trading days since the end of the three-day winning streak in which it had more than 20 points or 1.3 percent. The Stock Exchange of Thailand now sits just beneath the 1,545-point plateau and it's predicted to open higher om Monday.
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China Manufacturing Index Improves To 49.3 In July - NBS
The manufacturing sector in China continued to contract in July, albeit at a slower pace, the latest survey from the National Bureau of Statistics said on Monday with a manufacturing PMI score od 49.3.
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Australia Private Sector Credit +0.2% On Month In June - RBA
Private sector credit in Australia was up 0.2 percent on month in June, the Reserve Bank of Australia said on Monday - slowing from 0.4 percent in May.
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