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Rally Expected To Stall For Singapore Stock Market
The Singapore stock market has ticked higher inconsecutive trading days, collecting almost 15 points or 0.5 percent along the way. The Straits Times Index now rests just above the 3,245-point plateau although it may run out of steam on Wednesday.
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vor 936 Tagen
Malaysia Stock Market May Head South Again On Wednesday
The Malaysia stock market on Tuesday snapped the two-day slide in which it had eased not quite 3 points. The Kuala Lumpur Composite Index now rests just beneath the 1,460-point plateau although it's likely to see renewed selling pressure on Wednesday.
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vor 936 Tagen
South Korea Stock Market Due For Profit Taking
The South Korea stock market has moved higher in five straight sessions, gathering more than 60 points or 2.5 percent along the way. The KOSPI now rests just above the 2,460-point plateau although investors figure to cash in on Wednesday.
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vor 936 Tagen
TSX Ends Notably Lower As Stocks Fall After Powell's Testimony
Canadian stocks tumbled on Tuesday after Federal Reserve Chair Jerome Powell warned interest rates will likely remain higher for longer than previously expected to fight inflation.
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vor 936 Tagen
Japan Data Due On Wednesday
Japan is scheduled to release January figures for current account, highlighting a light day for Asia-Pacific economic activity. The current account deficit is pegged at 818 million yen following the 33 million yen surplus in December.
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vor 936 Tagen
Dollar Rises To 3-month High As Powell's Testimony Raises Rate Hike Concerns
The U.S. dollar climbed to a three-month high on Tuesday, scoring strong gains against its major counterparts in the process, as Federal Reserve Chairman Jerome Powell said the central bank will likely raise rates more than previously expected to fight inflation.
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vor 936 Tagen
Swiss Market Ends Weak Again
After a weak start and a subsequent recovery Tuesday morning, the Switzerland stock market retreated and stayed weak to eventually end the session notably lower.
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vor 936 Tagen
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European Stocks Close Lower As Powell's Comments Hurt Sentiment
European stocks fell on Tuesday after U.S. Federal Reserve Chair Jerome Powell warned in his congressional testimony that the central bank will likely raise interest rates higher than previously thought to fight inflation.
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vor 936 Tagen
U.S. Wholesale Inventories Decrease In Line With Estimates In January
A report released by the Commerce Department on Tuesday showed wholesale inventories in the U.S. decreased in line with economist estimates in the month of January. The Commerce Department said wholesale inventories fell by 0.4 percent in January after inching up by 0.1 percent in December. The drop matched expectations as well as the preliminary estimate.
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vor 936 Tagen
Powell Says Rates Likely Headed Higher Than Previously Anticipated
Federal Reserve Chair Jerome Powell delivered his highly anticipated semiannual monetary policy testimony before the Senate Banking Committee on Tuesday. Citing stubbornly elevated inflation and stronger than expected economic data, Powell told lawmakers the "ultimate level of interest rates is likely to be higher than previously anticipated."
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vor 936 Tagen
Nielsen Holdings Appoints Warren Jenson As New CFO
Nielsen Holdings plc (NLSN), an audience measurement, data and analytics company, announced Tuesday the appointment of Warren Jenson as Chief Financial Officer (CFO), effective April 15, 2023.
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vor 936 Tagen
German Factory Orders Unexpectedly Strengthen
Germany's factory orders unexpectedly expanded in January on strong foreign demand for aircraft and spacecraft construction and automobile engines, figures from Destatis revealed on Tuesday. Factory orders grew 1.0 percent in January from December, confounding expectations for a decline of 0.9 percent. Nonetheless, the pace of growth eased from December's revised 3.4 percent expansion.
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vor 936 Tagen
HanesBrands Inks Multi Year Apparel Agreement With UCLA
HanesBrands (HBI), the world's largest supplier of collegiate fan apparel, and the University of California, Los Angeles or UCLA, announced Tuesday a multi-year apparel agreement that gives HBI exclusive rights to design, manufacture and distribute high-quality, on-trend Bruins fanwear in the mass retail channel.
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vor 936 Tagen
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