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Malaysia Bourse Due For Support On Thursday
The Malaysia stock market has tracked lower in five straight sessions, slumping more than 80 points or 5.3 percent in that span. The Kuala Lumpur Composite Index now sits just beneath the 1,485-point plateau although it may stop the bleeding on Thursday.
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vor 171 Tagen
Nikkei May Extend Wednesday's Gains
The Japanese stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just shy of the 36,820-point plateau and it's tipped to open in the green again on Thursday.
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vor 171 Tagen
KOSPI May Reclaim 2,600-Point Level
The South Korea stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day winning streak in which it had advanced almost 50 points or 2 percent. The KOSPI now sits just beneath the 2,575-point plateau and it may extend its gains on Thursday.
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vor 171 Tagen
TSX Ends On Firm Note After BoC Rate Cut Decision
The Canadian market closed on a firm note on Wednesday, lifted by gains in energy and technology sectors.
The Bank of Canada's rate cut announcement, and tamer than expected U.S. consumer price inflation data contributed to the positive show by Canadian stocks.
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vor 171 Tagen
Australia Building Approval Data Due On Thursday
Australia will on Thursday see January numbers for building approvals, highlighting a light day for Asia-Pacific economic activity.
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vor 171 Tagen
Dollar Climbs Higher Against Major Counterparts
The U.S. dollar climbed higher on Wednesday, gaining some ground after exhibiting weakness over the past several sessions, as data showed a smaller than expected increase in U.S. consumer price inflation.
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vor 171 Tagen
Canadian Dollar Higher After Soft U.S. Inflation Data
The Canadian dollar strengthened against its major counterparts in the New York session on Wednesday, as U.S. inflation report came in cooler than expected in February, suggesting that the Federal Reserve will resume rate cuts in June.
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vor 171 Tagen
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Swiss Market Ends On Buoyant Note
The Switzerland market closed on a buoyant note on Wednesday, in line with markets across Europe, as optimism about a ceasefire in Ukraine, and data showing a less than expected increase in U.S. consumer prices in the month of February lifted investor sentiment.
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vor 171 Tagen
European Stocks Close Higher On Ukraine Ceasefire Hopes, Tame U.S. CPI Data
European stocks closed higher on Wednesday, recovering from recent losses, as investors reacted to news about prospects of a ceasefire in Ukraine. Tamer than expected U.S. consumer price inflation data also aided sentiment.
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vor 171 Tagen
Canadian Stocks Turning In Mixed Performance After BoC Rate Cut, U.S. Inflation Data
Canadian stocks are turning in a mixed performance Wednesday morning with investors digesting the Bank of Canada's interest rate decision, and tamer than expected U.S. consumer price inflation data.
Worries about the U.S. Government's stance on tariffs, and the possibility of recession in the U.S., Canada and Mexico, are weighing on sentiment and limiting market's upside.
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vor 171 Tagen
Elon Musk's Starlink Partners With India's Jio And Airtel
Close on the heels of signing an agreement with one of India's telecom majors Airtel, Elon Musk's SpaceX signed a deal with the country's another tycoon Jio Platforms Ltd, affiliated to Billionaire Mukesh Ambani's Reliance Industries, to offer Starlink satellite Internet services in the country.
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vor 171 Tagen
Bank Of Canada Cuts Interest Rates By Another 25 Basis Points
With inflation close to the 2 percent target, the Bank of Canada on Wednesday announced its widely expected decision to lower interest rates by another 25 basis points, making its seventh straight rate cut. The Bank of Canada said it decided to reduce its target for the overnight rate to 2.75 percent, with the Bank Rate at 3 percent and the deposit rate at 2.70 percent.
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vor 171 Tagen
U.S. Consumer Prices Rise Less Than Expected In February, Annual Growth Slows
A report released by the Labor Department on Wednesday showed consumer prices in the U.S. increased by slightly less than expected in the month of February. The Labor Department said its consumer price index crept up by 0.2 percent in February after climbing by 0.5 percent in January. Economists had expected consumer prices to rise by 0.3 percent.
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vor 171 Tagen
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