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European Economic News Preview: UK Public Sector Finance Data Due
(RTTNews) - Public sector finance data from the UK and new car registrations from Europe are the top economic news due on Tuesday.
At 2.00 am ET, the Office for National Statistics publishes UK public sector finance data. The public sector net borrowing is seen at GBP 17.4 billion in September compared to GBP 13.7 billion in August.
In the meantime, the European Automobile Manufacturers' Association is scheduled to issue Europe new car registrations data for September.
At 4.00 am ET, retail sales data is due from Poland. At 8.00 am ET, Hungary's central bank announces its monetary policy decision. The bank is expected to hold the benchmark rate at 6.5 percent.
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European Shares Subdued Ahead Of Fed Meeting
European stocks were flat to slightly lower on Tuesday and the U.S. dollar slipped to an over two-month low ahead of the start of a two-day policy meeting of the Federal Reserve later in the day, with traders eyeing a widely expected 25 bps rate cut.
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U.S. Dollar Falls Amid Fed Rate Cut Speculation
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday, as traders have already factored in a rate cut by the US Fed as a "certainty."
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Asian Shares Gain After Wall Street Rally; Tech Stocks Lead Surge
Asian stocks rose broadly on Tuesday in anticipation of a Federal Reserve rate cut when the U.S. central bank announces its monetary policy decision on Wednesday.
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U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the Asian session on Tuesday.
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Amazon Prime Big Deal Days On October 7-8
Kicking off the holiday shopping season, Amazon has announced the retun of Prime Big Deal Days, its major deal event, on October 7 to 8, with millions of exclusive and early deals for Prime Members. Along with the U.S., Prime Big Deal Days will begin on October 7 in Australia, Belgium, Brazil, Canada, France, Germany, Italy, Japan, Netherlands, Poland, Singapore, Spain, Sweden, and the UK.
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European Economic News Preview: UK Unemployment Data Due
Unemployment from the UK and economic sentiment from Germany are due on Tuesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics is scheduled to issue UK unemployment data. The jobless rate is seen unchanged at 4.7 percent in the three months to July.
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European Shares Seen Opening Up Ahead Of Fed Meeting
European stocks are likely to open higher on Tuesday as a two-day policy meeting of the U.S. Federal Reserve gets underway today amid expectations of a larger-than-expected rate cut.
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Sensex, Nifty Open Higher As Trade Talks Resume
Indian shares opened on a positive note Tuesday as Indian and U.S. officials restart trade talks, aiming to resolve tariff dispute and revive stalled deal.
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