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Japan Inflation Data Due On Friday
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(RTTNews) - Japan will on Friday release January figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. In December, overall inflation was up 0.2 percent on month and 4.0 percent on year; core CPI also rose 4.0 percent on year.
Malaysia will provide January data for inflation, with forecasts suggesting an increase of 3.7 percent on year, easing from 3.8 percent in December.
Singapore will see January numbers for industrial production, with forecasts suggesting a decline of 0.1 percent on month and an increase of 2.9 percent on year. That follows the 3.2 percent monthly increase and the 3.1 percent yearly decline in December.
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ECB Holds Interest Rates Steady Amid Uncertain Outlook
The European Central Bank maintained its key interest rates unchanged for a third policy session in a row on Thursday, as expected, as policymakers assessed that the outlook was broadly unchanged, but still uncertain due to global trade conflicts and geopolitical tensions.
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Eurozone GDP Growth Beats Expectations
The euro area economy expanded at a faster pace in the third quarter as France and Spain reported strong growth, while Germany and Italy experienced stagnation, amid a highly uncertain outlook due to the ongoing trade policies and political instability. Gross domestic product climbed 0.2 percent sequentially in the September quarter, preliminary flash estimate from Eurostat showed on Thursday.
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Bay Street Likely To Open Weak
Weak commodity prices, lower European stocks and U.S. and Canadian futures point to a negative start for the Canadian market on Thursday. The Federal Reserve and Bank of Canada lowered interest rates on Wednesday but have ruled out the possibility of another cut this year.
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German Economy Stagnates On Weaker Exports; Unemployment Falls
The German economy stagnated in the third quarter, narrowly dodging a recession as higher U.S. tariffs damped exports and the optimism about the fiscal stimulus faded, while unemployment logged an unexpected moderate fall. Gross domestic product remained unchanged, as expected, following a revised decline of 0.2 percent in the second quarter, the preliminary estimate from Destatis revealed on T
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FTSE 100 Moderately Lower; WPP Tanks On Lower Earnings, Forecast
The UK stock market is down in negative territory on Thursday, mirroring the trend in other major European markets, as investors react to the latest batch of earnings announcements from the domestic and global front, and some regional economic data.
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CAC 40 Drifts Lower; Investors React To Earnings And Await ECB Policy
France's benchmark index CAC 40 is down in negative territory on Thursday with investors reacting to a slew of earnings updates and regional economic data, the Federal Reserve's interest rate cut and the warning that no further reduction is likely this year.
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Sensex, Nifty Decline On Hawkish Fed Remarks
Indian shares fell notably on Thursday as investors reacted to hawkish comments from Federal Reserve Chair Jerome Powell, mixed earnings results from mega-cap U.S. technology companies and the latest updates from U.S.-China trade negotiations.
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DAX Down Nearly 6% On Mixed Earnings Updates
German stocks are showing some weakness on Thursday with investors mostly making cautious moves after Federal Reserve Chair Jerome Powell's caution that another interest rate cut by the central bank is unlikely this year.
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