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DAX Marginally Lower As Investors Await Clues On Rate Cuts
(RTTNews) - German stocks were subdued on Tuesday as investors awaited the European Central Bank's policy meeting due later this week for signals on when the central bank will consider its first interest-rate cut.
The downside remained capped after media reports suggested that Chinese policymakers are weighing measures to stave off a slump in the country's stock markets and boost investor confidence.
The benchmark DAX was marginally lower at 16,681 after gaining 0.8 percent in the previous session. The euro traded near one-week high against the dollar.
Among the prominent gainers, meal delivery company HelloFresh jumped more than 6 percent Siemens Energy rallied 3.3 percent, Volkswagen rose about 1 percent and Zalando added 2.7 percent.
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Australian Dollar Falls Amid RBA Rate Cut Speculation
The Australian dollar weakened against other major currencies in the Asian session on Wednesday, as traders expect two or more rate cuts if inflation continues to decline as anticipated.
Earlier this month, the Reserve Bank of Australia (RBA) lowered its cash rate to 3.60 percent from 3.85 percent, as widely expected.
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New Zealand Hints At More Interest Rate Cuts
The Reserve Bank of New Zealand reduced its key interest rate by 25 basis points to a three-year low and hinted at further easing on Wednesday. The Monetary Policy Committee, governed by Christian Hawkesby, voted to lower the Official Cash Rate to 3 percent from 3.25 percent. The bank has reduced the rate by 250 basis points since August 2024.
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1घंटे 2 मिनट पहले
NZ Dollar Slides As RBNZ Cuts Rate By 25 Bps
The New Zealand dollar weakened against other major currencies in the Asian session on Wednesday, after the Reserve Bank of New Zealand decided to cut its key interest rate by 25 basis points and signaled further easing.
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2घंटे 23 मिनट पहले
European Economic News Preview: UK Inflation Data Due
Consumer prices from the UK and the euro area due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for July. Inflation is seen rising to 3.7 percent in July from 3.6 percent in the previous month.
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2घंटे 44 मिनट पहले
China Leaves Benchmark Interest Rate Unchanged
The People's Bank of China maintained its interest rates on Wednesday, as Beijing focus on fiscal policy easing and more targeted measures. The central bank left its one-year loan prime rate at 3.0 percent. Similarly, the five-year LPR, the benchmark for mortgage rates, was retained at 3.50 percent. The bank had reduced its both LPRs by quarter points in October 2024.
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2घंटे 54 मिनट पहले
European Shares Set To Open Lower After US Tech Selloff
European stocks are seen opening lower on Wednesday as investors fret about overheated tech valuations and U.S. government intervention in Intel.
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U.S. Dollar Advances Against Most Majors
The U.S. dollar strengthened against most major currencies in the Asian session on Wednesday.
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3घंटे 38 मिनट पहले
Yen Rises Against Majors
The Japanese yen strengthened against other major currencies in the Asian session on Wednesday.
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3घंटे 43 मिनट पहले
