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South Korea Shares May Be Stuck In Neutral On Wednesday
The South Korea stock market on Tuesday ended the two-day winning streak in which it had collected more than 50 points or 1.9 percent. The KOSPI now sits just above the 2,590-point plateau and it's likely to remain in that neighborhood again on Wednesday.
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Australia Retail Sales Data Due On Wednesday
Australia will on Wednesday release May figures for retail sales, highlighting a modest day for Asia-Pacific economic activity. Sales are expected to add 0.7 percent on month following the flat reading in April.
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TSX Ends Higher For 6th Straight Day
The Canadian market closed on a positive note once again, gaining for a sixth straight session, as stocks from energy, real estate and materials sectors climbed higher on Tuesday.
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Canadian Market Modestly Higher, Set For Another Positive Close
The Canadian market is modestly higher Tuesday afternoon, aided by gains in healthcare, energy and materials sectors.
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Swiss Market Fails To Hold Gains, Ends Slightly Down
Save for a brief while at the start and a few minutes in the final hour, the Switzerland stock market stayed positive on Tuesday, but still ended the day's session slightly down.
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Major European Markets Close Weak Again
Major European markets failed to hold gains and closed slightly weak on Tuesday as investors largely stayed cautious and chose to lighten commitments ahead of quarterly earnings updates.
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German Exports Log Unexpected Fall
Germany's exports registered a surprise drop in May, while imports rebounded after falling for two straight months, reflecting uncertainties surrounding the global demand and the contribution of net trade to economic growth. Exports decreased 0.1 percent month-on-month in May, reversing a 1.0 percent gain in April, data from Destatis showed on Tuesday.
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Bay Street Likely To Open Higher
Higher crude oil and bullion prices point to a positive start for the Canadian market Tuesday morning.
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RBA Keeps Rate Unchanged, Signals More Tightening
The Reserve Bank of Australia decided to keep its key rate unchanged unexpectedly on Tuesday in order to assess the impact of the previous tightening on the economy and its associated risks. The board of the Reserve Bank of Australia, led by Governor Philip Lowe, left the cash rate target unchanged at 4.10 percent.
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Canadian Dollar Advances On Higher Oil Prices
The Canadian dollar climbed against its most major counterparts in the European session on Tuesday amid higher oil prices, as investors digested announcements from Saudi Arabia and Russia to extend their oil production cuts into August.
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European Shares Little Changed In Lackluster Trade
European stocks were little changed on Tuesday amid bets that central banks would not push global economies into recession by raising interest rates.
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Asian Shares Mixed On Growth Worries
Asian stocks ended Tuesday's session on a mixed note after the latest business surveys showed global factory activity slumped in June amid rising interest rates.
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Australian Dollar Retreats After RBA Left Rate Unchanged
The Australian dollar retreated from its recent highs against other major currencies in the Asian session on Tuesday, after the Reserve Bank of Australia chose to interest rates intact, saying it needs more time to assess the state of the economy.
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