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Swiss Economy Rebounds In Q1
The Swiss economy rebounded at a faster-than-expected pace at the start of the year on robust domestic demand, government data showed on Tuesday. Gross domestic product grew 0.3 percent sequentially in the first quarter after stagnating in the fourth quarter of 2022, the State Secretariat for Economic Affairs, or SECO, reported. The rate also exceeded economists' forecast of 0.1 percent.
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European Shares Mixed As Investors Watch US Debt Deal Progress
European stocks were mixed on Tuesday as investors waited for the passage of the U.S. debt ceiling deal before June 5.
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FTSE 100 Dips In Cautious Trade
U.K. stocks started the week on a cautious note as investors waited for the passage of the U.S. debt ceiling deal before June 5.
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CAC 40 Slides On China Growth Concerns
French stocks traded lower on Tuesday amid growing doubts about the strength of China's post-Covid recovery and signs of increasing tensions between Washington and Beijing.
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DAX Inches Higher In Cautious Trade
German stocks were slightly higher on Tuesday after Republican South Dakota Representative Dusty Johnson downplayed the conservative opposition to the debt ceiling deal.
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Asian Shares Mixed On China Recovery Concerns
Asian stocks ended mixed on Tuesday, as concerns that China's economic recovery is losing steam and signs of rising tensions between Washington and Beijing offset investor optimism over the agreement of a deal to raise the U.S. debt ceiling and avert default in the world's largest economy.
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Commodity Currencies Slide
Commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major rivals in the Asian session on Tuesday, as most Asian stock markets traded lower, following the lack of cues from global markets overnight due to holiday in most markets, as traders turned to booking profits after the recent rally in some markets.
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European Shares Seen Up As US Debt Ceiling Bill Goes For Vote
European stocks are seen opening broadly higher on Tuesday as the U.S. debt ceiling deal readies for vote.
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European Economic News Preview: Eurozone Economic Sentiment Due
Economic confidence and monetary aggregates from the euro area are due on Tuesday, headlining a busy day for the European economic news. At 2.00 am ET, final quarterly national accounts and foreign trade figures are due from Sweden. The initial estimates showed that the economy logged a sequential growth of 0.2 percent in the first quarter, reversing a 0.5 percent fall in the fourth quarter.
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Canadian Dollar Drops Against Most Majors
The Canadian dollar weakened against its most major currencies in the Asian session on Tuesday.
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NZ Dollar Slides Against Most Majors
The New Zealand dollar weakened against its most major currencies in the Asian session on Tuesday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Tuesday.
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Sensex, Nifty See Modest Gains In Early Trade
Indian shares were seeing modest gains in early trade on Tuesday despite muted global cues.
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