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Singapore Shares May See Additional Support
The Singapore stock market on Monday wrote a finish to the six-day losing streak in which it had dropped more than 60 points or 1.8 percent. The Straits Times Index now sits just beneath the 3,215-point plateau and it's expected to open in the green again on Tuesday.
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Malaysia Stock Market Due For Support On Tuesday
The Malaysia stock market has finished lower in five straight sessions, giving up more than 15 points or 1 percent along the way. The Kuala Lumpur Composite Index now rests just above the 1,415-point plateau and it's expected to find traction on Tuesday.
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South Korea Bourse May Add To Its Winnings On Tuesday
The South Korea stock market on Monday halted the four-day losing streak in which it had stumbled more than 45 points or 1.9 percent. The KOSPI now rests just beneath the 2,480-point plateau and it's tipped to open higher again on Tuesday.
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China Data On Tap For Tuesday
China is scheduled to release a raft of data on Tuesday, highlighting an otherwise light day for Asia-Pacific economic activity.
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South Korea Export Prices Sink 7.5% On Year In April
Export prices in South Korea were down 7.5 percent on year in April, the Bank of Korea said on Tuesday - exceeded expectations for a decline of 9.0 percent following the 6.2 percent drop in March.
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TSX Ends On Firm Note
The Canadian market closed on a firm note on Monday, riding on gains in energy, materials and technology stocks. Several stocks from financials and real estate sectors moved up as well.
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Dollar Loses Ground Against Major Rivals
The U.S. dollar weakened against most of its major counterparts on Monday with investors largely consolidating gains and focusing on talks over the debt ceiling issue.
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Swiss Market Ends Slightly Up
The Switzerland stock market ended slightly up on Monday, giving up most of its gains in the final hour of the day's session.
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European Stocks Close On Mixed Note
European stocks closed mixed on Monday with investors digesting the latest batch of economic data from the region and weighing the outlook for the global economy in general and the European economy in particular.
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Canadian Market Up In Positive Territory, As Resources, Technology Stocks Rise
The Canadian market is up in positive territory a little past noon on Monday, led by gains in energy, materials and technology sectors.
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Dollar's Dominance Rises Despite Lingering Debt Ceiling Concerns
Currency markets witnessed an uptick in the Dollar's dominance in the week spanning May 8 to May 12, amidst fresh inflation readings that underscored latent price pressures in the U.S. economy as well as trade and inflation data from China that portended deflationary conditions.
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New York Manufacturing Index Plunges Much More Than Expected In May
New York manufacturing activity has seen a substantial downturn in the month of May, according to a report released by the Federal Reserve Bank of New York on Monday. The New York Fed said its general business conditions index plummeted to a negative 31.8 in May from a positive 10.8 in April, with a negative reading indicating a contraction.
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EU Lifts Eurozone Growth & Inflation Projections
The European Commission raised the euro area economic growth and inflation projections for this year and next on Monday, but warned that the single currency bloc faces several risks that policymakers must monitor closely. The currency-bloc is projected to grow 1.1 percent this year and 1.6 percent in 2024, the executive arm of the EU said in its Spring economic forecast.
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