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Malaysia Stock Market Tipped To Open Under Pressure
The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had jumped almost 30 points or 2 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,430-point plateau and it may extend its losses on Wednesday.
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Australia Services Sector Slips Into Contraction - Judo Bank
The services sector in Australia fell into contraction territory in March, the latest survey from Judo Bank showed on Wednesday with a services PMI score of 48.6.
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KOSPI May Hand Back Tuesday's Gains
The South Korea stock market bounced higher again on Tuesday, one session after snapping the four-day winning streak in which it had advanced almost 65 points or 2.7 percent. The KOSPI now rests just above the 2,480-point plateau although it may open under renewed consolidation on Wednesday.
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New Zealand Rate Decision On Tap For Wednesday
The Reserve Bank of New Zealand will wrap up its monetary policy meeting and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The RBNZ is expected to hike its Official Cash Rate by 25 basis points, from 4.75 percent to 5.00 percent.
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Canadian Market Retreats After Firm Start, Ends Flat
After seven successive days of gains, the Canadian market turned a bit weak on Tuesday, but still managed a good recovery to eventually end the day's session with just a marginal loss.
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Dollar Drifts Lower Against Major Counterparts As Weak Data Weigh
The U.S. dollar drifted lower against most of its major counterparts on Tuesday, extending recent losses, as weak economic data raised speculation the Fed will soon stop its tightening cycle.
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Swiss Market Ends Lower Again
Despite spending much of the day's session in positive territory, the Switzerland market ended marginally down on Tuesday as a few frontline stocks drifted lower on selling pressure in the closing minutes.
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European Stocks Close Slightly Weak After Cautious Session
European stocks ended on a slightly weak note on Tuesday, snapping a pretty good winning streak, as investors looked for fresh direction and made largely cautious moves.
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Canadian Market Modestly Down As Stocks Drift Lower On Profit Taking
The Canadian market is down in negative territory around noon on Tuesday, weighed down by losses in energy, healthcare and financials shares.
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U.S. Factory Orders Decrease More Than Expected In February
A report released by the Commerce Department on Tuesday showed new orders for U.S. manufactured goods fell by more than expected in the month of February. The Commerce Department said factory orders slid by 0.7 percent in February after plunging by a revised 2.1 percent in January.
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Baxter Int'l Announces US Launch Of ZOSYN Premix
Medtech firm Baxter International Inc. (BAX) announced Tuesday the U.S. launch of ZOSYN (piperacillin and tazobactam) Injection. Zosyn premix is indicated for the treatment of multiple infections caused by susceptible bacteria and is available in Baxter's proprietary single-dose Galaxy containers.
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Bay Street Looks Headed For Another Positive Start
Canadian shares look set to open on a positive note on Tuesday, tracking higher crude oil prices and steady global markets despite rising concerns about inflation.
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German Export Growth Tops Expectations
Germany's exports grew more than expected in February reflecting strong demand from the US and China, official data revealed Tuesday. Exports increased 4.0 percent from January, when shipments were up 2.5 percent, Destatis reported. This was the second consecutive rise. Growth was also better than the expected 1.6 percent gain.
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