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Canadian Stocks Likely To Open Higher
Higher Canadian and U.S, futures, and fairly steady commodity prices point to a positive start on Bay Street on Tuesday, the final trading session of 2024.
Worries about the outlook for interest rates, and concerns over tariff threats by U.S. President-elect Donald Trump may limit market's upside.
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Billionare Adani To Exit From Wilmar JV In $2 Bln Deal; Stocks Down
Indian billionaire Gautam Adani's conglomerate is exiting from its food FMCG joint venture, Adani Wilmar Ltd., with its Singaporean JV partner Wilmar International Ltd. in a deal, which is reportedly worth $2 billion. Shares of Adani Enterprises Limited or AEL dropped around 3 percent in Indian trading after it agreed to sell its entire 44 percent stake in the JV in a multi-phased deal.
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Senex, Nifty Recover From Early Loses
Indian shares recovered from early losses to end on a flat note Tuesday.
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European Shares Drift Lower In Cautious Trade
European stocks were moving lower in thin holiday trade on Tuesday, taking their cues from a sell-off on Wall Street overnight and weak cues from Asia.
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Asian Shares Decline In Thin Holiday Trade
Asian stocks fell in thin holiday trade on Tuesday. Volumes were light amid holidays in Japan and South Korea. South Korea was closed for New Year's Eve holiday, while Japanese markets remain closed from Tuesday through Jan. 6.
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European Shares Set To Drift Lower In Thin Holiday Trade
European stocks are likely to open on a sluggish note Tuesday, the last trading day of 2024.
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China Private Sector Expands In December
China's private sector expanded at the end of the year as fiscal stimulus and loose monetary policy provided a near-term support to growth, official survey results revealed on Tuesday. The manufacturing Purchasing Managers' Index dropped to 50.1 in December from 50.3 in the previous month, data published by the National Bureau of Statistics showed.
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Sensex, Nifty Open Lower; IT Stocks Drag
Indian shares opened lower on Tuesday, tracking weak cues from global markets amid concerns about U.S. President-elect Donald Trump's protectionist policies and the outlook for interest rates.
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Asian Markets Track Wall Street Lower
Asian stock markets are trading mostly higher on Tuesday, following the broadly negative cues from Wall Street overnight, as traders are worried US President-elect Donald Trump's protectionist trade policies will likely push up inflation next year. Some traders are also taking profits going into the end of the year. Asian markets closed mixed on Monday.
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Australian Market Trims Losses In Mid-market
The Australian stock market is trimming its losses in mid-market trading on Tuesday, but adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,200 level, with weakness in mining, financial and technology stocks partially offset by gains in energy stocks.
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Senex, Nifty Set To Follow Global Peers Lower
Indian shares are likely to open on a sluggish note Tuesday, mirroring weak cues from global markets as investors fret about U.S. President-elect Donald Trump's protectionist policies and the outlook for interest rates.
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Australian Market Significantly Lower
The Australian stock market is trading significantly lower on Tuesday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,200 level, with stocks across sectors trading weak led by mining and technology stocks.
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Hang Seng May Give Up Support At 20,000 Points
The Hong Kong stock market has tracked lower in two straight sessions, sinking more than 50 points or 0.3 percent along the way. The Hang Seng Index now sits just above the 20,040-point plateau, and it's expected to open under pressure again on Tuesday.
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